Saudi Arabia Real Estate Market Overview

Base Year: 2024

Historical Years: 2019–2024

Forecast Years: 2025–2033

Market Growth Rate: 7.30% (2025–2033)

The Saudi Arabia real estate market is expanding steadily due to urbanization, government infrastructure initiatives, and a surge in commercial and residential developments. Saudi Arabia real estate market size reached US$ 67.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach US$ 126.8 Billion by 2033, exhibiting a growth rate (CAGR) of 7.30% during 2025-2033.

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Saudi Arabia Real Estate Industry Trends and Drivers:

Apartment and villa prices in cities keep rising. This trend is fueled by population growth and government homeownership programs like Sakani. Rental yields are appealing, especially in Riyadh. Investors are taking advantage of high demand from expatriates and young professionals. Mortgage lending is growing. Lower interest rates and easier financing help first-time buyers. Big projects like NEOM and Qiddiya grab global attention. They boost investor confidence and spark infrastructure growth. Challenges remain. High land and construction material costs delay projects and make them harder to afford. Regulatory complexities and bureaucratic processes also pose hurdles, particularly for smaller developers. Big developers like Emaar and Al Rajhi Real Estate lead the market. They use their size to create mixed-use communities effectively. 

Commercial and hospitality sectors thrive amid economic diversification and ambitious tourism targets. Office rents in top spots like Riyadh and Jeddah keep going up. This shows that multinational companies want Grade A spaces. Retail markets are strong. New shopping centers and entertainment spots are springing up. They aim to meet changing consumer tastes. Hospitality is growing fast. More visitors are coming, and the government is working to make Saudi Arabia a top tourist spot. Giga-projects contribute to this momentum, creating opportunities for luxury hotels and serviced apartments. Foreign investment deals with challenges from global economic issues. Still, reforms that ease ownership rules boost confidence among international investors. Local developers adapt to competitive financing environments, navigating pressures from large-scale public investments. PropTech innovations, such as virtual reality tours and AI analytics, transform property management. They also enhance customer engagement. Sustainability is key. Green building certifications set apart premium projects.

The Saudi Arabia real estate market forecast offers insights into future opportunities and challenges, drawing on historical data and predictive modeling.

Saudi Arabia Real Estate Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Property Type:

• Residential Real Estate
  • Apartments
  • Villas
  • Others
• Commercial Real Estate
  • Offices
  • Retail
  • Hospitality
  • Others

Breakup by Region:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• Abdul Latif Jameel
• Dar Ar Alkan
• Emaar
• Jabal Omar Development Company
• Jenan Real Estate Company
• Kingdom Holdings Company
• SEDCO Development (SEDCO Holding)

Key highlights of the Report:

• Market Performance (2019–2024)
• Market Outlook (2025–2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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