The Report Covers Residential Real Estate Market in Saudi Arabia is Segmented by Type (condominiums and Apartments and Villas and Landed Houses) and Key Cities (Riyadh, Jeddah, Dammam, and Rest of Saudi Arabia). The Report Offers the Saudi Arabia Residential Real Estate Market Size in Value (USD) for all the Above Segments.

The Saudi Arabia Luxury Residential Real Estate Market Report is Segmented by Type (apartments and Condominiums and Villas and Landed Houses) and by Key Cities (Riyadh, Jeddah, Makkah, Dammam Metropolitan Area (DMA), and Other Cities). The Report Offers Market Size and Forecasts for the Saudi Arabian Luxury Residential Real Estate Market in Value (USD) for all the Above Segments.

Real Estate Market in Saudi Arabia is Segmented by Residential Estate (Apartments, Villas) and Commercial Real Estate (Offices, Retail, Hospitality, Others). The Report Offers Market Size and Forecasts for the Real Estate Market in Saudi Arabia in Value (USD) for the Above Segments.

The revenue of real estate companies worldwide was valued at 4.3 trillion U.S. dollars in 2024. That was a decline from 2019, when the market peaked at 5.04 trillion U.S. dollars. According to the source, the commercial real estate market includes management and advisory services, commercial and residential leasing, capital market, and other services.

The forecasted value of the real estate industry in Saudi Arabia for the year 2019 was about 142.5 billion U.S. dollars. The construction market was undergoing a comeback after a period of economic volatility that followed the collapse of the Dubai real estate market.

Housing Index in Saudi Arabia increased to 104.20 points in the fourth quarter of 2024 from 102.60 points in the third quarter of 2024. This dataset provides - Saudi Arabia Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The share of homeownership in Saudi Arabia amounted to 62 percent in 2020. The share of homeownership in Saudi Arabia was forecasted to grow to 70 percent by 2030 in Saudi Arabia.

The Saudi Arabia Real Estate Brokerage Market Report is Segmented by Type (Residential and Non-Residential) and Services (Sales and Rental). The Report Offers Market Sizes and Forecasts for the Above Segments in Value (USD).

Saudi Arabia prefabricated buildings market size is projected to exhibit a growth rate (CAGR) of 8.10% during 2024-2032. The expanding construction industry, along with the evolving infrastructure and housing needs, is primarily driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on material type and application.

Saudi Arabia Sanitaryware Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.6 Billion by 2032, growing at a CAGR of 7.3% from 2025 to 2032.

Saudi Arabia Sanitaryware Market Dynamics

The key market dynamics that are shaping the Saudi Arabia sanitaryware market include:

Key Market Drivers

Growing Real Estate Development and Housing Projects: Saudi Arabia’s massive housing development initiatives and real estate projects under Vision 2030 are driving significant demand for sanitaryware products across residential developments. The Saudi government aims to increase homeownership to 70% by 2030, with plans to deliver 1.2 million new housing units, requiring extensive sanitaryware installations.

The size of the GCC REIT Industry market was valued at USD 10.37 Million in 2023 and is projected to reach USD 18.05 Million by 2032, with an expected CAGR of 8.24% during the forecast period. The GCC (Gulf Cooperation Council) REIT (Real Estate Investment Trust) industry refers to the market for publicly traded investment vehicles that own, operate, or finance income-generating real estate across the Gulf Cooperation Council region, which includes Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman. REITs offer investors the opportunity to invest in large-scale commercial real estate projects without the need for direct ownership, making real estate investment more accessible. These trusts typically focus on properties such as shopping malls, office buildings, warehouses, and residential complexes, with some REITs specializing in specific sectors like healthcare or logistics. The GCC REIT market has grown significantly in recent years, driven by the region's economic diversification efforts and the need for more sophisticated financial instruments. Governments in the GCC are increasingly supportive of REIT structures as they provide a means to attract foreign investment, enhance capital markets, and offer more investment choices to residents. Regulatory frameworks in countries like Saudi Arabia and the UAE have evolved to support the establishment and growth of REITs, providing a stable foundation for market expansion. Recent developments include: In September 2022, Saudi Arabia introduced a real estate investment trust (REIT) regime. In November 2016, Riyad REIT was the first REIT to be listed in Saudi Arabia (and only the second REIT to be listed in the Middle East), which was followed by another 17 REITs up to July 2022, with a number of them also increasing their capital to acquire additional assets., In January 2021, the Dubai Financial Market (DFM) began trading in Real Estate Investment Trusts (REITs) with the listing of Al Mal Capital's REIT.. Key drivers for this market are: Fund Inflows is Driving the ETF Market. Potential restraints include: Underlying Fluctuations and Risks are Restraining the Market. Notable trends are: Growing Asset Allocation to Real Estate by Large Investors in The Region.

