Saudi Arabia real estate market — prices, rental yield and trend

• Average price: $2,336 / m²
• Gross rental yield: 6.29%
• 12-month price change (USD): 2.6%
• Net rental yield: 5.98%
• Transaction cost: 9%
• Price basis: national average

Residential property in Saudi Arabia averages $2,336 per square metre. In dollar terms the market has barely moved over the last twelve months (+2.6%). That makes it the 215th most expensive of the 264 markets in the set.

What a buyer pays in Saudi Arabia

The $2,336 figure is a national average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 9% of the price here. On a 100 m² apartment at the average price that is roughly $21,024 on top of the $233,600 purchase price. That is close to the 9.5% median across the set.

What it earns

A square metre lets for about $12.2 a month. Against a purchase price of $2,336 per square metre that is 6.3% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 72nd of 311 markets by gross yield. Rental income is taxed at 5–20% — the rate is not a single number here. That is the difference between 5% and 6% net on the same property. The 6% net figure we publish uses 5%.

How the tax works. 5%: Saudi Arabia has no personal income tax, and for a non-resident without a permanent establishment rent is subject to a 5% withholding on the gross amount (Income Tax Law art. 68(a)(3)) — not the 20% that applies to management fees. The upper end of 20% covers property held through a local company, or an owner that ZATCA treats as having a permanent establishment. Direct foreign ownership has been permitted since 21 January 2026. Confidence is low: the collection mechanism and the permanent-establishment risk are not settled. The 5% real-estate transaction tax is a sales tax and is not included. Source: ClearTax KSA / KPMG.

Who can buy in Saudi Arabia

Opening from 2026, designated zones only; Mecca and Medina excluded. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Saudi Arabia is built from asking prices from listings. It was last refreshed on 2026-10-12. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: arabnews.com · globalpropertyguide.com · numbeo.com. Snapshot: 2026-10-12.