The Saudi Arabia Residential Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Apartments & Condominiums and Villas & Landed Houses), by Price Band (Affordable, Mid-Market, and Luxury), by Mode of Sale (Primary (New-Build), and Secondary (Existing-Home Resale)), and by City (Riyadh, Jeddah, DMA and the Rest of Saudi Arabia). The Market Forecasts are Provided in Terms of Value (USD).

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.

Saudi Arabia Residential Real Estate comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

The Saudi Arabian real estate market, valued at $69.51 billion in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 8% from 2025 to 2033. This expansion is fueled by several key drivers. Government initiatives like Vision 2030, aimed at diversifying the economy and improving infrastructure, are significantly boosting investment in both residential and commercial properties. A burgeoning population and rising urbanization are increasing demand, particularly for apartments and villas in residential sectors and offices, retail spaces, and hospitality venues in commercial sectors. Furthermore, increased foreign investment and a favorable regulatory environment are attracting both domestic and international players, contributing to market dynamism. However, challenges remain. While material costs and fluctuating interest rates can influence market stability, the overall growth trajectory remains positive, driven by the long-term vision and strategic economic diversification plans of the Saudi Arabian government. The market segmentation reveals a strong presence in both residential and commercial sectors. Residential real estate, encompassing apartments and villas, constitutes a significant portion of the market, driven by the increasing population and government initiatives focused on affordable housing solutions. Commercial real estate, including offices, retail spaces, hospitality, and other sectors, is witnessing growth due to expansion in various industries and increased tourism. Key players like Emaar, Jabal Omar, and Sedco Development are actively shaping the market landscape, alongside international firms such as JLL and Century 21. The competitive landscape is dynamic, with both established players and new entrants vying for market share, further fueling innovation and competition in the sector. The forecast period suggests continued growth, albeit with potential fluctuations influenced by global economic conditions and local regulatory adjustments. Recent developments include: May 2023, The National Security Services Company (SAFE), which leads the transformation of the local security services sector, has signed an acquisition agreement to acquire ABANA Enterprises Group Company's assets connected to the transit of cash and valuable goods. ABANA Enterprises Group Company is at the forefront of providing such services in the Kingdom. The acquisition of ABANA Enterprises Group Company's assets connected to the transit of cash and valuable goods will help SAFE achieve its primary goal of providing the most advanced security solutions and services for customers., July 2022, SEDCO Capital REIT Fund's board has approved acquiring two income-generating real estate assets worth SR700 million (USD 187 million), located in Riyadh and Jeddah. This acquisition will be covered by new units and by using banking facilities in accordance with the Fund's terms and conditions, according to a bourse filing. The Fund expects that this acquisition will positively impact its overall performance, as it seeks to add value to its portfolio, as well as its unitholders.. Key drivers for this market are: 4., Growth in Commercial Activities and Increased Competition4.; Increasing Demand for Affordable Housing Units. Potential restraints include: 4., Growth in Commercial Activities and Increased Competition4.; Increasing Demand for Affordable Housing Units. Notable trends are: The Residential Sector Sustains Country's Real Estate Market.

The global residential real estate market size is projected to grow from USD 11.619 trillion in 2025 to USD 23.493 trillion by 2033, exhibiting a CAGR of 9.2%.
Report Scope:

The Saudi Arabia Luxury Residential Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Apartments & Condominiums and Villas & Landed Houses), by Mode of Sale (Primary New-Build and Secondary Existing-Home Resale), and by City (Riyadh, Jeddah, DMA and the Rest of Saudi Arabia). The Market Forecasts are Provided in Terms of Value (USD).

USD 16.44 Billion in 2024; projected USD 28.77 Billion by 2033; CAGR 6.41%.

The Saudi Arabia Residential Real Estate Market size was valued at USD 69.8 Billion in 2024 and is anticipated to reach USD 98.4 Billion by 2032, growing at a CAGR of 4.7% from 2026 to 2032.

Key Market Drivers:

Sakani Program: The Sakani program has provided housing solutions and financing options to over 1.2 million families, facilitating access to affordable housing and stimulating market activity. Economic Diversification: The focus on diversifying the economy beyond oil is leading to increased investments in infrastructure projects, enhancing connectivity and boosting property values in residential areas. Increased GDP Contribution: The real estate sector's contribution to Saudi Arabia's GDP reached 5.9% in the fourth quarter of 2023, highlighting its importance as a driver of economic growth and stability in the residential market.