The KSA Medium Density Fiberboard (MDF) market is valued at USD 309.3 million, driven primarily by the booming construction and real estate sectors. The market growth is fueled by the increasing demand for MDF in residential and commercial construction.

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Short Term Vacation Rental Market Size 2025-2029

The short term vacation rental market size is forecast to increase by USD 114.1 billion at a CAGR of 13.5% between 2024 and 2029.

The market is experiencing significant growth due to the expanding tourism industry and the increasing preference for flexible and affordable accommodation options. Technological advancements are revolutionizing the sector with online booking platforms, property management software, and smart home technology becoming the norm. However, inconsistency in providing quality vacation rentals remains a challenge. To enhance the guest experience, some rental properties are integrating spa and wellness facilities, while others are exploring the use of Augmented Reality to offer virtual tours. These trends reflect the industry's commitment to delivering superior guest experiences and meeting evolving traveler demands.

What will be the Size of the Short Term Vacation Rental Market During the Forecast Period?

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The short-term rental market, a segment of travel and tourism, has experienced significant growth in recent years, offering budget-friendly accommodations for both leisure and work travelers. With the rise of platforms like Airbnb and Booking.Com, this accommodation type has gained popularity among millennials and international travelers seeking unique, aesthetic stays. The market's size is substantial, with spending on services and goods in this sector continuing to increase. Emerging markets and low airfare prices have contributed to the market's expansion. Work-from-home trends have also driven demand for short-term rentals, allowing travelers to maintain productivity while enjoying eco-friendly and sustainable amenities.
Property owners benefit from the use of online booking platforms and property management software, streamlining the rental process. Technological trends, such as virtual tours, augmented reality, and innovative solutions, enhance the guest experience. The real estate industry has taken notice, with many investing in short-term rental properties. However, concerns regarding fake listings and safety remain, highlighting the need for continued industry regulation. Female visitors represent a significant portion of the market, with a focus on environmentally-friendly rentals and sustainable amenities becoming increasingly important. As the market continues to evolve, it is poised for continued growth and innovation.

How is this Short Term Vacation Rental Industry segmented and which is the largest segment?

The short term vacation rental industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Offline
  Online


Management

  Managed by owners
  Professionally managed


Type

  Apartments and condominiums
  Villas and luxury homes
  Cottages and cabins
  Resorts and bungalows
  Others


Geography

  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Mode Of Booking Insights

The offline segment is estimated to witness significant growth during the forecast period. Offline segment had high demand previously when Internet penetration was not high, as word of mouth and repeat business were the most powerful factors for offline bookings. At present, some people are still hesitant to book their accommodation online. The main reason for this is people's lack of faith in online reservations. Another reason people choose to book short term vacation rentals offline is to ensure that they get the best rate. People generally think that by booking hotels offline, they will be able to negotiate with the staff or get extra discounts. Satisfied guests may become repeat customers, contributing to guest loyalty and positive word-of-mouth referrals. Thus, these factors will boost the growth of the offline segment and enhance the growth of the global short term vacation rental market during the forecast period.

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The Offline segment was valued at USD 87.10 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European short-term vacation rental market is projected to expand due to the rising demand for travel and tourism, particularly for budget-friendly accommodations.

