Press release
Saudi Arabia Residential Real Estate Market to Reach USD 130.8 Billion by 2033 | Growing at a CAGR of 6.9%
๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐-๐๐๐๐According to IMARC Group's report titled "๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฒ ๐๐ฒ๐ฉ๐ (๐๐จ๐ง๐๐จ๐ฆ๐ข๐ง๐ข๐ฎ๐ฆ๐ฌ ๐๐ง๐ ๐๐ฉ๐๐ซ๐ญ๐ฆ๐๐ง๐ญ๐ฌ, ๐๐ข๐ฅ๐ฅ๐๐ฌ ๐๐ง๐ ๐๐๐ง๐๐๐ ๐๐จ๐ฎ๐ฌ๐๐ฌ), ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง ๐๐๐๐-๐๐๐๐", the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.
๐๐จ๐ฐ ๐๐ข๐ ๐ข๐ฌ ๐ญ๐ก๐ ๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ?
The Saudi Arabia residential real estate market was valued at ๐๐๐ ๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง in 2024 and is projected to grow to ๐๐๐ ๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง by 2033, with an expected compound annual growth rate (๐๐๐๐) ๐จ๐ ๐.๐% from 2025 to 2033.
๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The Saudi Arabia residential real estate market is under rapid transformation due to urbanization processes, a strong market growth driven by population increase, and a government plan to increase the rate of homeownership. In essence, the increasing population requires cost-effective and mid-scale accommodation for making it trendy for the young, offering facilities in the homes concerned. With such a rise in trends, the introduction of green and smart housing solutions is getting rapidly developed as an answer to the ever-changing customer needs, where the developers are including energy-efficient designs along with smart home technologies. Also, the advent of mixed-use developments and gated communities provides the citizens with an option of convenience, a high degree of security, and a hushed lifestyle.
In addition, with the involvement of regulations surrounding the enhancement of affordability and accessibility, the extended mortgage facilities are likely to spur investments both locally and abroad. Interestingly, even the luxury homes market is gaining momentum, with residences for the affluent ones sitting on the prime feeders of a large residential estate. Otherments, the effect of rising digital management of the real estate transactions include easier buying and rental processes, increased market transparency, and faster resolution. All said and done, post a positive economic outlook and continuous infrastructure development, the Saudi Arabia residential real estate market is set to open considerably wide avenues for growth, catering at one go to the broader interests of both buyers and investors while deciding the future of urbanization in this region.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/saudi-arabia-residential-real-estate-market/requestsample
๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐จ๐ฉ๐ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
The residential real estate sector in Saudi Arabia is just about to be redefined given the rise in population and urbanization complemented by vigorous government endeavours geared toward helping increase homeownership rates. This means that the demand for modern housing needs, which include affordable, mid-level, and luxury housing units, have now been thrust onto the spotlight as a function of rising disposable incomes, youthful, and ever-growing working populations. On the other hand, mega infrastructure projects alongside smart city developments are reinventing the fabric of society, together with both national and international investments. Favorable movement in mortgage policies and cash incentives would make homeownership more accessible, thus supporting market activity.
Sustainable and technology-enabled housing options are now making huge decisions in buying preferences, while energy-efficient homes and smart technology could be essential in differentiating home buying streams. Undoubtedly, viable sustenance in terms of expatriates flooding into the kingdom favours the real estate sector with quality rental properties and gated communities. Also, mixed-use and integrated lifestyle communities add to residential real estate charm and offer a wholesome response to changing consumer needs. Finally, with government support, an optimistic economic outlook, and investor confidence, the Saudi residential property sector remains an opportunity for developers, investors, and homebuyers willing to act and benefit from sustained growth and modernization within the sector.
๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest Saudi Arabia residential real estate market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐ฒ๐ฉ๐:
โข Condominiums and Apartments
โข Villas and Landed Houses
๐๐ซ๐๐๐ค๐ฎ๐ฉ ๐๐ฒ ๐๐๐ ๐ข๐จ๐ง:
โข Northern and Central Region
โข Western Region
โข Eastern Region
โข Southern Region
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐จ๐ซ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
๐๐ฌ๐ค ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: https://www.imarcgroup.com/request?type=report&id=13863&flag=C
๐๐ญ๐ก๐๐ซ ๐ค๐๐ฒ ๐๐ซ๐๐๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ:
โข COVID-19 Impact on the Market
โข Porter's Five Forces Analysis
โข Strategic Recommendations
โข Market Dynamics
โข Historical, Current and Future Market Trends
โข Market Drivers and Success Factors
โข SWOT Analysis
โข Value Chain Analysis
โข Comprehensive Mapping of the Competitive Landscape
โข Top Winning Strategies
โข Recent Industry News
โข Key Technological Trends & Development
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
โข ๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐ข๐ซ๐ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/saudi-arabia-tire-market/requestsample
โข ๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/saudi-arabia-luxury-market/requestsample
โข ๐๐๐ฎ๐๐ข ๐๐ซ๐๐๐ข๐ ๐๐๐ญ ๐ ๐จ๐จ๐ ๐๐๐ซ๐ค๐๐ญ: https://www.imarcgroup.com/saudi-arabia-pet-food-market/requestsample
๐๐จ๐ญ๐: ๐๐ ๐ฒ๐จ๐ฎ ๐ง๐๐๐ ๐ฌ๐ฉ๐๐๐ข๐๐ข๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐ญ๐ก๐๐ญ ๐ข๐ฌ ๐ง๐จ๐ญ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ๐ฅ๐ฒ ๐ฐ๐ข๐ญ๐ก๐ข๐ง ๐ญ๐ก๐ ๐ฌ๐๐จ๐ฉ๐ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ฐ๐ ๐๐๐ง ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ ๐ข๐ญ ๐ญ๐จ ๐ฒ๐จ๐ฎ ๐๐ฌ ๐ ๐ฉ๐๐ซ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง.
๐๐๐๐๐ ๐๐ซ๐จ๐ฎ๐ฉ
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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