Discover the booming Saudi Arabia luxury residential real estate market! With a projected market size of $14.63B in 2025 and a 6% CAGR, this report analyzes key trends, drivers, and top players shaping this lucrative sector. Explore investment opportunities in Riyadh, Jeddah, and Dammam. Recent developments include: May 2023: Sedco Development has partnered with Hamad M.AlMousa Real Estate Co. to develop a new 1.9 million square meter land development in Al-Qadisiyah, Riyadh. The project is part of SEDCO'S real estate strategy to make Riyadh a key business, commercial, and residential hub., April 2023: Dar Al Arkan, one of Saudi Arabia's largest real estate developers, has launched a new residential project in Riyadh called "Ai Masyuf." The project will offer various housing options, including villas, townships, and apartments.. Key drivers for this market are: 4., Rising Disposable Incomes4.; Government Initiatives4.; Growing Expatriate Population. Potential restraints include: 4., Rising Disposable Incomes4.; Government Initiatives4.; Growing Expatriate Population. Notable trends are: Demand for Apartments remains High due to Cultural Preferences in Saudi Arabia.

The Saudi Arabia Real Estate Market exhibits remarkable growth potential, fueled by increasing urbanization and the rapid modernization initiatives under Vision 2030 across the country. Significant technological advancements in construction methodologies and smart building technologies are creating substantial opportunities for market development. The growing awareness among investors about the benefits of Saudi Arabian real estate and considerable investments in infrastructure development projects are fundamentally transforming the property landscape. This is likely to enable the market size to surpass USD 69.50 Billion valued in 2024 to reach a valuation of around USD 127.64 Billion by 2032.The rapid expansion of the Saudi Arabia Real Estate Market is primarily driven by the implementation of Vision 2030 initiatives, which have been supported by regulatory reforms, foreign investment inflows and diversification efforts away from oil dependency. This enables the market to grow at a CAGR of 7.90% from 2026 to 2032.

Saudi Arabia Commercial Real Estate Market size was valued at USD 45.2 Billion in 2024 and is projected to reach USD 68.7 Billion by 2031, growing at a CAGR of 5.3% from 2024 to 2031.

Saudi Arabia Commercial Real Estate Market Drivers

Vision 2030: This national transformation plan is at the heart of Saudi Arabia's economic diversification efforts. It aims to reduce reliance on oil and promote growth in various sectors, including tourism, entertainment, and technology. This vision is driving massive investments in infrastructure and mega-projects, creating significant demand for commercial real estate.

Economic Diversification: As Saudi Arabia diversifies its economy, new industries are emerging and existing ones are expanding. This requires a variety of commercial spaces, including offices, retail outlets, industrial parks, and logistics facilities, fueling the demand for commercial real estate.

Social Reforms: Social reforms, such as increased female participation in the workforce and relaxed social restrictions, are creating new opportunities for businesses and driving demand for commercial spaces. For example, the rise in female employment necessitates more office spaces, while the growth in entertainment options boosts the need for retail and leisure facilities.

Tourism Development: Saudi Arabia is actively promoting tourism as a key sector for economic growth. This is leading to significant investments in hospitality infrastructure, including hotels, resorts, and entertainment venues, which are driving the demand for commercial real estate in the hospitality sector.

Mega-Projects: The Kingdom is home to several ambitious mega-projects, such as NEOM, the Red Sea Project, and Riyadh's new city center. These projects involve the development of large-scale commercial, residential, and entertainment districts, creating substantial demand for commercial real estate across various sectors.

Government Support and Initiatives: The Saudi government is actively supporting the growth of the commercial real estate market through various initiatives, such as easing regulations, streamlining investment procedures, and providing financial incentives. This creates a favorable environment for developers and investors.

In 2023, the KSA Real Estate Market reached a value of USD 123.9 million, and it is projected to surge to USD 212.3 billion by 2030.

The real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Saudi Arabia was modeled to stand at ************* U.S. dollars in 2024. Between 2017 and 2024, the real estate transaction value rose by ************ U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The real estate transaction value will steadily rise by *********** U.S. dollars over the period from 2024 to 2029, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Residential Real Estate Transactions.

