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
- Arabian Dyar partners with Google on $100M AI deal, using 15 years of data for smarter land picks, designs, and community management in Saudi projects.
- Vision 2030's Sakani program taps AI to screen applicants and suggest homes, speeding allocations while matching buyer needs precisely.
- AI slashes real estate ops costs up to 20% via predictive maintenance and energy savings of 30% in NEOM and Qiddiya smart projects.
- Proptech AI boosts Riyadh rental yields to 8.5-9.5% through sharp price forecasts and market hotspot predictions for investors.
- HUMAIN's billions in AI deals power real estate with big data tools, aligning with SDAIA for efficient urban planning and sustainability.
Saudi Arabia Real Estate Market Trends & Drivers:
One of the strongest forces behind Saudi Arabia’s real estate boom is the government’s Vision 2030 agenda, which is pushing massive urban development, infrastructure upgrades, and private investment into the sector. The overall real estate market is already valued in the tens of billions of dollars, with some estimates placing total transaction value in the low‑trillion‑riyal range when land, residential, commercial, and industrial assets are combined. Non‑oil GDP growth close to 5 percent is supporting occupier and investor demand, while tight office supply in Riyadh is driving double‑digit rental increases in prime locations. Combined with more flexible regulations and digital land registries, this creates a more transparent, investable environment that appeals to regional and global capital.
Another major driver is the Housing Program under Vision 2030, which is reshaping the residential market by prioritizing homeownership for Saudi families. The Sakani program and the Real Estate Development Fund are key here, with almost 1 million families reportedly supported since launch and recent monthly allocations exceeding 900 million riyals to subsidize financing and down payments. Homeownership has already climbed to around 64 percent, moving steadily toward the 70 percent national target, supported by more than 100,000 financing contracts signed in a single recent year. This is translating into strong mortgage growth, a surge in demand for apartments and villas, and rising land prices in major cities, especially Riyadh, where residential values have been growing faster than the national average.
The third big trend is the rise of giga‑projects and lifestyle‑driven mixed‑use communities, which are redefining what real estate looks like in the kingdom. Flagship developments like NEOM, the Red Sea Project, Qiddiya, Diriyah, and ROSHN’s large-scale residential communities are attracting billions of dollars in committed investment and are expected to create hundreds of thousands of jobs across tourism, entertainment, and services. Surveys show affluent buyers are willing to pay a premium to live in these master‑planned destinations, with some projects drawing more than 4 billion riyals of private residential investment in a single year. For developers and investors, these projects unlock demand for everything from high‑end villas and branded residences to logistics hubs, retail, hospitality, and grade‑A offices around new economic clusters.
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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