{"id":102583,"date":"2026-03-28T12:51:20","date_gmt":"2026-03-28T09:51:20","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=102583"},"modified":"2026-03-28T12:51:22","modified_gmt":"2026-03-28T09:51:22","slug":"%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1-%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a-%d8%a8%d9%8a%d9%86-%d8%aa%d8%a8%d8%a7%d8%b7%d8%a4-%d8%a7%d9%84%d8%a8%d9%8a%d8%b9-%d9%88%d8%a7%d9%86%d8%aa%d8%b9%d8%a7","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/102583\/","title":{"rendered":"Saudi real estate between a slowdown in sales and a recovery in rents February's trading reveals the market's shifting compass"},"content":{"rendered":"

experienced Real estate market <\/a><\/strong>The Saudi real estate market saw a clear shift in trends during February 2026, as sales activity declined sharply while the rental market saw a strong upturn\u2014an indicator reflecting a shift in market behavior and the preference of a broad segment of individuals and companies for renting over owning amid rapidly changing economic and financial conditions.
Recent data has revealed that the market has not entered a recession so much as it is reordering its priorities, as liquidity directed toward the purchase of real estate assets has declined, while shifting to the rental sector, which has recorded remarkable growth in terms of both the number of leases and financial values.<\/p>\n\n\n\n

A Significant Decline in Real Estate Sales<\/strong>
Recorded Real estate deals <\/a><\/strong>In February, there was a clear year-over-year decline compared to the same period in 2025, as sales activity fell in both the residential and nonresidential sectors.
In Residential sector<\/a><\/strong>The number of transactions fell to about 18,300, down from more than 33,600 a year ago, reflecting a decline of nearly half. Nonresidential transactions also fell to about 2,100, indicating a slowdown in investment and purchasing decisions.<\/p>\n\n\n\n

The decline was not limited to the number of transactions alone, but also to their financial value. The value of residential transactions fell to approximately 14.7 billion riyals, down from over 33 billion riyals in February of last year, while the value of non-residential transactions dropped to 9.4 billion riyals.
This points to a state of caution in the market, as buyers have preferred to wait before making purchasing decisions, especially given rising financing costs and shifting price expectations.<\/p>\n\n\n\n

Changes in Property Sizes and Transaction Values<\/strong>
In terms of trading characteristics, the average area was Residential real estate<\/a><\/strong> The average size of units traded declined slightly to about 411 square meters, reflecting a trend toward relatively smaller units. In contrast, the area of transactions in the non-residential sector rose significantly, exceeding 42,000 square meters, indicating large-scale, high-value deals despite their lower number.
The average value of residential transactions also declined slightly to about 760,000 riyals, while the average value of non-residential transactions fell to approximately 2.47 million riyals, reflecting relative price pressures in the market.<\/p>\n\n\n\n

Rents Drive Real Estate Activity<\/strong>
In contrast, Souq Rentals <\/a><\/strong>The picture is completely different, as it posted strong growth in February, becoming the main driver of real estate activity in the Kingdom.
The number of residential lease agreements rose to more than 266,000, compared with about 195,000 a year ago, while non-residential lease agreements increased to about 65,600. This reflects growing demand for rental housing and commercial space.
In terms of transactions, the number of residential lease transactions exceeded 338,000, marking significant growth, while non-residential transactions rose to more than 107,000.
It is noteworthy that the financial value of rentals recorded a sharp increase, with the value of residential transactions rising to approximately 7 billion riyals, an increase of 85%, while the value of non-residential leases rose to 5.8 billion riyals, clearly reflecting a shift in liquidity toward the rental market.<\/p>\n\n\n\n

The Properties That Have Declined the Most Among Residential Assets<\/strong>
An analysis of the residential market\u2019s components showed that land was the asset class that declined the most, with the number of transactions falling to about 10,600 and their value dropping to 7.6 billion riyals\u2014marking the largest decline among all property types.
Apartment sales fell to about 4,600 transactions worth nearly 3 billion riyals, while villa transactions dropped to just 1,300 transactions worth about 2 billion riyals, indicating a decline in demand for high-cost units. The declines also affected duplexes and residential floors, albeit at a slower pace, reflecting a general slowdown in home-buying decisions across various segments.<\/p>\n\n\n\n

Riyadh Leads the Real Estate Market<\/strong>
Geographically, the Riyadh region continued to lead the Kingdom\u2019s real estate market, accounting for nearly half of the value of real estate transactions, with a total exceeding 11 billion riyals, reflecting the capital\u2019s continued appeal as a major hub for investment and urban development.
The Makkah region ranked second with a share of nearly one-quarter, followed by the Eastern Province, while five major regions combined accounted for approximately 91% of the total value of real estate transactions in the Kingdom, confirming that activity is concentrated in major cities.<\/p>\n\n\n\n

Riyadh Also Dominates the Rental Market<\/strong>
The situation was much the same in the rental market, where Riyadh also retained the top spot, accounting for approximately 42% of the total value of rental transactions, which amounted to about 5.4 billion riyals, with more than 145,000 transactions recorded.
Mecca ranked second with a value exceeding 3.3 billion riyals, followed by the Eastern Province with approximately 1.78 billion riyals, while Medina and Asir recorded notable activity but with smaller shares.<\/p>\n\n\n\n

A Structural Shift in Market Behavior<\/strong>
The February 2026 indicators reveal a gradual shift in the structure of the Saudi real estate market, with the momentum toward homeownership temporarily waning in favor of renting\u2014a trend often linked to real estate market cycles and rising financing costs.
The market appears to be undergoing a period of rebalancing, as buyers await greater clarity on the economic outlook and prices, while the rental sector is benefiting from increased residential demand and economic activity, making it the biggest winner at this stage.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 3<\/span> Minutes<\/span><\/span>The Saudi real estate market during February 2026 witnessed a clear shift in its trends, after sales activity declined sharply against a strong rise in the rental market, in an indicator that reflects the changing behavior of dealers and the preference of a wide segment of individuals and companies to rent instead of owning amid accelerated economic and financing changes. Read 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