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The value of real estate rental deals in the Asir region in Saudi Arabia amounted to 2.64 billion riyals during the first nine months of 2026, through the implementation of 161,954 deals, with an average of 16,279 riyals for the deal, while the third quarter recorded the highest activity in terms of the number of deals, with the value of rental transactions increasing by 39.6% compared to the second quarter.
Third quarter records SAR 963 million
Asir recorded real estate rental deals worth 963 million riyals during the third quarter of 2026, compared to 689.73 million riyals in the second quarter, an increase of 39.6%, while the value remained below the level of the first quarter of 983.67 million riyals.
In terms of the number of deals, rental transactions rose to 59,898 in the third quarter, compared to 51,066 deals in the second quarter, a growth of 17.3%, compared to 50,990 deals in the first quarter.
The third quarter accounted for about 37 percent of the total number of lease deals recorded in Asir during the first nine months of the year.
Average rental deal drops to 15,536 SAR in September
The data showed that the average value of the real estate lease deal in the Asir region decreased to 15,536 riyals during September 2026, compared to about 19,457 riyals in January, a decline of 20.2%.
The average also fell by 1.7% compared to August, which recorded 15,798 riyals, while it reached 17,025 riyals in July.
February had the highest monthly average since the beginning of the year at 19,683 riyals, before falling to 18,412 riyals in March and 16,157 riyals in April, reaching the lowest level in May at 10,833 riyals.
The average rose back to 13,796 riyals in June, followed by 17,025 riyals in July, before falling again in August and September.
The number of deals has increased despite the decline in their average value
Rental market data in the Asir region reveals an increase in activity during the third quarter, which recorded the largest number of deals since the beginning of 2026, in conjunction with a recovery in total value compared to the second quarter.
In contrast, the average value of the September lease deal remained about 20% lower than in January, indicating a change in the average value of registered contracts, without necessarily implying lower rental prices for similar properties due to the different types, locations and duration of their contracts.
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