Saudi Arabia’s house prices are growing fast, in Riyadh and Jeddah among other Saudi cities.
But what real estate website should you visit?
- aqar.fm (available in arabic only, 1.5 million visits per month)
- sakani.sa (available in arabic and english, 1.7 million visits per month)
- bayut.sa (available in english, 730K visits per month)
- propertyfinder.sa (available in english, 200K visits per month)
Note: this ranking is the result of online searches, coupled with traffic estimates (semrush).
Real Estate Prices in Saudi Arabia – is it a good time to buy real estate?
Over the past 5 years, real estate prices have been very stable in Saudi Arabia. However, the country is now investing billions s to develop its tourism sector, transform its economy, and build its post-oil future.
According to local experts : “The presence of 15 mega-projects, including NEOM, is set to further drive demand and increase property prices, particularly in suburban areas like Oxagon, Sindalah, Trojena, and The Line, as they strive to offer luxury living standards.”
To conclude, now might be a great time to buy if we consider that Saudi Arabia is likely to gain importance.
Saudi Arabia Vs UAE: the Battle to become the Middle East’s economic superpower
While the United Arab Emirates has long been the economic jewel of the Middle East, it is clear that Saudi Arabia is becoming an economic superpower.
One clear measurement: GDP growth (at purchasing power parity).
Saudi Arabia was the world’s fastest-growing major economy in 2022, outperforming the dynamic Asian giants of China, India, Indonesia and South Korea, as well as the struggling G7 and other major emerging economies.
