Saudi Arabia Real Estate Market Size to Reach USD 109.63 Billion by 2030, Driven by Urban Development and Tourism Growth

Mordor Intelligence has published a new report on the "Saudi Arabia Real Estate Market" offering a comprehensive analysis of trends, growth drivers, and future projections

Introduction: Rising Prospects in the Saudi Arabia Real Estate Market

The Saudi Arabia Real Estate Market is estimated at USD 74.99 billion in 2025 and is expected to reach USD 109.63 billion by 2030, growing at a CAGR of 7.89% during the forecast period (2025-2030). The market is witnessing strong momentum as government-led infrastructure initiatives, rapid urbanization, and growing tourism investments reshape the residential, commercial, and hospitality sectors.

With an increasing focus on economic diversification under Vision 2030, the country is experiencing a surge in real estate demand driven by population growth, rising income levels, and expanding foreign investments.

Report overview: https://www.mordorintelligence.com/industry-reports/saudi-arabia-real-estate-market?utm_source=openpr

Key Trends in the Saudi Arabia Real Estate Market

The Saudi Arabia Real Estate Market is evolving rapidly, supported by several strategic and market-driven factors:

1. Vision 2030 Initiatives Boosting Mega Projects

Under the Kingdom's Vision 2030 economic diversification plan, the government is investing heavily in real estate infrastructure to attract global businesses, tourists, and residents. Projects like NEOM, Qiddiya, and the Red Sea Development are at the center of this transformation, incorporating residential complexes, commercial hubs, and hospitality zones. These initiatives are aimed at positioning Saudi Arabia as a regional business and tourism hub while creating world-class urban centers.

2. Rising Demand for Residential Housing

With a growing population and increasing urban migration, demand for modern housing, including villas, apartments, and gated communities, is accelerating. Government initiatives to boost affordable housing supply, such as the Sakani housing program, are also contributing to this growth. Developers are focusing on mixed-use communities with integrated amenities, catering to both locals and expatriates.

3. Expansion of Commercial Real Estate

The commercial real estate segment is witnessing significant growth with the development of office spaces, retail centers, and hospitality facilities. International businesses entering the Saudi market require modern office infrastructure, while the rise of e-commerce and organized retail is boosting demand for shopping malls and logistics facilities.

5. Emphasis on Sustainability and Smart Cities

Environmental sustainability and digital innovation are becoming priorities in real estate development. Projects such as NEOM aim to be fully powered by renewable energy, integrating smart city technologies, green building materials, and efficient urban mobility solutions. This shift toward sustainable urban living aligns with global real estate trends and enhances the attractiveness of Saudi developments to international investors.

6. Growing Foreign Direct Investment (FDI) in Real Estate

Government reforms allowing 100% foreign ownership in certain real estate sectors have opened doors for global investors. International developers and institutional investors are increasingly partnering with local firms to launch residential, commercial, and hospitality projects, adding further dynamism to the market.

Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/saudi-arabia-real-estate-market?utm_source=openpr

Market Segmentation of Saudi Arabia Real Estate Market

The Saudi Arabia Real Estate Market is segmented by property type, catering to diverse residential and commercial requirements:

By Residential Real Estate:

Apartments

Villas

By Commercial Real Estate:

Offices

Retail Spaces

Hospitality Properties (Hotels, Serviced Apartments, Resorts)

Others (Industrial and Mixed-use Developments)

This segmentation reflects the diverse investment opportunities and ensures that developers can focus on the unique needs of each segment while meeting rising demand from businesses, residents, and tourists.

Key Players in the Saudi Arabia Real Estate Market

Several companies are playing a central role in shaping the Saudi Arabia Real Estate Market, contributing to large-scale developments, sustainable projects, and innovative real estate solutions:

Al Saedan Real Estate - One of the oldest real estate developers in Saudi Arabia, specializing in residential, commercial, and retail properties with a strong focus on quality construction and urban planning.

Kingdom Holding Company - A diversified conglomerate with investments in luxury hotels, commercial towers, and mixed-use real estate developments, both locally and internationally.

Ewaan - Known for developing modern residential communities catering to middle-income groups, providing affordable housing with high-quality amenities.

SEDCO Development - A leading developer focusing on sustainable and mixed-use real estate projects across major Saudi cities.

Jabal Omar Development Company - Specializes in hospitality and commercial projects in Makkah, supporting the country's religious tourism sector with large-scale hotel and retail complexes.

Emaar - A global real estate giant delivering premium residential, commercial, and hospitality projects, including luxury apartments, retail centers, and master-planned communities.

These companies are strengthening their portfolios through innovation, sustainability, and strategic partnerships, contributing significantly to Saudi Arabia's urban transformation.

Explore Our Full Library of Real Estate and Construction Research Industry Reports: https://www.mordorintelligence.com/industry-reports/saudi-arabia-real-estate-market/companies?utm_source=openpr

Conclusion: Future Outlook of the Saudi Arabia Real Estate Market

The Saudi Arabia Real Estate Market is poised for sustained growth as urbanization, tourism, and economic diversification continue to drive real estate demand across residential, commercial, and hospitality sectors. With mega projects under Vision 2030, rising foreign investments, and a strong focus on sustainability, the market is set to deliver modern housing solutions, business hubs, and world-class hospitality infrastructure.

As the government and private developers collaborate to meet growing urban and tourism needs, the market will remain central to Saudi Arabia's long-term development strategy. Emerging opportunities in smart cities, sustainable buildings, and tourism-led real estate will continue to attract local and international investors in the years ahead.

For complete market analysis, please visit the Mordor Intelligence page: https://www.mordorintelligence.com/industry-reports/saudi-arabia-real-estate-market?utm_source=openpr

Industry Related Reports

Malaysia Real Estate Market: The Real Estate Industry in Malaysia is Segmented by Type (Residential Real Estate (Villas, Apartments, and Other Types) and Commercial Real Estate (Offices, Retail, Hospitality, Industrial, and Other Types).
Get more insights: https://www.mordorintelligence.com/industry-reports/analysis-of-real-estate-market-in-malaysia?utm_source=openpr

Brazil Residential Real Estate Market: The Brazil Residential Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Villas & Landed Houses, Apartments & Condominiums), by Price Band (Affordable Housing, Mid-Market, and Luxury), by Mode of Sale (Primary (New-Build), and More), and by Key Cities (São Paulo, Brasília, and More).
Get more insights: https://www.mordorintelligence.com/industry-reports/residential-real-estate-market-in-brazil?utm_source=openpr

US Luxury Residential Real Estate Market: United States Luxury Residential Real Estate Market Report is Segmented by Property Type (Apartments and Condominiums, and Villas and Landed Houses), by Business Model (Sales and Rental), by Mode of Sale (Primary (New-Build) and Secondary (Existing-Home Resale)), and by Region (Northeast, Midwest, Southeast, West and Southwest).
Get more insights: https://www.mordorintelligence.com/industry-reports/united-states-luxury-residential-real-estate-market?utm_source=openpr

UAE Residential Real Estate Market: The UAE Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Emirates (Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah and Rest of UAE).
Get more insights: https://www.mordorintelligence.com/industry-reports/residential-real-estate-market-in-uae?utm_source=openpr

For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
Mordor Intelligence, 11th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli, Hyderabad, Telangana - 500032, India.

About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

This release was published on openPR.