Riyadh Metro spurs residential property boom: Knight Frank
RIYADH: The opening of the Riyadh Metro has transformed the Saudi capital’s housing market, with villa prices near stations jumping as much as 78 percent since 2023, according to a new report.
An analysis by Knight Frank found that apartment prices increase by about SR96 ($25.60) per sq. meter for every 500 meters closer to a metro station.
The report, titled “The Value of Access: Measuring the Impact of Riyadh Metro on Real Estate,” underscores how improved transport connectivity is fueling demand in a city undergoing rapid transformation under Vision 2030.
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