Saudi Arabia Real Estate Market Size, Share and Growth 2025-2033
Last updated
Last updated
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. 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.
Saudi Arabia Real Estate Industry Trends and Drivers:
The Saudi Arabia real estate market is changing fast. This transformation is fueled by the Vision 2030 initiative. It aims to diversify the economy and cut down on oil dependence. As a result, there have been significant investments in many sectors, especially real estate. This has led to a growing demand for residential, commercial, and mixed-use developments. The government’s focus on urbanization and infrastructure is creating chances for local and international investors. With a rising population and expanding urban areas, there is a greater need for housing, retail spaces, and office buildings. New regulations are making it easier to do business, which attracts foreign investment and boosts the real estate sector.
Additionally, the market is seeing a trend towards sustainable and smart building practices. Developers are adding eco-friendly designs and technology to meet the needs of environmentally aware consumers. The emergence of smart cities, with advanced tech and infrastructure, is changing urban development in the country. The COVID-19 pandemic has sped up trends like remote working. This shift is increasing the demand for flexible office spaces and homes with work-from-home areas. Despite challenges like fluctuating oil prices and economic uncertainties, the long-term outlook for the Saudi Arabia real estate market is bright. Government support and a focus on sustainable development are key factors in this positive trend.
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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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