The real estate market in Riyadh is currently booming, driven by strong demand in both residential and commercial sectors. The city has seen a substantial increase in real estate transactions, with residential sales growing by 77% in the first quarter of 2024 alone​

Demand for housing, particularly apartments and villas, is rising faster than supply, which has led to an annual increase of 8.4% in apartment prices​

Several factors are fueling this growth, including a rising population, significant employment opportunities, and the government's ongoing efforts to increase homeownership under Vision 2030. Authorities are aiming to raise the national homeownership rate to 70%, with current figures already between 62% and 65%​

 As a result, areas such as Hittin and Al-Malqa are seeing high-value residential properties​

Moreover, commercial real estate is thriving, with both local and international companies making significant investments in prime office spaces, especially in the King Abdullah Financial District​

These trends indicate that Riyadh remains a key hub for real estate investment in Saudi Arabia.