Saudi Arabia Real Estate Market to Reach USD 137.8 Billion by 2034 at CAGR of 6.70%

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.

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

● AI sharpens property valuations in Saudi Arabia's real estate scene, with models boosting pricing accuracy by up to 20% through crunching transaction data and trends, helping buyers snag better deals while developers price smarter. Vision 2030 backs this via SDAIA, pumping resources into AI tools that cut guesswork from investments.

● The Sakani housing program taps AI to screen applicants faster, matching over thousands to homes with personalized picks that slash wait times and ramp up satisfaction in a market hungry for affordable options. This government push aligns with digital transformation goals, making homeownership feel less like a maze.

● Predictive analytics from AI slashes maintenance costs by 15-25% in property management, spotting issues early via sensor data in commercial and residential spots, keeping tenants happier and buildings running smooth. Companies like those in NEOM lead here, blending tech with everyday ops seamlessly.

● Smart city projects like NEOM weave AI into urban planning, optimizing infrastructure to sync real estate growth with sustainability, drawing billions in green investments that reshape skylines. Government schemes fuel this, turning futuristic visions into thriving neighborhoods.

● Virtual tours powered by AI boost buyer engagement by 30%, letting folks explore properties remotely with interactive features, transforming marketing in Saudi's booming market. Evolving platforms make deals quicker, exciting investors eyeing the next big hotspot.

Saudi Arabia Real Estate Market Trends & Drivers:

Saudi Arabia's real estate market is buzzing right now, thanks to massive Vision 2030 projects like NEOM and the Red Sea Project that are pulling in huge investments and reshaping urban living. NEOM, with its whopping $500 billion price tag, blends residential, commercial, and tourism spaces focused on sustainability, drawing global attention to futuristic developments. Meanwhile, the Red Sea Project is rolling out luxury resorts and homes amid stunning natural spots, boosting demand for high-end coastal properties. These initiatives aren't just talk-they've fueled transactions hitting SAR 1.2 trillion (about USD 320 billion) from mid-2023 through mid-2025, showing real momentum from government-backed mega-plans. On top of that, starting January 2026, foreigners can own commercial, industrial, and agricultural properties nationwide, opening doors for international cash and speeding up construction booms. It's creating jobs, infrastructure, and a fresh wave of buyer interest that feels tangible across cities like Riyadh and Jeddah.

Government housing pushes are making homeownership way more reachable, sparking a residential surge that's hard to ignore. Programs like Sakani offer first-time Saudi buyers super-low down payments of just 5% and up to 100% financing on ready homes or land, aligning with Vision 2030's push for 70% ownership rates. Mortgage lending has exploded to over SR900 billion (around $240 billion) in 2025 alone, up from SR200 billion before, with a 28.3% jump in approvals driving villa prices up 10.3% and overall residential by 5.1%. Deals like the National Housing Company's $665 million pact with China State Construction for 20,000 units show serious commitment, easing affordability worries. This isn't abstract-Q1 2025 saw $29 billion in transactions, with residential leading the charge amid land releases and off-plan reforms. Folks are jumping in, from young families to expats, turning policy into packed showrooms and rising sales.

Foreign investment openings and digitization are supercharging commercial and industrial spaces, with smart tech adding a modern edge. From January 2026, non-Saudis can snap up commercial properties anywhere outside a few holy cities, fueling logistics hubs and warehouses as Saudi positions itself as a regional trade powerhouse. The market clocked SAR 1.2 trillion in deals recently, with over 86,000 licensed brokers and 75 digital platforms handling 8 million transactions and 685,000 listings. Industrial rents in Riyadh climbed 14%, offices saw 21% rent hikes, and e-commerce is birthing mixed-use spots like Boulevard Riyadh City with IoT-integrated smart homes. Deals such as Saudi Real Estate Refinance's $906 million with Saudi National Bank highlight liquidity flowing into this shift. It's practical-investors eye townhouses in suburbs and coastal luxury for steady rentals, blending tech with sustainability for long-haul wins.

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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

● January 2026: Proptech innovations integrate AI for property valuation and IoT sensors in smart buildings, enhancing energy management by up to 30% in Riyadh Giga-projects.

● January 2026: Blockchain-based land registries and smart contracts streamline transactions, cutting processing times by 50% via platforms like Aqar.

● July 2025: New property law enables foreign ownership starting January 2026, boosting FDI through digital verification and VR property tours.

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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