Saudi Arabia Real Estate Market Overview

Market Size in 2024: USD 72.11 Billion

Market Size in 2033: USD 132.65 Billion

Market Growth Rate 2025-2033: 7.0%

According to IMARC Group's latest research publication, "Saudi Arabia Real Estate Market Size, Share, Trends and Forecast by Property Type, and Region, 2025-2033", The Saudi Arabia real estate market size reached USD 72.11 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 132.65 Billion by 2033, exhibiting a growth rate (CAGR) of 7.0% during 2025-2033.

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How AI is Reshaping the Future of Saudi Arabia Real Estate Market

• AI-powered property valuation systems are revolutionizing real estate pricing in Saudi Arabia, analyzing multiple data points including location, amenities, market trends, and economic indicators to provide accurate property assessments for buyers and investors.
• Smart building management systems integrated with IoT sensors optimize energy consumption, security, and maintenance across residential and commercial properties, reducing operational costs and improving tenant satisfaction.
• Digital twin technology is transforming urban planning and property development processes, allowing developers to simulate and optimize building designs and city layouts before construction, particularly in mega-projects like NEOM and The Line.
• Machine learning algorithms analyze demographic patterns, economic indicators, and infrastructure development to predict real estate demand hotspots and investment opportunities across Saudi Arabia's rapidly developing regions.
• Blockchain technology is being implemented for property transaction transparency, enabling secure digital contracts and reducing processing time for property transfers and ownership verification.

Saudi Arabia Real Estate Market Trends & Drivers:

Vision 2030 is like the ultimate game-changer for Saudi Arabia's real estate scene, pumping billions into mega-projects that are drawing crowds and cash like never before. The Saudi Arabia real estate market outlook is strong, with the market clocking in at around $75 billion in transactions right now, and non-oil growth hitting 5.8% thanks to smart infrastructure pushes that make cities more livable and investor-friendly. Take NEOM and Qiddiya—they're not just buzzwords; they're creating jobs for thousands and sparking demand for everything from luxury condos to family homes. The Sakani program has already hooked up over 96,000 families with affordable options, while Jeddah's fresh batch of 29 projects across sectors shows how this blueprint is turning empty plots into thriving hubs. It's exciting to watch how these moves are blending bold ambition with real community vibes, making property a smart bet for locals and outsiders alike.

Foreign investment is flooding in, supercharged by rules that let outsiders own property outright in most spots, and it's reshaping the skyline from Riyadh to the Red Sea coast. Bank lending for real estate just topped $827 billion, mostly corporate deals that are fueling everything from office towers to beachfront resorts. With expats pouring in—think a 3.3% population bump—places like Dammam are buzzing with new builds that cater to global pros. Companies like Emaar are teaming up on mixed-use spots that mix work, play, and stay, while the undeveloped land tax hike to 10% is nudging speculators to actually develop, boosting supply without crashing prices. It's a win-win, where easier access means more diverse neighborhoods and steady returns that feel accessible, not out of reach.

Affordable housing is the quiet hero here, tackling the crunch for young families and first-timers amid rapid urban sprawl that's got over 38% of folks city-bound. The government's Sakani and ROSHN initiatives are cranking out tens of thousands of units, like the 4,149 sustainable homes in Makkah's ALMANAR project that house 17,000 residents with eco-smart designs. Residential sales are soaring to SAR 118 billion, with villas snagging 53% of deals in hot spots like Riyadh, where new supply is lagging just enough to keep values climbing without the squeeze. This trend's all about balance—blending green tech with practical pricing to create communities that grow with people, not against them, and it's pulling in private players who see the long game in everyday living.

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 Insights:

• 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)

Recent News and Developments in Saudi Arabia Real Estate Market

• 2025 August: NEOM announces major residential developments incorporating smart city technology and sustainable design principles, with AI-powered building management systems and renewable energy integration.
• 2025 July: Saudi government introduces new foreign investment incentives for real estate development, including extended visa programs and simplified ownership procedures for international property investors.
• 2025 June: Vision 2030 urban development projects accelerate with smart city initiatives in Riyadh and Jeddah, featuring IoT-enabled infrastructure and digital property management systems.

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