Riyadh, Saudi Arabia
Property prices · 2024 · Middle East
Property price trend in Riyadh (2024–2026)
Property comparison — cities in Saudi Arabia (2024)
Other Middle East cities (2024)
Frequently asked questions
How much does property cost in Riyadh in 2024?
In Riyadh, the average price per sqm in the city centre is SAR 8,500, and SAR 5,200 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Riyadh in 2024?
A 1-bedroom apartment in Riyadh rents for approximately SAR 3,500 per month in 2024. A 3-bedroom apartment costs around SAR 6,500/month.
Is it better to buy or rent in Riyadh?
Buying may offer better long-term value in Riyadh. The price-to-rent ratio is 14.0x — it would take approximately 14.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 5.20%.
What are mortgage rates in Saudi Arabia in 2024?
The average mortgage rate in Saudi Arabia is approximately 5.20% as of 2024. With a price-to-rent ratio of 14.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Riyadh?
The average property price per square metre in Riyadh city centre is SAR 8,500 in 2024. Outside the centre, expect to pay around SAR 5,200/sqm.