RIYADH: Saudi Arabia’s residential real estate sector is demonstrating increased maturity and resilience, driven by evolving end-user preferences and government-led initiatives, a new JLL report said.
The latest market dynamics report for the second quarter of 2025 from the real estate consultancy revealed a nuanced yet dynamic landscape across key urban centers, with Riyadh and Jeddah poised to add 27,540 new residential units by the end of the year.
This comes as the Kingdom’s real estate market maintained steady growth in the second quarter, with overall property prices rising 3.2 percent year on year, and residential property costs recorded a 0.4 percent increase, according to data from the General Authority for Statistics.
“The Saudi Arabian residential market is maturing, reflecting a dynamic landscape driven by the Kingdom’s broader objectives to meet end-user needs,” said Saud Al-Sulaimani, country lead and head of capital markets at JLL Saudi Arabia.
“While ongoing government initiatives have led to strong underlying demand, the sector is poised for further evolution and diversification, catalyzed by the upcoming foreign ownership law to be implemented in January 2026,” he added.
