Property Prices in Mecca, Saudi Arabia

Index Info
Price to Income Ratio: 4.09
Mortgage as Percentage of Income: 33.75%
Loan Affordability Index: 2.96
Price to Rent Ratio - City Centre: 23.33
Price to Rent Ratio - Outside of Centre: 13.21
Gross Rental Yield (City Centre): 4.29%
Gross Rental Yield (Outside of Centre): 7.57%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 883.33 ﷼ 600.00-1,100.00
Apartment (1 bedroom) Outside of Centre 1,157.60 ﷼ 588.00-5,635.82
Apartment (3 bedrooms) in City Centre 2,461.52 ﷼ 1,300.00-11,271.64
Apartment (3 bedrooms) Outside of Centre 3,698.26 ﷼ 900.00-9,393.04
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 520.79 ﷼ 353.03-806.99
Price per Square Feet to Buy Apartment Outside of Centre 418.12 ﷼ 215.11-806.99
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 6,179.84 ﷼
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.50 4.00-7.00

These data are based on 45 entries in the past 18 months from 9 different contributors.
Last update: January 2025

Sources and References
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1 Comments so far
Nurdian on Nov 23, 2024:
Assalamualaikum warahmatullahi wabarakaatuh.
I wish to purchase a few apartments and a landed building. The premises must be a walking distance to Kaabatullah
Please send me your quotation.
Wassalamu.