The Saudi Arabia microwave ovens market is anticipated to grow at a CAGR of 4.00% during the forecast period of 2025-2033. The market is driven by numerous factors, including the increasing demand for convenient and time-saving home appliances, the rising disposable incomes of consumers, and the growing popularity of microwave ovens in both residential and commercial settings. Additionally, technological advancements, such as the introduction of smart microwave ovens with advanced features, are further contributing to market growth. The market is segmented by type, distribution channel, and end-user. The grill segment dominates the type segment, owing to its ability to grill and cook a variety of foods. The offline distribution channel holds a significant share of the distribution channel segment, due to the wide availability and established presence of physical retail stores. The residential segment is expected to dominate the end-user segment, as microwave ovens are primarily used for household cooking purposes. Leading players in the market include Panasonic, Zhongshan Donlim Weili Electrical Appliances CoLtd, AB Electrolux, and White-Westinghouse. These companies are actively investing in innovation and marketing initiatives to expand their market presence and gain a competitive edge. Recent developments include: June 2022 - LG Electronics (LG), a global leader and technology innovator in home appliances, and United Yousuf Mohammed Naghi Ltd. announced the launch of its new biggest capacity microwave oven for the Saudi market. The biggest capacity is defined as 56 litres with health care features, streamlined design and innovative technology., May 2021 - To engage this growing audience in the region, LG's Middle East and Africa office introduced "The Spot" an online space where visitors can enter competitions to win exclusive experiences and amazing prizes to engage digitally-savvy Gen Z fans in the region. LG invited food enthusiasts across the UAE, Saudi Arabia, Iraq, Kenya, Egypt and Turkey to visit "Life's Good Restuarant" inside The Spot to share the stories behind their favourite foods.. Key drivers for this market are: Expanding Construction and Real Estate Sector. Potential restraints include: Rising competition among the players. Notable trends are: Increasing Population and the Rising Number of Households is Driving the Market.

the Saudi Arabia Prefabricated House Market is Segmented by Material Type (concrete, Glass, Metal, Timber, and Other Material Types) and Application (residential, Commercial, and Other Applications (infrastructure and Industrial)). the Report Offers Market Sizes and Forecasts in Value (USD) for all the Above Segments.

The Saudi Arabian tiles industry is a substantial market with a projected market size of 272 million units, exhibiting a robust CAGR of 7.00%. The industry is primarily driven by the expanding construction sector, fueled by government infrastructure projects and a burgeoning real estate market. The rising demand for modern and aesthetically appealing tiles in both residential and commercial buildings is also contributing to the market's growth. Key trends shaping the Saudi Arabian tiles industry include the increasing adoption of digital printing technology, which allows for customizable designs and patterns. Sustainability is also gaining traction, with manufacturers focusing on eco-friendly production processes and materials. Furthermore, the growing popularity of online retail platforms is providing new avenues for tile sales and distribution. Among the leading companies in the market are Arabian Tile Company Ltd, RAK Ceramics, and Saudi Arabian Markets Ltd, competing intensely to capture market share. The industry is expected to continue its growth trajectory in the coming years, offering lucrative opportunities for manufacturers, distributors, and investors alike. Recent developments include: June 2023: Saudi Ceramics broadened its sales channels both domestically and internationally. With a network of 50 showrooms, the company established a strong presence within the country. It successfully exported products to over 80 countries worldwide, further expanding its global reach., April 2023: Surya declared the finalization of an agreement to acquire Global Views, a well-known distributor of home décor and accessories. This acquisition will allow Surya to further expand its presence in the upscale interior design market, enhancing its current range of home furnishings with a variety of new accent pieces and accessories.. Key drivers for this market are: Growth in the Construction Sector is Driving the Market, Rapid Industrialization and Commercial Expansion. Potential restraints include: Cost Sensitivity and Economic Volatility, Violatile Raw Material Prices. Notable trends are: Rise in Construction Activities Propelling Growth.

The Saudi Arabian vinyl flooring market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5.47% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning construction sector, particularly in residential and commercial real estate, significantly contributes to market demand. Rising disposable incomes and a preference for aesthetically pleasing, durable, and easy-to-maintain flooring solutions among Saudi Arabian consumers are further boosting market growth. Government initiatives promoting infrastructure development and urbanization also play a crucial role. Furthermore, the increasing adoption of sustainable and eco-friendly vinyl flooring options, catering to growing environmental awareness, is expected to fuel market expansion in the coming years. While challenges such as fluctuating raw material prices and potential competition from alternative flooring materials exist, the overall market outlook remains positive, driven by the sustained growth of the Saudi Arabian economy and the increasing preference for vinyl flooring's versatility and cost-effectiveness. Segmentation within the Saudi Arabian vinyl flooring market reveals a diverse landscape. The market is categorized by type (e.g., sheet vinyl, luxury vinyl tile (LVT), vinyl planks) and application (e.g., residential, commercial, industrial). The LVT segment is likely to dominate due to its superior aesthetics and durability. Commercial applications, driven by large-scale construction projects and increasing office space development, are anticipated to show significant growth. Key players like Abdul Rahman Al Shareef Group, Armstrong Flooring Inc., and Forbo Holding AG are adopting competitive strategies including product innovation, strategic partnerships, and aggressive marketing to maintain their market share and cater to evolving consumer preferences. A strong focus on consumer engagement, including highlighting the benefits of vinyl flooring in terms of durability, hygiene, and cost-effectiveness, will be essential for sustained market growth. The forecast period, extending to 2033, anticipates continued market expansion, reflecting the ongoing development of the Saudi Arabian economy and the increasing popularity of vinyl flooring as a versatile and practical flooring solution.

