Saudi Arabia Residential Real Estate Market Size to Surpass USD130.8 Billion by 2033, at a CAGR of 6.9%

Saudi Arabia Residential Real Estate Market Overview

Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 6.9% (2025-2033)

The Saudi Arabia residential real estate market is witnessing dynamic growth, driven by urbanization, rising disposable incomes, and ambitious government initiatives under Vision 2030. 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 residential real estate market in Saudi Arabia is experiencing a boom in demand, due to Vision 2030 housing goals and a stronger population. Initiatives such as the Sakani program, which provides subsidies and financing options for first-time home buyers, are helping families become home owners with government participation. Increased urbanization and demand in major cities such as Riyadh and Jeddah have led to the development of modern residential communities with integrated amenities. There is an emphasis on sustainable housing also, which focusses on the use of energy-efficient materials in residential development for eco-friendly buyers. The demand for apartments and affordable housing is bolstered by an increasing number of expatriates seeking housing in Saudia Arabia and younger population demographics in Saudi Arabia. Digital property platforms have also made property searches easier than before, contributing to the ongoing growth of the market.

The market is evolving in tandem with the adoption of smart homes and luxury developments that appeal to affluent clients. High-net-worth clients are investing in premium properties with advanced features, including home automation and green systems. Furthermore, public-private partnerships are driving the growth of large and significant projects beyond what has previously been seen, such as NEOM and Qiddiya- both of which have residential components. Moreover, changes to the regulation of the sector, including the simplification of mortgage procurement, encouraging investment capital within the sector and increasing transparency with potential buyers. The residential real estate sector is experiencing a demand surge as consumer disposable incomes increase and infrastructure improves. The sector is positioned to succeed with the continued intervention and encouragement from government stakeholders, and ultimately, an intention to provide quality living space for clients that aligns with economic diversification within KSA.

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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:

● Jabal Omar Development Company
● Al sedan Holding Company
● Emaar Properties PJSC
● Sedco Development
● Abdul Latif Jameel Property Company Limited
● Christie's International Real Estate
● Coldwell Banker
● Al Habtoor Group L.L.C

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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

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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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This release was published on openPR.