Saudi Arabia’s real estate prices rose 1.2 percent in the third quarter from a year earlier, as gains in residential land and apartment prices offset a steep decline in villa values, official data showed.
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Minister of Tourism and Chairman of the Board of Directors of the Saudi Tourism Authority (STA) Ahmed Al-Khateeb inaugurated the Saudi Land pavilion at World Travel Market (WTM) London 2026 on Tuesday.
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Jabal Omar, one of the largest Saudi developers in Mecca, said hotel revenues jumped in the first nine months of 2026. The result was driven by additional rooms and higher rates in the holy city, even as the company’s overall profit fell sharply.
