Saudi Arabia Residential Real Estate Market Size, Share, and Trends Report 2025-2033
Saudi Arabia Residential Real Estate Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 6.9% (2025-2033)
The Saudi Arabia residential real estate market is experiencing significant growth, driven by urban development, government housing initiatives, and a rising demand for modern living spaces across the Kingdom. According to the latest report by IMARC Group, the Saudi Arabia residential real estate market size reached USD 71.8 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 130.8 Billion by 2033, exhibiting a growth rate (CAGR) of 6.9% during 2025-2033.
Saudi Arabia Residential Real Estate Industry Trends and Drivers:
The residential real estate market in Saudi Arabia is booming. The emphasis by Vision 2030 on diversification of the economy and expanding access to housing, coupled with the government’s policies - such as the Sakani program - is making it easier for young families or first-time buyers to afford a home through monetary support and financing opportunities. Saudi Arabia’s increasing urbanization and population growth rates - particularly with larger growing urban centres such as Riyadh and Jeddah - are also amplifying demand for modern sustainable housing. Developers are rapidly responding to demand by building smart residential developments that are environmentally and economically sustainable while providing common green spaces & outdoor experiences, along with modern, energy-efficient designs. In addition, mixed-use developments offer young individuals a convenient solution - especially those searching for lifestyle communities combining residential, business, and leisure spaces.
The market is being driven forward by regulatory reform and digital transformation. Simpler mortgage processes and appealing financing regimes are motivating new investment and online options for finding and purchasing properties are likely to facilitate new opportunities in purchasing properties. Foreign investors are making their way into the market with the opening of ownership laws and the increasing feeling of economic stability in the Kingdom. There is still substantial and strong demand for affordable housing. As a result, developers are placing mid-tier residential offerings into their line-ups next to luxury offerings. Changes in the culture, such as the ingress of women into the workforce, has also affected the demand for smaller and more urban apartment offerings that encourage independent lifestyles. Provided Government continues its support for investments in residential real estate, the sector should see considerable growth, as it aligns with the objective to create modern and cosmopolitan cities, as envisioned by their original "Vision 2030."
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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
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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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