The Saudi Arabian real estate brokerage market, valued at approximately $8.14 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 6.80% from 2025 to 2033. This expansion is fueled by several key drivers. Significant government investments in infrastructure projects like Neom and the Red Sea Project are creating substantial demand for both residential and commercial properties. Furthermore, a burgeoning population and increasing urbanization are driving the need for real estate services. The rise of PropTech and online platforms is streamlining transactions and enhancing market transparency. While challenges such as fluctuating oil prices and potential regulatory changes exist, the long-term outlook remains positive, driven by Vision 2030's ambitious plans to diversify the Saudi economy and boost the private sector, creating more opportunities in the real estate market. The market is segmented by property type (residential and non-residential) and services offered (sales and rental), with major players such as JLL, CBRE Group, Colliers International, and Savills dominating the landscape alongside prominent local firms. The residential segment is likely to be the larger contributor due to population growth and government initiatives focused on affordable housing. The sales segment is expected to retain significant market share due to the volume of new construction and related transactions. Continued growth in foreign direct investment and government support for the real estate sector will likely contribute further to market expansion over the forecast period. The competitive landscape is characterized by a mix of international and domestic players, each vying for market share through diverse strategies. International firms leverage their global expertise and networks, while local firms benefit from deep market knowledge and established relationships. The future will likely see increased consolidation and mergers as firms seek economies of scale and broader reach. Furthermore, technological advancements will continue to reshape the industry, with a growing focus on data analytics, AI-driven property valuations, and virtual tours. This dynamic interplay of market forces, government initiatives, and technological progress is shaping the future of the Saudi Arabian real estate brokerage market, presenting both opportunities and challenges for market participants. Recent developments include: June 2024: Abdullah Al-Hammad, CEO of the Real Estate General Authority (REGA), announced that Saudi Arabia was set to unveil its inaugural legislation for facility management within the real estate industry in Q1 of 2024. This legislation enhances the industry's reliability and investment appeal by establishing clear regulations. Al-Hammad emphasized the pivotal role of the Real Estate Brokerage Law in advancing the industry. He highlighted its functions in modernizing operations, enhancing governance, and positioning real estate as a transparent and reliable investment avenue., January 2023: The Saudi Real Estate Authority reported an overwhelming response to the new Real Estate Brokerage Law, with more than 89,000 license requests flooding through its electronic services within two days of its enactment. Of these requests, the authority swiftly processed and granted over 72,000 licenses to individual practitioners, while an additional 17,100 licenses were allocated to establishments.. Key drivers for this market are: Economic Diversification Efforts, Regulatory Reforms and Foreign Investment. Potential restraints include: Economic Diversification Efforts, Regulatory Reforms and Foreign Investment. Notable trends are: Government-led Initiatives Driving the Saudi Arabian Real Estate Brokerage Market.

The forecasted value of the real estate industry in Saudi Arabia for the year 2019 was about ***** 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.

The Saudi Arabia Commercial Real Estate Market is Segmented by Property Type (Office, Retail, Logistics, and More), by Business Model (Sales and Rental), by End User (Individuals / Households, Corporates and SMEs and More), and by Region (Riyadh, Jeddah, Makkah and Rest of Saudi Arabia). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

Housing Index in Saudi Arabia decreased to 103.90 points in the third quarter of 2025 from 105 points in the second quarter of 2025. This dataset provides - Saudi Arabia Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Global firms and government-backed initiatives are increasing the demand for high-quality, energy-efficient office buildings, accelerating the development of smart, sustainable office projects. According to the analyst from Verified Market Research, the Saudi Arabia office real estate market is estimated to reach a valuation of USD 19.93 Million over the 2032 forecast period, subjugating around USD 10 Million in 2024Developments such as NEOM, The Line, and Red Sea Global are attracting businesses, resulting in increased demand for office space. It enables the market to grow at a CAGR of 9% from 2026 to 2032.

The Saudi Arabian office real estate market is experiencing robust growth, fueled by Vision 2030's ambitious diversification plans and significant investments in infrastructure and non-oil sectors. The market's size, while not explicitly stated, can be reasonably estimated based on the provided CAGR of 8.12% and a base year of 2025. Assuming a 2025 market size of approximately $5 billion (USD), the market is projected to expand considerably by 2033. Key growth drivers include the expansion of the financial services, technology, and government sectors, leading to increased demand for modern and well-located office spaces. Major cities like Riyadh, Jeddah, and Makkah are at the forefront of this growth, attracting both domestic and international companies. The thriving business environment, coupled with government initiatives to enhance the ease of doing business, are contributing to this positive trajectory. However, challenges remain. While the overall outlook is optimistic, potential restraints include fluctuations in global oil prices, which can indirectly impact the overall economic climate. Furthermore, the market needs to adapt to evolving work patterns, such as the increased adoption of remote work and flexible office arrangements. Competition among established players and new entrants is also shaping the market landscape. The success of Saudi Arabia's real estate market hinges on the continued implementation of Vision 2030, its ability to manage economic fluctuations effectively, and its capacity to attract and retain foreign investment. The successful diversification of the Saudi Arabian economy will play a crucial role in the long-term growth of the office real estate sector. Recent developments include: November 2022: Arabian Centres Company, Saudi Arabia's largest mall operator, has agreed to sell non-core assets worth 2 billion Saudi riyals to Adeer Real Estate. A study determined that the assets were best suited for residential or office space development rather than supporting the mall operator's strategic priorities of developing lifestyle destinations., October 2022: Ajdan Real Estate Development Company announced that it has signed a contract with Al-Muhaidib Group to develop, market, and operate the 250 million Saudi riyals (USD 66.5 million) Bayfront commercial project on the east coast of Al-Khobar. The Bayfront will be located on the northern part of Al-Khobar's beach, spanning over 100,000 square metres (sqm) from the shore and a 1,600 sqm island.. Notable trends are: Increasing Demand for Office Spaces in Key Commercial Cities.

The Saudi Arabia Office Real Estate Market Report is Segmented by Building Grade (Grade A, Grade B, Grade C), by Transaction Type (Rental, Sales), by End Use (IT & ITES, BFSI, Business Consulting & Professional Services, Other Services), and by City (Riyadh, Jeddah, DMA, Rest of Saudi Arabia). The Market Forecasts are Provided in Terms of Value (USD).