Saudi Arabia Residential Real Estate Market Size to Worth USD 141.6 Billion by 2034 Surges at 6.69% CAGR

Saudi Arabia Residential Real Estate Market Overview
Market Size in 2025: USD 76.8 Billion
Market Forecast in 2034: USD 141.6 Billion
Market Growth Rate 2026-2034: 6.69%

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 2026-2034", the Saudi Arabia residential real estate market size reached USD 76.8 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 141.6 Billion by 2034, exhibiting a growth rate (CAGR) of 6.69% during 2026-2034.

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

● Vision 2030 drives AI tools that analyze buyer preferences and market trends, matching over 80% of home seekers with ideal Riyadh villas or Jeddah apartments instantly, making property hunts quicker and more spot-on for everyone involved.

● Smart home AI systems in new Saudi developments cut energy bills by 30% through real-time tweaks to lights, AC, and water, drawing eco-conscious families to sustainable living while boosting property appeal nationwide.

● Platforms like Keyaqar use AI to verify listings and flag fakes, ensuring 100% legit deals that build buyer trust and speed up transactions in a market hungry for transparency under REGA oversight.

● AI predictive analytics spots rising neighborhoods early by crunching population and infra data, helping investors snag prime spots and fueling growth in areas like Neom with data-backed confidence.

● Virtual AI tours let buyers explore 500+ Saudi homes remotely, slashing site visits by half and ramping up sales leads, as developers tap Vision 2030's digital push for seamless remote deals.

Saudi Arabia Residential Real Estate Market Trends & Drivers:

One major factor fueling the Saudi Arabia residential real estate market is the government's Vision 2030 push to boost homeownership and diversify the economy away from oil. They're targeting a 70% ownership rate with initiatives like the Sakani program, which has supported over 1.4 million families through subsidies, reduced down payments to 5%, and better mortgage access via securitization. This creates real momentum for affordable housing, especially in urban spots like Riyadh and Jeddah. The National Housing Company is delivering thousands of units through partnerships, such as a USD 665 million deal with China State Construction for 20,000 homes. With the market valued at around USD 154.61 billion recently, and ongoing reforms like higher taxes on undeveloped land to curb speculation, it's opening up supply while making buying more realistic for middle-income Saudis. In everyday terms, this means more families are moving into modern homes, supporting stable demand and turning housing into a key pillar of economic growth.

Rapid urbanization and a young, growing population are driving huge demand for residential properties, particularly in major cities where people flock for jobs and better lifestyles. Saudi Arabia's urban crowd is expanding fast, with household formation creating a persistent need for new apartments, villas, and mixed-use communities. This shows up in high transaction volumes-nearly 93,700 residential deals worth SAR 77.5 billion in the first half of a recent period-and a focus on mid-market options. Developers like ROSHN and Dar Al Arkan are rolling out large-scale projects, including thousands of sustainable units in places like Riyadh and Makkah. With over 800,000 additional homes needed to close the supply gap, and construction spending hitting billions, it's leading to vibrant neighborhoods with integrated amenities. For young buyers and families, this translates to more choices in walkable, modern areas that fit busy lives, while mega-projects add excitement and long-term value to the market.

Emerging trends like foreign investment liberalization and sustainable, lifestyle-focused developments are adding fresh energy to the market. Recent laws allow non-Saudis to own property in designated zones, with platforms like Saudi Properties streamlining the process starting early 2026, attracting global buyers and boosting liquidity. This aligns with Vision 2030's quality-of-life goals, pushing developers toward smart homes, green buildings, and mixed-use zones that blend living, work, and leisure. In real-world applications, projects in Riyadh and Jeddah feature parks, entertainment, and tech integrations, appealing to tech-savvy residents. With residential sales dominating transactions and values like SAR 17.6 billion in Riyadh alone in a recent quarter, these shifts are creating premium opportunities while addressing affordability through incentives. It's making the market more inclusive and dynamic, drawing in diverse investors and helping build communities that feel future-ready and culturally vibrant.

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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

● January 2026: New foreign ownership law opens residential market to non-Saudis, targeting 411 million sqm of idle land via tiered White Land Tax to spur development and curb speculation.

● January 2026: Off-plan projects in Jeddah and Riyadh introduce branded residences with flexible payment plans, boosting investor access ahead of Expo 2030.

● November 2025: King Salman Park District launches innovative residential towers around world's largest urban green space, blending nature and luxury living in Riyadh.

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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