{"id":109803,"date":"2026-09-06T12:44:00","date_gmt":"2026-09-06T09:44:00","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=109803"},"modified":"2026-09-06T12:42:14","modified_gmt":"2026-09-06T09:42:14","slug":"%d9%85%d9%86-%d8%aa%d8%ac%d8%a7%d8%b1%d8%a9-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1-%d8%a5%d9%84%d9%89-%d8%b5%d9%86%d8%a7%d8%b9%d8%a9-%d8%a7%d9%84%d9%82%d9%8a%d9%85%d8%a9-%d8%a7%d9%84%d8%b9%d9%82%d8%a7","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/109803\/","title":{"rendered":"From Real Estate Trading to the Real Estate Value Industry"},"content":{"rendered":"

After approximately a year of investigative proceedings Equilibrium<\/a><\/strong> In Riyadh, the most frequently asked questions remain the simplest: Have prices risen or fallen? This is a valid question, but in my opinion it is no longer sufficient to understand what is happening in the Riyadh market. The real estate balance is not a single decision to reduce prices; it is a set of measures aimed at increasing the supply, stimulating the use of land and its development, and regulating the rental market, leading to a more balanced market between the ability of citizens to own and live in housing, the economic viability of the owner, developer, and investor, and the continued economic viability of the market.
But more important than just following the price movement is the question of how these changes affect the parties involved in the market. Has getting the right housing become easier?<\/p>\n\n\n\n

Lower prices do not mean easy ownership<\/strong>
In my opinion, the success of the real estate market should not be measured solely by its price fluctuations; the real ability to own a home is linked to the price of housing, family income, the cost of financing, the size of the monthly payment, and the availability of the appropriate product.
The price of real estate may decrease, but if the cost of financing remains high compared to the family\u2019s income, access to it will not necessarily become easy. In contrast, an increase in supply and a stable rental market can give families broader options and greater ability to plan financially.
From this perspective, stopping the annual increase in rents within the urban area of Riyadh for five years gives the tenant greater stability in their monthly payment, even if this does not directly lead to a decrease in the cost of ownership.<\/p>\n\n\n\n

The owner: Return is more important than the price memory<\/strong>
As for the owner, the challenge is not limited to the value of the property; the increase in rental revenue is systematically restricted, while operating costs, maintenance, and financing are not necessarily fixed. This makes the net return and optimal use of the asset more important than relying on a historical price reached by the property in a previous cycle.
The question is no longer just: how much has the price of my property increased? But: how much is it generating in return? Is the current use of it optimal? Can it be developed or improved to generate a better return?<\/p>\n\n\n\n

From land ownership to the production of value<\/strong>
Here I see the most important transformation that deserves to be followed in the coming years. The balance measures did not only provide land to citizens; they also included lifting the suspension on large areas of land, amending the system for white land fees, regulating the rental market, and monitoring prices, in addition to providing between 10,000 and 40,000 housing plots annually over five years, at a price not exceeding 1,500 riyals per square meter for beneficiaries in accordance with the approved regulations.
With the increase in supply, the development of market regulation tools, and the stimulation of the development of undeveloped land, I believe that we may be witnessing a gradual transformation in the way real estate wealth is created itself.
In previous cycles, it was possible to achieve significant value from buying land, holding it, and waiting for it to appreciate. In the upcoming market, value will be more tied to what the investor can add to the land: developing it, improving its use, taking advantage of available density and requirements, and producing housing units, commercial projects, or income-generating assets that are managed efficiently.<\/p>\n\n\n\n

This does not mean that investment in land has ended; the land will remain strategically important, especially in prime locations and major development opportunities.
But the difference in the future may be between those who only own the land and those who know what to do with it.
This is the transition I see from \u00abreal estate trading\u00bb to \u00abthe real estate value industry.\u00bb.<\/p>\n\n\n\n

When will prices reach their true value?<\/strong>
I don't believe that real estate has a single history or number; real estate is not a homogeneous real estate market.
In housing, value is linked to purchasing power, financing costs, and the product that the citizen needs. In investment, it is governed by return and cash flows. As for land, its value is increasingly determined by its location, uses, density, the cost of development, and the demand for the final product. Therefore, some products and locations may reach equilibrium before others.
One year is not enough to make a final judgment on procedures whose effects extend for years, but it is enough to send a signal that marks the beginning of a change in the rules of the game.<\/p>\n\n\n\n

The most mature market is not the one where all prices fall, nor is it the one where all properties rise indiscriminately; rather, it is the market that rewards good quality assets, good location, good development, and real returns.
And anyone who understands this shift early will not be asked only: When will the property rise or fall?
But the more important question will be asked:
Where will real real estate value be created in the upcoming Riyadh market?
Real estate consultant<\/p>\n\n\n\n

<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 3<\/span> Minutes<\/span><\/span>Almost a year after the start of real estate balancing procedures in Riyadh, the most frequently asked questions remain the simplest: Have prices risen or fallen? This is a legitimate question, but in my estimation, it is no longer sufficient to understand what is happening in the Riyadh market. Real estate balancing is not a single decision to lower prices, but rather a set of measures aimed at increasing supply and encouraging land use... 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