Is it profitable to do Airbnb in Riyadh, Saudi Arabia?
What is the occupancy rate of Airbnb in Riyadh, Saudi Arabia?
What is the average daily rate of Airbnb in Riyadh, Saudi Arabia?
Saudi Arabia / Riyadh
Riyadh, Airbnb Market Statistics & Data, Saudi Arabia
A typical short-term rental listing in Riyadh is booked for 146 nights a year, with a median occupancy rate of 40% and an average daily rate of SAR313. In 2023, a typical host income (annual revenue) was SAR46K. As of 12th September, 2024, there are 10,215 active Airbnb listings.
Average Revenue: SAR46K/yr
Occupancy Rate
40%
Avg Daily Rate
SAR313
Budget
No. of Listings
12,076
Big
YoY Revenue Change
-21.9%
Best Month
February
** Period: 2023 Aug - 2024 July | Last Updated on: 12th September, 2024
Revenue By Month
2023-08 - 2024-07
Low
SAR2,800
Average
SAR3,679
High
SAR4,678
Is Airbnb Profitable in Riyadh?
No, there is good short-term rental demand. A 40% median occupancy rate is considered a good market for Airbnb. The graph below shows the average monthly host income by month.
Tip! investing in a short-term rental can be highly stable and profitable. It’s stable because housing has been one of the most stable asset classes. Also, when you can’t do an Airbnb anymore, you can still rent it out to a long-term tenant with a lower yield. It is highly profitable because the monthly cash flow from short-term rental investment typically is double the amount of traditional rentals.
Starting an Airbnb in Riyadh
Short-term rental regulation is lenient in Riyadh. Very few Airbnb listing currently have put their license number on their Airbnb listing. This likely means the local government is not strictly enforcing the short-term rental-related regulations.
Average Airbnb Occupancy Rate in Riyadh
A typical listing recorded a 40% average occupancy rate between 2023-08 - 2024-07. In this graph, you can see the occupancy rate distribution. About 36.19% of the guests are international guests, and visitors from Saudi arabia is the largest group. Learn more about guest origin!.
You can find the distribution graph of daily rate and revenue in our market dashboard.
You can find the distribution graph of daily rate and revenue in our market dashboard.
Occupancy Rate: 40%
10,215 Active Listings
Signup and check out more in-depth vacation rental data for free.
Explore Riyadh's Airbnb Data ⟶
Best Areas in Riyadh for Airbnb
Are you wondering where to invest in Riyadh? Look no further!
- Kingdom Centre Tower
- Al-Bujairi Quarter
- Al-Masmak Fortress
- Riyadh National Museum
- King Abdulaziz Historical Center
- Al Hokair Land
- Wadi Namar Park
- Salam Park
- Riyadh Zoo
- Diriyah
Top demand Airbnb in Riyadh
Airbtics has been tracking all Airbnb listings since 2019. This allows us to understand interesting metrics, like which properties earn the most in the market. Here are our top picks. Go to the app to find detailed information about 10,215 listings.
See 10,215 listing Statistics
Professional Short-term rental property managers in Riyadh
We've compiled a list of host profiles that manage the most Airbnb properties in Riyadh. The dashboard shows their average occupancy rate, revenue, and year-over-year changes.
Other short-term rental market data in Riyadh
Here is a breakdown of short-let properties in Riyadh. You might wonder about more specific data before buying an Airbnb property. For example, how much can an average listing with 4 bedrooms and a pool make? Or, what is the seasonality in booking? When is the peak month? Click the below button and check out more in-depth vacation rental data for free.
Property Size
Amenities
Property Type
Cancelation Policy Type
By Channel Type