Saudi Arabia Real Estate Market 2025: Growth Fueled by Vision 2030 and Mega Projects

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.

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

• AI-powered platforms like Quant use satellite data to provide real-time property insights, analyzing 25 trillion data points for investors.
• Vision 2030’s NEOM integrates AI for urban planning, managing 1 million residents with blockchain-based real estate transactions.
• JLL’s Falcon AI platform enhances investment decisions, cutting energy use by 30% in Saudi’s smart commercial buildings.
• Sakani program uses AI to streamline 96,000 housing applications, boosting transparency with digital mortgage systems.
• AI-driven PropTech in Riyadh’s 694 neighborhoods optimizes pricing, driving $20.6 billion in residential deals.

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Saudi Arabia Real Estate Market Trends & Drivers:

Saudi Arabia’s Vision 2030 is turbocharging the real estate market with massive projects like NEOM and Qiddiya, driving demand for residential and commercial spaces. The government’s Sakani program has already supported over 96,000 families with affordable housing, while $1 trillion in infrastructure investments fuel urban growth. Companies like Emaar and Al Saedan are launching mixed-use developments, with Riyadh seeing a 99.7% occupancy rate for Grade A offices. These initiatives are creating vibrant communities, attracting global firms like Siemens, which set up regional headquarters, and boosting the economy with new jobs and investment opportunities.

The residential sector is booming, driven by a growing population and supportive policies. With 61% of real estate transactions being residential, nearly 93,700 deals worth $20.6 billion were recorded recently. The Saudi Central Bank’s down payment reduction to 5% for nationals sparked a 53% surge in Jeddah’s housing transactions. Developers like Dar Al Arkan are building 27,500 new units in Riyadh and Jeddah, catering to young families and expatriates. Demand for modern, sustainable homes with smart tech is rising, pushing developers to innovate and meet the needs of a dynamic, urbanizing population.

Tourism and hospitality are reshaping Saudi Arabia’s real estate landscape, fueled by Vision 2030’s focus on attracting 150 million tourists. The hospitality sector saw a 43.9% rise in revenue per available room, with 148 new flight routes boosting visitor numbers by 20%. Projects like the Red Sea Project and NEOM are driving demand for luxury hotels and resorts. Companies like Jabal Omar are developing mixed-use properties near Mecca, while retail is evolving into “retailtainment” hubs, with innovative malls countering e-commerce growth. These trends are creating vibrant, tourist-friendly spaces 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 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

• July 2025: Foreign ownership law allows non-Saudis to buy property, boosting investment with 84% of global HNWI eyeing Makkah and Madinah.
• July 2025: PropTech Summit highlights AI and blockchain, with 18 new regulations driving 7% GDP growth via digital real estate solutions.
• June 2025: ROSHN’s ALMANAR project in Makkah launches 4,149 sustainable homes, using AI-driven design to house 17,000 residents.

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