Real estate rental prices - Khaled Al-Mobaid, CEO of Manassat Real Estate Company, revealed the most prominent advantages of imposing fees on... Real estate Vacant, unleased properties, with residential property prices rising by 5.1% and commercial property prices by 2.5% during the recent period.
Property rental prices
In statements to Al-Ekhbariya channel, Al-Mobaid explained that a large number of investors own unrented residential or commercial units, which leads to the disruption of these properties and creates a clear imbalance in supply and demand, leading to a significant increase in rental prices.
Incentive to put units on the market
He pointed out that imposing fees on vacant units will provide a strong incentive for owners to offer them on the market, contributing to an increase in the number of units available for leasing, whether residential or commercial.
Changing landlord behavior and curbing price increases
Al-Mobaid stressed that this step would contribute to changing the behavior of property owners towards tenants, in addition to its role in limiting the rise in rental prices, thus enhancing stability. Real estate market It increases the balance between supply and demand.
Residential property prices rose by 5.1% and commercial property prices by 2.5%.
Khaled Al-Mobaid, CEO of Manassat Real Estate Company: Imposing fees on vacant, unrented properties will encourage owners to put them on the market, which will help curb rising rents and change landlords' behavior toward tenants.#Saudi_markets | #الإخبارية pic.twitter.com/FlhLk0KVbp
— Al-Ekhbariya - Economy (@alekhbariyaECO) August 24, 2025