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Cleaning Services Market Size and Trends

The cleaning services market size is forecast to increase by USD 21.78 billion, at a CAGR of 6.4% between 2023 and 2028. Market growth depends on rising health concerns in workplaces, which are notably driving demand for solutions that enhance employee well-being. A key trend shaping the market is strong residential growth, as more individuals seek healthy living environments that support overall wellness. However, the cleaning service market also faces significant challenges, particularly the lack of skilled labor, which hinders the ability to meet the increasing demand for health-focused products and services. Effectively addressing this skills gap while capitalizing on health-conscious trends will be essential for companies aiming to thrive in this competitive landscape.

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The market caters to both residential and commercial customers, encompassing various sectors such as office buildings, retail stores, healthcare facilities, and more. Services offered include window washing, floor cleaning, vacuuming, furniture cleaning, contract cleaning, carpet cleaning, air duct cleaning, and water damage restoration. With the economic upturn, business entities have been prioritizing workplace hygiene and sustainability, leading to an increase in demand for these services. Dual-income households and working parents also value the convenience and efficiency of professional cleaning services. High competition among cleaning companies necessitates strict adherence to safety protocols and effective operations. Real estate investment properties also require regular cleaning to maintain their value. Building workers and janitors play a crucial role in ensuring the cleanliness and upkeep of these spaces. Overall, the market is a significant contributor to workplace wellness and business success.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion ' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

End-user Outlook

  North America
  Europe
  APAC
  South America
  Middle East and Africa


Region Outlook

  North America

    Chile
    Brazil
    Argentina


  South America

    The U.S.
    Canada





  Europe

    U.K.
    Germany
    France
    Rest of Europe





  APAC

    China
    India





  Middle East & Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East & Africa

By End-user Insights

The commercial segment is estimated to witness significant growth during the forecast period. The market encompasses various aspects of maintaining hygiene and sustainability in both commercial and residential settings. Key services include window washing, floor cleaning, vacuum cleaning, furniture cleaning, carpet cleaning, air duct cleaning, and water damage restoration. Commercial customers, such as business entities, office buildings, retail stores, and healthcare facilities, prioritize workplace hygiene and sustainability for employee wellness and adherence to health restrictions. The economic upturn and increased discretionary income in dual-income households fuel the demand for these services. Residential customers also value cleaning priorities, particularly in light of safety protocols and the aging population's need for assistance. High competition in the market drives innovation, with eco-friendly products and advanced disinfection techniques becoming increasingly popular.

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The commercial segment was the largest and was valued at USD 40.05 billion in 2018. Rapid urbanization and the growing importance of workplace sustainability further contribute to the market's growth. Cleaning Authority, Cleannet, and other leading companies offer a range of services, from daily operations to special projects. Building workers, janitors, and other professionals ensure the smooth execution of cleaning tasks in various settings, including schools, colleges, universities, laboratories, and spas and salons. The market caters to diverse needs, from the hospitality industry's focus on guest comfort to the healthcare sector's stringent cleanliness standards. In conclusion, the market plays a crucial role in maintaining hygiene, promoting workplace sustainability, and ensuring employee and public health. It caters to the needs of both commercial and residential customers, employing various techniques and eco-friendly products to meet the evolving demands of modern society.

Regional Analysis

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APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and

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District Cooling Market Size 2024-2028

The district cooling market size is forecast to increase by USD 12.2 billion at a CAGR of 7.13% between 2023 and 2028.

