Price/Rent Ratio in Saudi Arabia compared to Middle East
This price-to-rent ratio helps assess whether it is more cost-effective to buy or rent a home in a given market. A high price-to-rent ratio suggests that buying a property is more expensive relative to renting, whereas a low ratio indicates that buying may be more favorable than renting.
- Price-to-Rent Ratio below 16: It's generally cheaper to buy a home than to rent.
- Price-to-Rent Ratio between 17 and 20: The cost of buying and renting is roughly comparable.
- Price-to-Rent Ratio above 21: It's generally cheaper to rent than to buy.
Last updated June, 2024
| Israel, Tel Aviv |
36 yrs
|
| Tunisia, Tunis |
19 yrs
|
| United Arab Emirates, Dubai |
19 yrs
|
| Qatar, Doha |
18 yrs
|
| Egypt, Cairo |
17 yrs
|
| Turkey, Istanbul |
14 yrs
|
| Morocco, Casablanca |
13 yrs
|
Saudi Arabia does not publish house price statistics. General statistics data are available from the Saudi Arabian Monetary Agency.