Saudi Arabia Residential Real Estate Market: Rising Urban Projects and Investment Opportunities to 2033

Saudi Arabia Residential Real Estate Market Overview

Market Size in 2024: USD 71.8 Billion
Market Size in 2033: USD 130.8 Billion
Market Growth Rate 2025-2033: 6.9%

According to IMARC Group's latest research publication, "Saudi Arabia Residential Real Estate Market Report by Type (Condominiums and Apartments, Villas and Landed Houses), and Region 2025-2033", The 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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How AI is Reshaping the Future of Saudi Arabia Residential Real Estate Market

● AI-powered property valuation tools enable faster, more accurate pricing, helping buyers and sellers make well-informed decisions in Saudi's competitive market.

● Saudi developers use AI-driven design software to optimize space and energy efficiency in residential projects, aligning with sustainability goals under Vision 2030.

● Chatbots and virtual assistants powered by AI improve customer service in property sales and rentals, creating seamless user experiences and faster response times.

● AI analyzes market trends and buyer preferences to tailor housing options, increasing satisfaction and reducing vacancy rates in newly developed communities.

● Smart home technologies integrated with AI enhance security, energy management, and convenience, boosting the appeal of Saudi Arabia's modern residential properties.

Saudi Arabia Residential Real Estate Market Trends & Drivers:

● The Saudi Arabian government continues to drive the residential real estate market with ambitious plans for urban development and housing projects. The Sakani program, which provides affordable housing solutions, has facilitated the construction of over a million homes, making homeownership more accessible for many citizens. Additionally, deregulation efforts and the easing of mortgage conditions have made financing more flexible, encouraging more individuals and expatriates to invest in residential properties. These initiatives not only boost demand but also help modernize the housing landscape, making it more inclusive and aligned with the kingdom's Vision 2030 goals for economic diversification and social stability.

● Another key factor fueling growth is the influx of foreign investments and the rise of mega-projects like NEOM, providing a premium appeal to upscale living spaces. With increased foreign ownership allowed in certain sectors, international investors see Saudi Arabia as a promising market. Many new developments are centered around smart, sustainable communities with modern amenities, attracting wealthy buyers and expatriates. This trend is further supported by a surge in high-end residential properties, luxury developments, and retail-integrated communities that cater to the rising demand for lifestyle-oriented living options, significantly shaping the future of the real estate market.

● Emerging trends in the market include the integration of technology and sustainability practices. Smart homes equipped with IoT devices and energy-efficient systems are becoming more common, addressing the country's commitment to environmental sustainability. Developers are focusing on eco-friendly designs, renewable energy solutions, and water conservation technologies amid increasing environmental awareness. Additionally, flexible living spaces and mixed-use developments are gaining popularity, blending residential, commercial, and leisure amenities into cohesive communities. These innovations are appealing to a younger, tech-savvy demographic and expatriates seeking modern lifestyles, ensuring the sector's continued resilience and expansion.

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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

Recent News and Developments in Saudi Arabia Residential Real Estate Market

● October 2025: NEOM launches smart residential district featuring AI-managed energy systems and IoT-enabled homes, enhancing sustainability and resident convenience.

● September 2025: Ministry of Housing expands Sakani program, delivering 150,000 affordable homes with digital application processes and AI-driven allocation systems.

● August 2025: Leading developers integrate AI-powered virtual reality tours, boosting buyer engagement and accelerating property transactions in Saudi's residential market.

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.

About Us:

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.