Land Prices in Saudi Arabia: 2024 Overview
Saudi Arabia Land Costs by Region and Use
Land prices vary enormously by city, district, and zoning. All figures approximate (SAR/m²); 1 USD ≈ 3.75 SAR.
Residential Land
| City / Area | Prime (SAR/m²) | Average (SAR/m²) | Affordable (SAR/m²) |
|---|
| Riyadh (Olaya, Sulaimaniyah) | 3,000–5,000+ | 1,500–2,500 | 500–1,000 |
| Jeddah (Corniche, Al-Balad) | 2,500–4,500 | 1,200–2,000 | 400–800 |
| Dammam/Khobar (Half Moon) | 2,000–3,500 | 1,000–1,800 | 300–700 |
| Secondary Cities (Medina, Tabuk, Abha, Qassim) | 800–1,500 | 400–800 | 150–300 |
| Rural / Village | – | 50–200 | 20–100 |
Commercial Land
- Prime Riyadh (King Fahd Rd, Olaya): 10,000–25,000+ SAR/m².
- Jeddah Commercial (Tahlia, Andalus): 8,000–18,000 SAR/m².
- Industrial Zones (Modon cities): 200–800 SAR/m² (leased long-term).
Agricultural Land
- High-value (Qassim, Tabuk, Al-Ahsa – water access): 200–800 SAR/m².
- Rain-fed / marginal: 20–100 SAR/m².
- Note: Foreign ownership restricted; Saudis/GCC only typically.
Key Price Drivers
- Vision 2030 megaprojects: NEOM, Red Sea, Qiddiya, Roshn – spike surrounding land.
- Mortgage Law (2012): Enabled financing → price appreciation.
- White Land Tax (2016): 2.5% on vacant urban land >10k m² – incentivizes development.
- Infrastructure: Metro (Riyadh), highways, airports.
- Zoning changes: Residential → commercial = windfall.
Buying Process
- Verify title (صك) at Ministry of Justice / Najiz.sa.
- Check zoning (MOMRAH) – residential, commercial, agricultural.
- Survey boundaries (licensed surveyor).
- Notarize sale contract ( كاتب عدل).
- Register transfer (Ministry of Justice).
- Pay 5% RET (Real Estate Transaction Tax) – buyer typically.
Always engage a licensed Saudi real estate agent and lawyer. Prices fluctuate; verify current market.
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