The Saudi national real estate price index closed Q4 2024 at 103.5 points, maintaining its position above the 100 baseline for the eighth consecutive quarter.
The Saudi national real estate price index closed Q4 2024 at 103.5 points, maintaining its position above the 100-point baseline for the eighth consecutive quarter. The commercial segment demonstrated particular resilience, holding steady while the residential segment showed modest cooling in secondary markets. Riyadh retained its status as the highest-volume market nationally, accounting for 38% of total transaction value. The index trajectory from Q1 2022 to Q4 2024 reflects a 6.5% cumulative appreciation — moderate by historical standards but notable given the macroeconomic backdrop of global rate tightening. NOA Research anticipates the index to test the 106-point level by Q2 2025 if current absorption rates in the office and land segments persist.
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