Saudi Arabia Real Estate Market Outlook 2026-2034 Amid Vision 2030 Mega-Project Expansion

Saudi Arabia Real Estate Market Overview

Market Size in 2025: USD 77.2 Billion
Market Forecast 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-powered valuation platforms from the Real Estate General Authority are improving pricing accuracy by around 25%, cutting manual appraisal time and helping banks, brokers, and buyers close deals faster with more confidence.​

● Digital rental and leasing tools such as the Ejar platform use AI and automated data checks to verify contracts, contributing to more than 8 million documented leases and sharply reducing disputes between landlords and tenants.​

● In giga-projects like NEOM, AI is embedded into planning and building operations, using real-time sensor data to optimize energy consumption in smart buildings and trim operating costs while supporting Saudi sustainability goals.​

● Proptech players are rolling out AI-driven search, recommendation, and virtual-tour engines, turning millions of listings and rental records into personalized suggestions that improve lead conversion and cut marketing waste for developers and agents.​

● Saudi Arabia is building a national tokenization and AI-enabled property infrastructure, enabling fractional digital ownership, automated asset management, and always-on price discovery that opens real estate investing to a much wider investor base.

Saudi Arabia Real Estate Market Trends & Drivers:

One of the strongest forces behind Saudi Arabia's real estate upswing is the government's housing and urban-transformation push under Vision 2030, which is turning policy into very visible product on the ground. Programs like Sakani have already supported more than 1.4 million Saudi families with housing solutions, and recent updates show tens of thousands of new beneficiaries and handovers in a matter of months, backed by non‐refundable support packages of up to SAR 150,000 per household. Homeownership among Saudi families has climbed to roughly 64%, putting the country within striking distance of its 70% target and keeping residential demand resilient even as prices in prime districts edge higher. For developers and lenders, that creates a broad, stable demand base rather than a purely speculative cycle.​

A second big growth engine is the rapid opening of the market to international capital and more sophisticated investment structures, which is reshaping everything from pricing to product design. The new real estate ownership law for non‐Saudis allows foreign individuals and entities to own and invest in designated zones across the Kingdom, with implementation expected to kick in after a short grace period and supported by a streamlined digital approval process measured in days, not months. On top of that, Premium Residency now ties long‐term status to residential assets starting around SAR 4 million, while transaction taxes have been cut from 10% to 5%, materially improving returns for serious buyers. Listed REITs and cross‐border deals in logistics parks, offices, and mixed‐use schemes are also deepening institutional participation, adding liquidity and transparency to what used to be a very locally held asset class.​

The third major driver is the wave of giga‐projects and smart, sustainable city initiatives that are redefining what "prime" real estate looks like in Saudi Arabia. NEOM, the Red Sea destination, Qiddiya, Diriyah Gate, and other Vision 2030 flagships involve investments running into the hundreds of billions of dollars, with Qiddiya alone targeted to add thousands of housing units and tens of thousands of new jobs as its leisure and entertainment clusters ramp up. These projects are being built as fully integrated, tech‐enabled communities, with AI‐driven planning, digital land registries, and smart building systems that cut operating costs and energy use, aligning closely with the Saudi Green Initiative. For investors, that means high‐profile districts where tourism, entertainment, logistics, and residential demand stack on top of each other, creating durable rental streams and strong end‐user appetite for both luxury and mid‐market product.

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)

Ask analyst of customized report: https://www.imarcgroup.com/request?type=report&id=16117&flag=E

Recent News and Developments in Saudi Arabia Real Estate Market

● December 2025: Saudi regulators highlight a "new phase" of advanced digital governance and AI-enabled oversight, tightening rules while boosting transparency and investor confidence across the real estate sector.​

● August 2025: Saudi Arabia approves a landmark foreign ownership law, allowing non-Saudis to buy property in designated zones, capping related fees at about 5% and expanding investment opportunities.​

● July 2025: REGA confirms Ejar has documented over 8 million rental contracts, including 6.6 million residential agreements, signaling rapid adoption of digital leasing and stronger landlord-tenant protections.

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.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-201971-6302

This release was published on openPR.