Saudi Arabia Real Estate Market Set to Surge $132.65 Billion by 2033, With a CAGR of 7.0%

Saudi Arabia Real Estate Market Overview

Market Size in 2024: USD 72.11 Billion
Market Size in 2033: USD 132.65 Billion
Market Growth Rate 2025-2033: 7.0%

According to IMARC Group's latest research publication, "Saudi Arabia Real Estate Market Size, Share, Trends and Forecast by Property Type, and Region, 2025-2033", The Saudi Arabia real estate market size reached USD 72.11 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 132.65 Billion by 2033, exhibiting a growth rate (CAGR) of 7.0% during 2025-2033.

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How AI is Reshaping the Future of Saudi Arabia Real Estate Market

● AI-powered property valuation tools in Saudi Arabia improve pricing accuracy by 30%, helping buyers and sellers make informed decisions quickly and fairly.

● Government-backed AI initiatives analyze urban growth patterns, optimizing infrastructure development and housing allocation according to real-time demand data.

● AI-driven virtual reality tours enhance buyer engagement by 40%, offering immersive experiences of properties remotely, accelerating purchase decisions.

● Smart AI algorithms streamline construction project management, reducing delays by 25% and enhancing resource allocation in mega projects like NEOM.

● Personalized AI chatbots improve customer service for real estate firms, handling 60% of inquiries efficiently and boosting client satisfaction rates significantly.

Saudi Arabia Real Estate Market Trends & Drivers:

● Saudi Arabia's real estate market is growing robustly, powered by rising income levels and expanded financing options that have made homeownership more accessible. With mortgage down payments lowered to 5% for first-time buyers and innovative government housing programs like Sakani facilitating over 1.2 million families, purchase affordability has significantly increased. This shift broadens the consumer base and stimulates demand for residential, commercial, and mixed-use developments. The favorable demographics, urbanization, and evolving lifestyle preferences contribute further to diversified real estate investments across key cities such as Riyadh, Jeddah, and emerging urban hubs.​

● The government's Vision 2030 reform agenda is a major driver in transforming the real estate landscape. Significant infrastructure investments and giga-projects, including NEOM, The Line, and Qiddiya, are creating new urban and tourism hubs that attract domestic and foreign investment. Regulatory changes allowing non-Saudis to own property in designated zones further open the market to global capital. Tax reforms and tenant protection laws are stabilizing the market by controlling speculative activities while promoting transparency and sustainable development. Riyadh's new regulations aim to balance supply and demand, addressing surging land and rental prices for long-term market health.​

● Technological innovation and sustainability trends are shaping the future of Saudi Arabia's real estate sector. The increased use of smart city technologies, AI for data-driven urban planning, and digital property transaction platforms enhance market efficiency and transparency. There is growing demand for green building practices, driven by environmental regulations and the Kingdom's net-zero emissions ambitions. Additionally, the rise of e-commerce and logistics is increasing the need for warehousing and fulfillment centers, while shifting consumer preferences favor mixed-use communities that offer live-work-play environments, reflecting the integration of modern urban lifestyles with sustainable growth strategies.

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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

● October 2025: Saudi Arabia passed a new property ownership law allowing non-Saudis to buy real estate, boosting foreign investment by 20% in eligible zones.

● September 2025: AI-driven smart city projects in NEOM employ predictive analytics to optimize urban planning, enhancing sustainability and housing efficiency by 30%.

● August 2025: Riyadh launched an e-permitting platform automating property transactions, cutting approval times by 50%, accelerating real estate development and investor confidence.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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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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