Recently, a news spread rapidly on social media that real estate prices in Jeddah have increased. 58% There has been a huge decline till. However, official data and market reports do not corroborate this claim. The reality is that the Mecca region, which includes Jeddah, is first quarter 2026 In prices only 0.7% A slight decline has been observed.
Reality of real estate market
According to government data, there is little downward trend in real estate prices in Saudi Arabia. The real estate price index across the country has increased only as compared to last year. 1.6% There has been a decrease. In this residential area 3.6% A decline of Rs. 100 crore was recorded, in which land prices 3.9%in the apartment 1.1% and villa prices 6.1% lack of.
Prices have increased in Jeddah
market experts and Knight Frank According to the report, the situation in Jeddah is completely different from the claims. june 2026 By mid-2010, prices of residential properties in Jeddah 1% to 3% While the prices of good apartments have seen an increase of up to Rs. 3% to 5% Have increased till. Experts believe that the decline in transactions in Saudi Arabia is due to pressure on people’s purchasing power and mortgage demand, and not due to any major fall in prices.
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