Cavendish Maxwell

Ronan Arthur, director and head of residential valuation at Cavendish Maxwell, said the latest figures reflect a market transitioning into a more mature stage

A Cavendish Maxwell study found that off-plan sales continue to dominate the market, accounting for 85 per cent of residential transactions and generating Dhs11.2bn in sales during 2025

Average daily room rates (ADR) across Saudi Arabia stood at SAR662 in January, up nearly 5 per cent from the previous year

Average occupancy climbed 13.6 per cent to almost 57 per cent, while average room rates rose 4.7 per cent to just under OMR49 ($127)

The report shows that apartment and villa prices rose across Riyadh, Jeddah and Dammam during Q3, with the strongest increases recorded in the capital

Sales activity strengthened in the third quarter, with more than 6,400 residential transactions recorded across apartments, villas and townhouses, led by off-plan deals

Occupancy rose across all segments, with upscale hotels recording the highest increase at 5.5 per cent

According to a report by leading real estate advisory group, Cavendish Maxwell, in 2024, the emirate added 4,255 rooms across 19 new hotels, marking a 2.9 per cent increase in its hospitality sector