RIYADH — Saudi Arabia’s real estate prices increased by 1.2 percent year-on-year in Q3 of 2026, driven by higher residential and agricultural property prices, according to the General Authority for Statistics (GASTAT). The authority’s Real Estate Price Index (REPI) report showed that residential property prices rose by 2.3 percent, while agricultural property prices increased by 3.9 percent compared with the same quarter in 2025. Meanwhile, commercial property prices declined by 2 percent on an annual basis. Within the residential sector, prices of residential land plots increased by 4.9 percent, followed by apartment prices at 1.7 percent and residential floor units at 0.8 percent. In contrast, villa prices declined by 7.7 percent compared with the third quarter of 2025. In the commercial sector, prices of commercial land plots decreased by 2.1 percent, while building prices fell by 1.4 percent and showroom and retail shop prices declined by 0.9 percent. Agricultural property prices increased by 3.9 percent, driven by a corresponding rise in agricultural land prices. On a quarterly basis, Saudi Arabia’s overall real estate price index declined by 1.2 percent in Q3 2026 compared with the second quarter of the year. The quarterly decline was influenced by a 1.5 percent decrease in residential property prices, including a 2.1 percent drop in residential land prices, a 0.5 percent decline in apartment prices and a 0.4 percent decrease in villa prices. Meanwhile, residential floor unit prices increased by 1 percent quarter-on-quarter. Commercial property prices fell by 0.3 percent compared with the previous quarter, while agricultural property prices increased by 0.2 percent. Regionally, the Northern Borders recorded the highest annual increase in real estate prices at 12 percent, followed by Riyadh at 4.6 percent and Madinah at 0.3 percent. In contrast, Asir recorded the largest annual decline at 4.3 percent, followed by Hail at 3.8 percent, the Eastern Province at 3.7 percent and Al-Jouf at 2.8 percent. According to GASTAT, the Real Estate Price Index measures changes in property prices across Saudi Arabia using real estate transaction data. The authority said its updated methodology, developed in cooperation with the Real Estate General Authority, Ministry of Justice and Saudi Central Bank, incorporates geospatial artificial intelligence and satellite imagery to improve property classification and data quality.