Saudi Arabia Real Estate Market: Growth Projection, Share, Industry Size & Outlook 2033

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 property valuation tools improve pricing accuracy by 25%, helping Saudi real estate professionals make smarter investment and sales decisions with enhanced data insights.
• The Saudi Data and AI Authority (SDAIA) supports AI-driven urban planning tools that integrate demographic and environmental data, optimizing development projects across mega cities like NEOM.
• AI chatbots handle over 60% of customer inquiries for real estate companies, accelerating lead generation and streamlining buyer-seller interactions with personalized responses.
• Smart home integration powered by AI is boosting demand, with 35% of new residential projects featuring AI-enabled security, energy management, and home automation systems.
• AI-driven market analytics help developers forecast demand hotspots and design tailor-made housing solutions, enabling real-time adjustment to shifting consumer preferences and economic factors.

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Saudi Arabia Real Estate Market Trends & Drivers:

Saudi Arabia’s real estate market growth is strongly propelled by Vision 2030 initiatives focusing on economic diversification and urban development. Mega projects like NEOM and the Red Sea project are transforming urban landscapes, driving demand for residential, commercial, and mixed-use properties. Land sales dominate transactions, especially in Riyadh, where private and public sector investments are fueling a construction surge. The government’s push for affordable housing through the Sakani program and regulatory reforms ensures more Saudi families gain access to home ownership, stimulating market activity across various price segments.

A landmark development boosting the market is the new real estate foreign ownership law effective January 2026. This legislation opens ownership rights to non-Saudis in designated zones like Riyadh and Jeddah, facilitating more than $30 million project investments. It aligns with Vision 2030 goals to attract global capital and elevate urban development standards while balancing national security interests. The reforms enable foreign entities to invest in private residences, commercial offices, warehouses, and industrial facilities after meeting regulatory approvals, thus expanding liquidity and increasing competitiveness in the market.

Emerging trends in sustainability and digital transformation are reshaping Saudi Arabia’s real estate sector. Developers increasingly adopt green building standards and smart city technologies to enhance energy efficiency and quality of life. Digital platforms for property transactions enhance transparency and speed, attracting tech-savvy investors. Additionally, surging demand for logistics and warehouse spaces fueled by e-commerce growth influences new real estate development priorities. Public-private partnerships and enhanced financing options further encourage innovative projects, positioning the sector for sustainable long-term growth while catering to evolving consumer and investor expectations.

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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

• Sep 2025: New AI-driven urban planning platform launched for NEOM, improving project efficiency by 30% through advanced data analytics and smart infrastructure design.
• Aug 2025: Saudi government enacted landmark foreign ownership law, opening real estate investments to non-Saudis in key cities and boosting market liquidity by over $1 billion.
• Jul 2025: Leading developer integrated smart home AI systems across 40% of new residential units, enhancing energy efficiency and security features for modern urban living.

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