Al Majdiah expects Saudi property demand to improve as unsold stock hits 8.6bn riyals.

Most demanded products in Saudi Arabia sit in focus after Argaam’s Arabic report that Al Majdiah links demand recovery to steadier geopolitics and an unsold book of 8.6 billion riyals.

ByOmnia DeskThe Omnia Markets news desk2 min read1 source

Al Majdiah 174, Saudi Arabia. From the Omnia catalogue

Argaam carried an Arabic company line on 12 November 2026 in which Al Majdiah said it expects Saudi property demand to improve once geopolitical conditions stabilise. The same report stated that the developer’s portfolio of unsold projects stands at 8.6 billion riyals.

The Argaam account did not break the 8.6 billion riyals figure down by city, scheme or unit type, and it offered no competing valuation from another publisher or a second company statement on the size of the book.

What remains unknown is how much of that book is already marketed, how much sits off-plan under escrow rules, and whether any portion is completed stock awaiting sale.

From the JournalCar makers, jewellers and hotels that put their names on homes.

Our take

Omnia Desk

An 8.6bn unsold book is choice and leverage, not a freehold price reset.

Al Majdiah’s own demand comment is a market signal, not a rewrite of list prices. For a foreign buyer the useful fact is the scale of unsold inventory at a named developer we already track: large unfinished books can mean more unit choice and room to negotiate terms, while freehold maps and published bands still decide what you can hold.

That sits beside what our Riyadh off-plan apartment prices report already showed on Al Majdiah lists: 1,786 homes analysed, 67% sold or booked on 1 October 2026, and a median two-bedroom at SAR 1,219,000. Schemes we place such as Al Majdiah 174 and Adeem Alfursan remain Wafi off-plan stock with escrow; the buyer check is still stage terms, title path and the live price list, not the headline recovery line.

We list 18 Al Majdiah developments in catalogue. Treat the 8.6 billion riyals print as a supply flag on that name, then verify which phases are actually available and whether asking prices have shifted since the October lists.