The market is experiencing significant growth due to population growth and urbanization, leading to increased demand for energy-efficient cooling solutions. Technological advancements in production technologies and distribution networks are driving innovation in centralized plant designs. However, the high capital cost of these cooling systems remains a challenge, with longer payback periods compared to traditional air conditioning systems. These systems use renewable energy sources, such as solar and geothermal, to reduce environmental impact and improve energy efficiency. Compliance with Eurocodes and other regulatory requirements adds to the complexity and cost. To mitigate these challenges, industry players are focusing on improving system efficiency and reducing operational costs. Prospects for the market are promising, with potential for expansion in North America and other regions.

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The market is witnessing significant growth due to the increasing demand for energy-efficient and sustainable cooling solutions In the real estate and commercial sectors. Population growth and urbanization have led to an increased need for air conditioning systems, resulting in substantial energy consumption and carbon footprints. Traditional cooling techniques, such as air-conditioning systems, have been the primary source of cooling for decades. However, their high energy consumption and environmental impact have become major concerns. These cooling systems offer an alternative solution to traditional cooling methods by providing centrally produced chilled water to multiple buildings. The use of these cooling systems can lead to substantial energy savings, as the chilled water is produced at a central location and distributed to multiple buildings, reducing the need for individual air conditioning units. 
Moreover, energy efficiency and sustainability are key factors driving the growth of the market. Real estate developers and commercial property owners are increasingly adopting these cooling systems to meet energy conservation codes and reduce their carbon footprints. The Eurocodes and Energy Conservation Code require buildings to meet specific energy efficiency standards, making this cooling an attractive option due to its energy-saving capabilities. The demand for these cooling systems is particularly high in developing economies, where population growth and urbanization are at their highest. In these regions, the cost of electricity and environmental concerns are significant factors driving the adoption of these cooling systems.
Furthermore, the capital cost of this cooling system may be higher than traditional cooling methods, but the long-term energy savings and reduced environmental impact make it a cost-effective solution. Variable refrigerant flow (VRF) and electrical chillers are commonly used in these cooling systems. VRF systems offer energy efficiency and flexibility, as they can adjust the cooling output based on the demand of each building. Electrical chillers, on the other hand, are more energy-efficient than traditional chillers and can be powered by renewable energy sources.
Thus, the market is experiencing growth due to the increasing demand for energy-efficient and sustainable cooling solutions In the real estate and commercial sectors. The use of renewable energy sources, energy efficiency, and sustainability are key factors driving the adoption of these cooling systems. The long-term energy savings and reduced environmental impact make this cooling a cost-effective solution for property owners and developers.

How is this District Cooling Industry segmented and which is the largest segment?

The district cooling industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product Type

  Electric chillers
  Free cooling
  Absorption cooling


End-user

  Commercial
  Industrial
  Residential


Geography

  Middle East and Africa



  North America

    US


  Europe

    France


  APAC

    Japan


  South America

By Product Type Insights

The electric chillers segment is estimated to witness significant growth during the forecast period.

Electric chillers are a popular choice for this cooling systems due to their ability to generate cooling capacity through the compression and expansion of refrigerant gases using electricity. This versatile and cost-effective cooling solution is widely used In the commercial sector to ensure consistent indoor comfort levels for bu

GCC Prefabricated Building Market size was valued at USD 3.9 Billion in 2024 and is projected to reach USD 7.4 Billion by 2032, growing at a CAGR of 8.3% from 2025 to 2032.

Key Market Drivers:

Large-Scale Infrastructure and Development Projects: The GCC region is experiencing unprecedented growth in infrastructure development and mega-projects, particularly driven by national vision programs and economic diversification initiatives, creating substantial demand for prefabricated building solutions. Saudi Arabia has allocated USD 1.1 trillion for real estate and infrastructure projects by 2025, with prefabricated buildings accounting for 35% of new construction methods.

Rising Focus on Sustainable Construction: GCC countries are increasingly adopting sustainable construction practices, with prefabricated buildings offering significant environmental benefits through reduced waste, energy efficiency, and lower carbon emissions. UAE’s prefabricated building sector reduced construction waste by 60% in 2023, with energy-efficient prefab structures showing a 40% reduction in operational costs compared to traditional buildings.