The Saudi Arabian government, under the direction of Crown Prince Mohammed bin Salman, has introduced new rent regulations in Riyadh, designed to stabilize the property market. These regulations stipulate a five-year rent freeze for both residential and commercial properties. The aim is to ensure a fairer and more transparent property market within the capital. This policy will directly affect the large expat population residing in Riyadh, many of whom rent accommodation or operate businesses on leased land. A significant number of Indian nationals live and work in Saudi Arabia.
The General Real Estate Authority stated that the new regulations seek to curb rising housing and commercial rents, fostering a more balanced, transparent, and equitable market. The law addresses rent control, lease renewals, and property registration.
The new law was implemented on September 25, 2025. Landlords in Riyadh will be unable to increase existing or new rents for the subsequent five years. The rent for vacant properties is set to match the previous lease value. For properties leased for the first time, the rent will be agreed upon by the landlord and tenant.