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Saudi Arabia freezes rent increases in Riyadh for 5 years
| ''"'''"''"''''"'' | 09/25/25 |
| ''"'''"''"''''"'' | 09/25/25 |
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Date: September 25th, 2025 1:02 PM Author: ''"'''"''"''''"'' Good idea?
https://saudigazette.com.sa/article/655270 |
Date: September 25th, 2025 1:03 PM Author: ''"'''"''"''''"'' RIYADH — Saudi Arabia has introduced sweeping new regulations for Riyadh’s rental market, freezing rent increases for both residential and commercial properties for the next five years in a bid to stabilize housing costs and ensure fairness between landlords and tenants.
The measures, approved by the Council of Ministers and enacted through a royal decree, follow directives from Crown Prince and Prime Minister Mohammed bin Salman, who earlier ordered reforms to address sharp rent hikes in the capital.
Under the new rules, which took effect on Thursday, September 25, 2025, the total rental value of properties—whether in existing or new contracts—cannot be increased for five years within Riyadh’s urban boundary. The same framework could be extended to other cities and governorates if deemed necessary by the Real Estate General Authority with the approval of the Council of Economic and Development Affairs. |