Property Prices in Medina, Saudi Arabia

Index Info
Price to Income Ratio: 7.79
Mortgage as Percentage of Income: 51.82%
Loan Affordability Index: 1.93
Price to Rent Ratio - City Centre: 44.92
Price to Rent Ratio - Outside of Centre: 12.38
Gross Rental Yield (City Centre): 2.23%
Gross Rental Yield (Outside of Centre): 8.08%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 1,407.52 ﷼ 800.00-3,000.00
Apartment (1 bedroom) Outside of Centre 2,100.00 ﷼ 800.00-4,500.00
Apartment (3 bedrooms) in City Centre 2,685.92 ﷼ 2,000.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 1,550.00 ﷼ 1,400.00-5,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 1,316.12 ﷼ 557.41-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 387.09 ﷼ 371.61-464.51
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,886.12 ﷼
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.00 3.00-3.00

These data are based on 48 entries in the past 18 months from 11 different contributors.
Last update: November 2024

Sources and References
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2 Comments so far
Luqman mallu on Jun 03, 2021:
I am a muslim living in the UK, I want to know if I can move do hijrah to medina saudi arabia and live there? And want to know how much are house prices for 2 bedroom and 3 bedroom houses, jazakallah
Muhammad imran on Sep 11, 2020:
Sir I want to shift in madinah for living purpose with my faimly