Saudi Arabia Real Estate Market Size to Worth USD 137.8 Billion by 2034 Growing at 6.70% CAGR

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's supercharging property valuations in Saudi Arabia by crunching data from the Real Estate General Authority, spotting underpriced gems in Riyadh or near NEOM-platforms like Keyaqar deliver spot-on estimates that cut buyer guesswork and boost deals by 30% through smarter pricing.

● Chatbots from PropTech firms slash response times by 80%, handling thousands of Saudi home queries at once on Vision 2030-backed apps, turning casual browsers into hot leads with personalized Riyadh villa or Jeddah flat matches.

● Predictive analytics tools help developers like ROSHN forecast hot zones around Qiddiya, analyzing giga-projects to nail inventory and risk, saving up to 20% on ops costs via AI-driven site picks and demand trends.

● Red Sea Global just launched an AI venture fund targeting 25 startups, fueling smart-city tech for NEOM that blends machine learning with IoT to optimize energy by 30% in luxury resorts and homes.

● Fraud detection AI on platforms like Keyaqar verifies listings against REGA docs, wiping out fakes in a market with 685,000 properties listed, building trust as Vision 2030 pushes transparent digital transactions.

Saudi Arabia Real Estate Market Trends & Drivers:

Saudi Arabia's real estate market is booming thanks to Vision 2030's massive push for housing that's actually affordable for everyday folks. The government slashed down-payments to just 5% and pumped up mortgage options through the Saudi Real Estate Refinance Company, which grabbed a whopping USD 906 million portfolio from Saudi National Bank-the biggest deal of its kind. Developers like the National Housing Company are rolling out huge projects, such as 134,000 new homes across 17 cities valued at $26.67 billion, while ROSHN plans 30,000 units in Sedra alone. This isn't just talk; it's creating real communities with schools, parks, and shops all in one spot, drawing in young families tired of cramped city living. The residential sector hit USD 164.85 billion this year, with apartments making up over 52% of sales as people flock to modern, gated setups in Riyadh and Jeddah. Programs like Shareek speed up approvals, letting builders launch faster and keep supply flowing to match the huge demand from a growing population. It's turning dreams into driveways for Saudis who never thought homeownership was in reach.

Foreign cash is flooding in now that new laws let non-Saudis own property in key zones, a game-changer approved just last year to lure global investors without skimping on controls. This ties straight into Vision 2030's diversification goals, sparking deals like NHC's SR8 billion ($2.13 billion) partnerships with firms from Korea, China, Egypt, and Turkey for premium projects. Transactions exploded too-over 8 million deals under the latest brokerage system, with values topping SR1.2 trillion ($319.8 billion) in a short span, as digital platforms list 685,000 properties. Riyadh's luxury villas and Jeddah's coastal spots are hot, with inquiries surging from expats and funds eyeing stable returns. REITs like Jadwa are jumping in, snapping up residential blocks for rental plays. It's not hype; master-planned spots with privacy, green spaces, and quick access to jobs are selling out, stabilizing prices in prime areas by 4-8% annually while broadening the buyer pool.

Buyers are ditching old-school villas for sleek apartments and gated enclaves packed with amenities, fueled by a young crowd-over two-thirds under 35-starting families and jobs in buzzing cities. Apartments grabbed 52.05% of the market pie, thriving on tight land in Riyadh (39.85% of sales) and rising demand for walkable spots with gyms, co-working lounges, and rooftop hangs. Mega-projects like NEOM, Sedra, and Marafy are blending homes with entertainment and transit links, cutting commutes and hiking appeal-ROSHN's tying up with Cisco for smart-home tech that boosts rentals. Dammam's metro area leads growth thanks to petrochemical booms pulling in workers needing quick-access units. Sustainability's big too, with modular builds and 3D printing slashing waste on sites like Red Sea Project. This shift feels natural as lifestyles evolve-people want convenience over sprawl, driving steady absorption in mid-market and affordable bands where 75% of new Khuzam units vanished fast.

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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

● February 2026: Real Estate Future Forum in Riyadh highlights $1 trillion development pipeline, emphasizing sustainable mixed-use projects and proptech adoption to reshape urban living and attract international stakeholders.

● February 2026: NEOM shifts focus from The Line's full linear city to an AI data center hub with high-performance computing, scaling back residential plans while advancing smart infrastructure for innovation-driven urban development.

● January 2026: Saudi Arabia's new foreign ownership law takes effect on January 21, allowing non-Saudis to own residential and commercial property in designated zones like Riyadh and Jeddah, boosting global investment and market liquidity under Vision 2030.

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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