Saudi Arabia Residential Real Estate Market Report 2025 Edition: Industry Market Size, Share, Growth and Competitor Analysis

Saudi Arabia Residential Real Estate Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

The Saudi Arabia Residential Real Estate Market is experiencing significant growth driven by Vision 2030 initiatives, urbanization, and increasing housing demand. According to the latest report by IMARC Group, Saudi Arabia residential real estate market size reached USD 71.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 130.8 Billion by 2033, exhibiting a growth rate (CAGR) of 6.9% during 2025-2033.

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Saudi Arabia Residential Real Estate Industry Trends and Drivers:

The Saudi Arabian residential real estate market has changed a lot in recent years. This shift is mainly due to Vision 2030 initiatives. These initiatives aim to diversify the economy and lessen reliance on oil. A major trend is the growing demand for affordable housing, especially from the rising middle class. The government has launched programs like Sakani to help people buy homes. These programs provide financial support and make the buying process easier.Urbanization is also impacting the market. Cities like Riyadh, Jeddah, and Dammam are seeing a rise in residential developments. High-rise apartments and gated communities are popular, appealing to younger urban professionals who want modern amenities. These trends show a move toward sustainable and community-focused living spaces, in line with broader economic and social goals.

Another important trend is the increasing interest in luxury properties, especially among expatriates and wealthy individuals. Projects like NEOM, the Red Sea Project, and Qiddiya are changing luxury living. They offer top-notch facilities and unique lifestyle options. Foreign investment is growing too, thanks to regulatory reforms that allow non-Saudis to buy property in some areas. However, issues like fluctuating oil prices and economic uncertainty still affect the market. Despite this, the market stays strong. Developers are using innovative strategies to meet changing consumer needs. The use of technology, like smart home features and online property platforms, is making Saudi Arabia's residential real estate market more appealing. It is becoming a key player in the region's property scene.

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Saudi Arabia Residential Real Estate Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Condominiums and Apartments
Villas and Landed Houses

Breakup by Region:

Northern and Central Region
Western Region
Eastern Region
Southern Region

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major have been provided.
The Saudi Arabia residential real estate market is highly competitive, with both local and international developers actively participating. Major Saudi Arabia residential real estate market companies include Saudi Real Estate Company (Al Akaria), Dar Al Arkan, and Jabal Omar Development Company, focusing on various segments from affordable to luxury housing. New entrants are attracted by government initiatives and economic reforms promoting real estate development. Additionally, international firms like Emaar Properties have entered the market, bringing expertise in large-scale, mixed-use developments. For instance, in April 2024, ROSHN Group, Saudi Arabia signed a partnership agreement with developer, Dar Al Arkan for the development of residential villas in Phase 1A, SEDRA Community. The value of the agreement is SAR 215 million. The deal comes as part of the group's efforts to further strengthen its leadership in the Kingdom's real estate market by expanding its strategic partnerships with best-in-class entities.

Key highlights of the Report:

Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter's Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.