Recent data from the Real estate stock exchange Features of a different phase of the Territory In the city of Riyadh, after land prices recorded significant declines in a number of neighborhoods, reflecting a repositioning of the market and a change in the balance of supply and demand.
North of Riyadh. Price correction after a surge
In the northern neighborhoods of the capital, which was one of the most active areas during the past years, there were clear decreases in the price per square meter, indicating that the market has entered a price correction phase. The price per meter in Al-Qayrawan neighborhood fell to about 7,500 riyals after exceeding 11,000 riyals, while in Al-Malqa neighborhood it fell to 7,500 riyals compared to 12,000 riyals previously.
Al-Yasmeen neighborhood recorded an average price of 6,500 riyals per meter instead of 10,000 riyals, while the price in Al-Narjis neighborhood reached 5,500 riyals after it was around 8,000 riyals, and Al-Arid neighborhood recorded a decline to 4,500 riyals per meter compared to 7,500 riyals in previous periods.
The center of the capital. Limited but significant decreases
Downtown Riyadh was not immune to these movements, as indicators showed that the price per meter in the Olaya neighborhood fell to about 6,500 riyals, after it was close to 10,000 riyals, which may return investment interest to some central locations that witnessed relative stagnation during the past period.
South and West Riyadh Opportunities at lower prices
In the south and west of the city, the declines were more pronounced, making these areas more attractive to those looking for lower-priced opportunities. The Namar neighborhood recorded a meter price of 1,100 riyals compared to 1,700 riyals, while the price in Al Khair neighborhood fell to about 1,200 riyals per meter from 2,500 riyals.
These movements show a new reality in the land market in Riyadh, driven by increased supply and changing demand patterns, as well as the anticipation of investors and buyers of the path of prices during the next phase. Observers believe that these price levels may open up new opportunities for both those wishing to live in Riyadh and for investors looking to enter the market at more balanced price points.
