Saudi Arabia's real estate sector generated 112 billion riyals ($29.9 billion) in transactions during the first quarter of 2026, a 6.8% increase year-over-year, despite downward revisions to national GDP growth forecasts. The office market in Riyadh remains robust with 97.7% occupancy rates, but residential sales have weakened—dropping 4.5% in value—while rental contracts jumped 37% in February, reflecting growing demand from international companies establishing headquarters in the kingdom.