Property Prices in Riyadh, Saudi Arabia

Index Info
Price to Income Ratio: 3.19
Mortgage as Percentage of Income: 25.61%
Loan Affordability Index: 3.90
Price to Rent Ratio - City Centre: 7.75
Price to Rent Ratio - Outside of Centre: 7.58
Gross Rental Yield (City Centre): 12.91%
Gross Rental Yield (Outside of Centre): 13.20%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 4,793.98 ﷼ 2,500.00-10,000.00
Apartment (1 bedroom) Outside of Centre 3,335.00 ﷼ 1,800.00-10,000.00
Apartment (3 bedrooms) in City Centre 7,769.57 ﷼ 4,200.00-15,000.00
Apartment (3 bedrooms) Outside of Centre 4,404.59 ﷼ 2,000.00-13,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 718.93 ﷼ 464.51-1,099.99
Price per Square Feet to Buy Apartment Outside of Centre 450.91 ﷼ 284.06-854.70
Salaries And Financing
Average Monthly Net Salary (After Tax) 9,856.04 ﷼
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.15 3.00-8.00

These data are based on 290 entries in the past 18 months from 51 different contributors.
Last update: February 2024

Sources and References
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1 Comments so far
ALharethy on Sep 19, 2022:
Please note that these prices are approximate, no more, and you can check with more than one source, such as searching through YouTube, people's experiences, and through hotel booking sites, housing prices. If you can save about $3,000 per month, you can cover the expenses of you and your wife only in a way that is close to luxury.