Property for sale in Riyadh

Real estate prices in Riyadh have increased by 40 to 90 percent in recent months, but analysts said property prices in the Kingdom were still the lowest compared to neighboring GCC countries. Get more information on property for sale in Saudi Arabia.

The analysts attributed the increase in prices to growing demand for real estate following repatriation of Saudi funds from abroad. Many Saudis favor real estate being a secure investment.

Views on the Riyadh real estate :

The price for a square-meter of land in the capital ranges between SR400 and SR4,000 while building costs range between SR1,000 and SR2,500 per square meter. Many Saudis have shown interest in buying properties in Riyadh lately following recurrent fluctuations in the Saudi stock market.

There are growing prospects for investment in properties in Riyadh as 70 percent of Saudis living in the city still do not own a house, this situation will increase demand for real estate for building houses.

Prices of properties in some areas of Riyadh have increased by 90 percent. But the increase in real estate prices could be found all over the Kingdom, not in Riyadh alone. The hike in real estate prices has also reflected in rents for offices in Riyadh and other parts of the country.