Saudi Arabia Real Estate Market to Grow USD 137.8 Billion At a CAGR 6.70% by 2034: Latest Trends & Outlook

Saudi Arabia Real Estate Market Overview

Market Size in 2025: USD 77.2 Billion
Market Size in 2034: USD 137.8 Billion
Market Growth Rate 2026-2034: 6.70%

According to IMARC Group's latest research publication, "Saudi Arabia Real Estate Market Size, Share, Trends and Forecast by Property Type and Region, 2026-2034", The Saudi Arabia real estate market size was valued at USD 77.2 Billion in 2025. Looking forward, IMARC Group estimates the market to reach USD 137.8 Billion by 2034, exhibiting a CAGR of 6.70% during 2026-2034.

Download a sample PDF of this report: https://www.imarcgroup.com/saudi-arabia-real-estate-market/requestsample

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

● AI pricing models and property analytics can reduce valuation errors and help investors make the right decision. 93,700 deals were signed in Saudi residential transactions representing SAR 77.5 billion.

● Vision 2030 and the SDAIA are making data and AI integral to Saudi real-estate planning: 66 of 96 Vision goals relate to data and AI.

● PropTech platforms are also on a rapid rise. With a market value of US$865 million, it assists developers in asset management with AI-driven listings, tokenization, and smart contracts.

● Smart-city initiatives (also under giga-projects), including NEOM (Saudi Arabia) with USD 28.7 billion infusion, leverage AI to run sensor networks, predictive maintenance/seasonal scenarios and energy optimization.

● Leading real estate platforms like Property Finder and several local PropTech firms are using AI to streamline leasing and improve tenant-matching, while residential investment interest recently reached about USD 1.22 billion.

How Vision 2030 is Transforming Saudi Arabia Real Estate Industry?

Saudi Arabia's Vision 2030 is revolutionizing the real estate market by diversifying the economy beyond oil, fueling a housing boom and mega-projects like NEOM and the Red Sea development. Homeownership has surged to 65.4% by late 2024, nearing the 70% target through massive residential investments and urbanization-driven demand. Public-private partnerships are boosting private-sector involvement to 65% of GDP, while infrastructure financing spurs commercial growth.

Saudi Arabia Real Estate Market Trends & Drivers:

Saudi Arabia's real estate market is being shaped by the government's push to diversify the economy through giga-projects and major urban developments. Projects like NEOM, the Red Sea Global resorts, and Diriyah Gate are spurring investment interest, encouraging foreign direct investment, and creating thousands of new housing and commercial units. Local authorities report over 400,000 new residential units in the pipeline, with large-scale infrastructure expansion making it easier for people and businesses to move in. These high-profile ventures are attracting global investors as well as local developers eager to be part of the Kingdom's rapid urban transformation, making real estate one of the most dynamic sectors in the country right now.

A significant trend is the rise in demand for modern, tech-enabled living and working spaces, as seen in the surge of smart city initiatives across Saudi Arabia. Residential and commercial properties equipped with smart technology and sustainability features are seeing rising uptake, especially among young professionals and expatriates. New mixed-use projects are integrating green building practices and digital amenities, responding to a population that expects convenience and digital connectivity at home and in the workplace. For instance, developers in Riyadh and Jeddah are delivering properties with integrated IoT devices, energy-saving systems, and superior digital infrastructure, reflecting growing expectations for smarter urban lifestyles.

Government-backed housing programs and reforms are also fueling real estate growth by making buying and renting easier and more attractive. Initiatives such as the Sakani program are supporting Saudi nationals with subsidized mortgages and streamlined application processes, leading to a jump in residential ownership rates. Digital platforms for property transactions have improved transparency and shortened the time it takes to close a deal. Industry sources highlight that more than 100,000 families benefit annually from these schemes, and digital real estate services are handling a growing share of property sales. This is driving higher transaction volumes and supporting sustained market momentum across the Kingdom.

Buy the Latest 2026 Edition: https://www.imarcgroup.com/checkout?id=16117&method=1315

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

● 2025 November: Saudi Arabia officially approves foreign ownership law allowing non-Saudis to buy residential and commercial properties, including in mega projects, boosting foreign investment influx.

● 2025 October: The PropTech Summit 2025 showcases AI, IoT, and blockchain driving efficiency in property management, digital transactions, and smart cities, shifting the real estate tech landscape.

● 2025 August: Riyadh and Jeddah see rising rental rates and strong residential sales, with master-planned communities expanding northward to meet growing demand for integrated living spaces.

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.