Saudi Arabia Real Estate Market Size, Growth and Outlook 2025-2033

Saudi Arabia Real Estate Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 7.0% (2025-2033)

The Saudi Arabia real estate market is undergoing a dynamic transformation, driven by Vision 2030 reforms, mega-project developments, and rising investor confidence across residential, commercial, and industrial segments. According to the latest report by IMARC Group, The Saudi Arabia real estate market size was valued at USD 72.11 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 132.65 Billion by 2033, exhibiting a CAGR of 7.0% during 2025-2033.

Saudi Arabia Real Estate Industry Trends and Drivers:

The Saudi Arabian real estate sector is in a fast-growing phase, propelled by the Vision 2030 program to promote economic diversification and urban renewal. Projects like NEOM and the Red Sea project are resulting in demand for residential, commercial, and hospitality developers in the region, drawing both local and international real estate investors to the Kingdom. The push from the government to provide affordable housing has led to the construction of middle-class residential developments. Housing demand is also being driven by increased urbanity and the youthful population and desire for modern apartments and mixed-use developments. The previous barriers to entry to foreign ownership of property have also been relaxed, resulting in opportunities for global businesses to invest in the Saudi Arabian market and provide competitively priced high quality real estate projects.

Sustainability and technology are defining the future of real estate in Saudi Arabia. As part of expanding smart city projects, cities, towns, and other sustainable urban hubs are making use of Internet of Things (IoT) technologies and green building technologies. Developers are designing buildings to be energy efficient and are using sustainable materials to align with sustainability goals as well as target environmentally conscious buyers. Digital platforms have transformed property transactions and as a result, buyers have more accessibility with virtual tours and online booking systems. In spite of challenges such as regulatory complexity and volatile construction costs, the market has a positive outlook for growth due to government incentives for development, infrastructure investments, and a growing thirst for innovative and sustainable real estate solutions in various locations across the kingdom.

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Saudi Arabia Real Estate Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Property Type:

• Residential Real Estate

  • Apartments

  • Villas

  • Others

• Commercial Real Estate

  • Offices

  • Retail

  • Hospitality

  • Others

Regional Analysis:

• Northern and Central Region

• Western Region

• Eastern Region

• Southern Region

Competitive Landscape:

• Abdul Latif Jameel

• Dar Ar Alkan

• Emaar

• Jabal Omar Development Company

• Jenan Real Estate Company

• Kingdom Holdings Company

• SEDCO Development (SEDCO Holding)

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

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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