Saudi Arabia House Prices, Rents & Rental Yields (2026)
How much property costs in Saudi Arabia, what it rents for and how that compares with neighbouring markets in Western Asia. City-centre prices per m² rank 6 of 10 in this comparison; gross yields rank 3 of 10.
- Apartment price per m² (city centre)
- $1,701
- 2023
- Apartment price per m² (outside centre)
- $1,113
- 2023
- Gross rental yield (city centre)
- 6.7%
- 2024
- Price-to-income ratio
- 3.2
- 2024
- Rent: 1-bedroom, city centre
- $655/mo
- 2023
- Mortgage interest rate (20-year fixed)
- 5.3%
- 2023
Price and rent trends in Saudi Arabia
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $1,701 | 2023 | +0.6% vs 2022 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $1,113 | 2023 | -7.3% vs 2022 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 3.2 | 2024 | +6.7% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 6.7% | 2024 | -0.2 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 14.9 | 2024 | +2.8% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $655/mo | 2023 | +27.5% vs 2022 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $451/mo | 2023 | +16.4% vs 2022 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $1,004/mo | 2023 | +15.9% vs 2022 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $654/mo | 2023 | -1.9% vs 2022 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 5.3% | 2023 | +1.2 pp vs 2022 | Numbeo |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 3.2 | 6.7% | 14.9 | — | — | — | — | — |
| 2023 | $1,701 | $1,113 | 3 | 6.9% | 14.5 | $655/mo | $451/mo | $1,004/mo | $654/mo | 5.3% |
| 2022 | $1,691 | $1,200 | 2.8 | 7.3% | 13.8 | $514/mo | $388/mo | $867/mo | $666/mo | 4.1% |
| 2021 | $1,309 | $921 | 2.6 | 8.1% | 12.4 | $453/mo | $273/mo | $717/mo | $489/mo | 4.0% |
| 2020 | $984 | $806 | 2.8 | 7.2% | 13.8 | $409/mo | $280/mo | $720/mo | $526/mo | 4.0% |
| 2019 | $977 | $664 | 2.9 | 6.8% | 14.7 | $383/mo | $279/mo | $659/mo | $486/mo | 4.8% |
| 2018 | $1,230 | $817 | 2.8 | 7.8% | 12.8 | $391/mo | $281/mo | $714/mo | $513/mo | 4.3% |
| 2017 | $1,049 | $756 | 2.8 | 7.3% | 13.7 | $449/mo | $314/mo | $793/mo | $551/mo | 3.4% |
Saudi Arabia compared with Western Asia
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Saudi Arabia | $1,701 | 6.7% | 3.2 | 5.3% |
| Armenia | $3,156 | 6.3% | 17 | 13.8% |
| Azerbaijan | $1,700 | 5.3% | 14.4 | 9.1% |
| Cyprus | $3,682 | 6.9% | 8.1 | 4.3% |
| Georgia | $1,577 | 8.5% | 13 | 11.8% |
| Iraq | $1,202 | 6.4% | 8 | — |
| Israel | $12,224 | 3.2% | 14.2 | 5.1% |
| Jordan | $903 | 5.7% | 7.5 | 8.0% |
| Kuwait | $6,239 | 3.5% | 7.7 | — |
| Lebanon | $3,450 | 4.8% | 27.4 | — |
Related
- Properties for sale in Saudi Arabia (26,467)
- Mortgages in Saudi Arabia for foreigners
- Saudi Arabia market overview
- Tax rates in Saudi Arabia
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.