Saudi Arabia’s real estate market recorded strong performance in the second quarter of 2025, driven by robust housing and commercial deals and improved mortgage indicators, the General Real Estate Authority said.
Total transactions reached 135.5 billion riyals, covering residential, commercial and agricultural properties.
Housing dominated with 62,488 deals worth 71.8 billion riyals, reflecting sustained demand supported by financing programs. Commercial deals totaled 63.7 billion riyals across 4,454 transactions, while agricultural deals reached 3.3 billion riyals.
The report noted 48 new licenses for off‑plan projects, though available units fell 41% from a year earlier.
Residential mortgage lending rose 3.7% year‑on‑year to 19.6 billion riyals.
Loans from finance companies grew 3.2%, underscoring their expanding role. Overall real estate loans stood at 961.4 billion riyals, with bank lending up 14.5% from Q2 2024.
The sector contributed 13.8% to GDP in the quarter, with output up 3.3% year‑on‑year.
Real estate and construction accounted for 25.5% of non‑oil private sector activity.
Officials said the outlook remains positive, supported by strong demand, expanded financing and regulatory improvements, in line with Vision 2030 goals.