Saudi Arabia Real Estate Market Overview

Market Size in 2025: USD 77.2 Billion

Market Size in 2034: USD 137.8 Billion

Market Growth Rate 2026-2034: 6.70%

According to IMARC Group's latest research publication, "Saudi Arabia Real Estate Market Size, Share, Trends and Forecast by Property Type, and Region, 2026-2034", the Saudi Arabia real estate market size was valued at USD 77.2 Billion in 2025. Looking forward, IMARC Group estimates the market to reach USD 137.8 Billion by 2034, exhibiting a CAGR of 6.70% during 2026-2034. 

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

• AI-enabled platforms and the MoJ Real Estate Market are enabling searches and registration of around 500,000 property transactions, as well as speedier purchases and due diligence.
• AI valuation models using public price indices, such as the latest official index's 2.6% rise, can help investors price their assets faster.
• Saudi Arabia's AI initiatives such as the SDAIA's Open Data and National AI Index support PropTech by improving smart city initiatives and data-driven asset management.
• Local PropTech firms and international consulting firms are also using AI for lead matching and virtual viewings. The PropTech market was estimated to be worth around USD 865 million.
• AI predictive maintenance and smart contracts reduce asset downtime and paperwork, and have been deployed in platforms with over 210,000 indexed transactions.

Saudi Arabia Real Estate Market Trends & Drivers:

Saudi Arabia real estate market Outlook is being propelled by the ambitious Vision 2030 framework, which channels massive government funding into urban development, mega tourism projects, and infrastructure upgrades. This initiative drives demand across housing, retail, and commercial properties as new urban centers and smart city projects like NEOM and Qiddiya reshape the landscape. The government’s support helps create sustainable communities, boosts homeownership programs like Sakani, and increases overall consumer spending power, fueling a vibrant real estate ecosystem that is more integrated with the Kingdom's broader economic diversification goals.​

Foreign investment is also becoming a cornerstone of real estate growth as Saudi Arabia liberalizes ownership rules and encourages international capital inflows. Recent reforms allow non-Saudis to buy and invest in properties, including in key cities such as Riyadh, Jeddah, Makkah, and Madinah. This creates fresh opportunities for global investors and real estate companies to participate actively, improving market liquidity and development pace. The introduction of real estate investment trusts (REITs) and enhanced transparency attracts a broader investor base while ensuring regulatory oversight remains strong.​

Urbanization and demographic factors remain fundamental to market expansion, with Saudi Arabia’s young population driving rising demand for modern housing and mixed-use developments. Over 60% of households now own homes, with a goal to hit 70% homeownership aligned with government programs easing housing finance. Lifestyle shifts toward community-focused living, smart homes, and sustainable construction practices further stimulate demand for quality residential and commercial spaces. Integration of technology and ESG principles in real estate projects adds long-term value, supporting the country’s ambitions for livability and environmental responsibility.

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%.

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