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:

Rapid urbanization combined with government-led mega infrastructure projects is a clear growth driver in the real estate market outlook in Saudi Arabia. Initiatives like the NEOM city, Red Sea development, and Riyadh Metro have sparked demand for commercial, residential, and mixed-use properties. The government’s Vision 2030 framework promotes diversification beyond oil, with an increasing focus on affordable housing and sustainable urban living options. Over 81 million domestic tourists and nearly 27 million international visitors further drive hospitality and retail real estate demand, fueling investment and development momentum across key cities.​

Government-backed affordable housing programs have radically changed the market landscape by easing financing and expanding homeownership access. The Sakani Program, for example, has helped more than 1.2 million Saudi families secure homes by offering subsidized loans and slashing down payment requirements to as low as 5%. Coupled with mortgage refinancing efforts by institutions like the Saudi Real Estate Refinance Company, these initiatives raised homeownership rates to above 60%, unlocking new demand in the residential segment and pushing up real estate activity substantially.​

Technology adoption and regulatory reforms are also reshaping sector growth by increasing transparency and foreign investment opportunities. The introduction of digital platforms for property transactions, combined with new leasing regulations under the Ejar system, ensures safer, more efficient market operations. Additionally, foreign ownership reforms in designated zones and investment vehicles such as REIFs have attracted global capital, as shown by over 130 foreign real estate licenses issued recently. These reforms contribute to growing market confidence and expansion across residential, commercial, and industrial real estate.

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

• November 2025: Saudi Real Estate General Authority launched an AI-powered property valuation platform, improving accuracy by 25% and speeding up transaction processes significantly.
• October 2025: New digital leasing regulations under the Ejar system increased rental market transparency, reducing disputes by 40% and boosting investor confidence across major cities.
• September 2025: The Sakani Program reached 1.3 million beneficiaries, accelerating affordable housing delivery through innovative financing models and cutting down waiting times by 20%.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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