Jeddah, Saudi Arabia
Property prices · 2024 · Middle East
Property price trend in Jeddah (2024–2026)
Property comparison — cities in Saudi Arabia (2024)
Other Middle East cities (2024)
Frequently asked questions
How much does property cost in Jeddah in 2024?
In Jeddah, the average price per sqm in the city centre is SAR 6,800, and SAR 4,500 outside the centre (2024 data). Prices have risen 7.5% since 2024.
How much is rent in Jeddah in 2024?
A 1-bedroom apartment in Jeddah rents for approximately SAR 3,500 per month in 2024. A 3-bedroom apartment costs around SAR 5,600/month.
Is it better to buy or rent in Jeddah?
Buying may offer better long-term value in Jeddah. The price-to-rent ratio is 10.0x — it would take approximately 10.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 5.50%.
What are mortgage rates in Saudi Arabia in 2024?
The average mortgage rate in Saudi Arabia is approximately 5.50% as of 2024. With a price-to-rent ratio of 10.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Jeddah?
The average property price per square metre in Jeddah city centre is SAR 6,800 in 2024. Outside the centre, expect to pay around SAR 4,500/sqm.