Saudi Arabia’s property market recorded strong growth in the first quarter, with transaction values reaching around $30 billion, highlighting continued momentum in the sector despite broader global uncertainty.
According to market data, total real estate transactions stood at approximately SR112 billion ($29.85 billion) in Q1, marking an increase of about 6.8% year-on-year.
The performance was driven by sustained demand across residential and commercial segments, supported by government-led economic reforms and large-scale development projects linked to Saudi Vision 2030.
Riyadh remained the key growth engine, benefiting from rising corporate relocation, infrastructure expansion, and strong housing demand. At the same time, other major cities such as Jeddah also saw increased transaction volumes, while some regions experienced more moderate price movements.
Analysts say the market continues to be supported by structural factors, including population growth, mortgage expansion, and long-term giga-project investments. However, they also note that future performance will depend on interest rate trends and oil price stability, which can influence public spending and liquidity in the sector.
Overall, the Q1 results confirm that Saudi Arabia’s real estate market remains one of the most dynamic in the region, with strong investor interest and a growing role in the country’s broader economic transformation.
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