GCC Real Estate Market Size to Hit USD 252.80 Billion by 2033: Growth Drivers & Trends

GCC Real Estate Market Overview

Market Size in 2024: USD 131.86 Billion

Market Size in 2033: USD 252.80 Billion

Market Growth Rate 2025-2033: 7.10%

According to IMARC Group’s latest research publication, “GCC Real Estate Market Report by Fund Type (Buyout, Venture Capital (VCs), Real Estate, Infrastructure, and Others), and Country 2025-2033", the GCC real estate market size was valued at USD 131.86 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 252.80 Billion by 2033, exhibiting a CAGR of 7.10% during 2025-2033.

How AI is Reshaping the Future of GCC Real Estate Market

• AI-powered platforms in the GCC are helping developers optimize space and reduce costs by over 10%, boosting project efficiency without changing design intent, says Kaizen AI.
• Governments in the GCC are supporting AI adoption in real estate through smart city initiatives, enhancing urban planning and infrastructure data integration for smoother project delivery.
• AI-driven digital twin technology allows virtual walkthroughs and precise off-plan marketing, improving buyer confidence and accelerating sales in key markets like Dubai and Riyadh.
• Property management uses AI chatbots for tenant engagement and predictive maintenance, cutting operational costs by automating routine tasks and improving resident satisfaction.
• AI algorithms analyze market data for dynamic pricing and risk detection, helping investors and asset managers make smarter decisions in the fast-evolving GCC real estate market.

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GCC Real Estate Market Trends & Drivers:

One of the main drivers fueling the GCC real estate market growth is the strong government focus on economic diversification. Large-scale infrastructure developments, smart city projects, and business-friendly policies across the region are creating attractive environments for investment. For example, the UAE is pushing forward with the $19 billion Masdar City green project in Abu Dhabi, while Kuwait is investing $4 billion in its first smart city, Saad Al-Abdullah. These initiatives, alongside visa reforms and relaxed ownership regulations, encourage both local and international investors, boosting demand for residential, commercial, and mixed-use properties. This strategic focus is transforming urban landscapes and broadening market opportunities for developers and buyers alike.

Rapid population growth and urbanization remain pivotal factors driving the GCC real estate market. High birth rates combined with a steady influx of expatriates have led to increasing demand for housing in major cities. Saudi Arabia, with a significant urban percentage of its population, is witnessing expanding residential zones, modern amenities, and community developments tailored to young and affluent buyers. Developers respond by creating diversified property offerings, ranging from affordable homes to luxury villas and apartments. This demographic shift propels expansion in retail, healthcare, education, and entertainment infrastructure, contributing comprehensively to the region’s real estate vitality and overall quality of urban life.

The rise of sustainable, tech-driven real estate is reshaping market trends across the GCC. Environmental awareness is pushing developers to integrate green building practices, smart home technologies, and energy-efficient designs. Governments support these moves through regulations and incentives that promote eco-friendly construction. Additionally, digital transformation, such as virtual tours and online property transactions, is enhancing customer experience and speeding up sales cycles. Companies are increasingly focusing on mixed-use developments that combine living, working, and leisure spaces, addressing evolving lifestyle demands and helping create vibrant, integrated communities in key hubs like Dubai, Riyadh, and Doha.

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GCC Real Estate Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Property:

• Residential
• Commercial
• Industrial
• Land

Analysis by Business:

• Sales
• Rental

Analysis by Mode:

• Online
• Offline

Regional Analysis:

• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman

Competitive Landscape:

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

Recent News and Developments in GCC Real Estate Market

• 2025 August: Dubai’s real estate market experiences robust buyer interest, with off-plan developments in areas like Arjan, Jumeirah Village Circle, and Dubai South leading demand. Villa supply remains tight in family-friendly gated communities such as Dubai Hills Estate and Arabian Ranches. High-net-worth investors focus on luxury and branded residences in prime locations like Palm Jumeirah and Dubai Marina, driven partly by the UAE’s 10-year residency visa program encouraging long-term investments.
• 2025 July: Saudi Arabia advances its real estate sector with mega-projects like NEOM and Qiddiya reshaping urban landscapes and attracting international investors. Riyadh and Jeddah see rising residential demand, supported by strong infrastructure upgrades. Premium residency initiatives across the GCC continue to boost demand for high-value properties, as governments seek to attract wealthy residents and diversify their economies through real estate investment incentives.
• 2025 June: GCC-wide real estate transactions reach $78.2 billion in Q1, marking a 20% increase driven by Dubai and Abu Dhabi’s strong performance. Abu Dhabi reports the highest growth rates with significant increases in buy-sell and mortgage transactions. Advanced technologies such as AI-driven digital twins are increasingly adopted in property management and development, helping optimize energy use, maintenance, and customer experience, signaling a tech-enabled evolution in the region’s real estate market.

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