S
audi Arabia Real Estate Market Snapshot
- 2024 value: USD 72.11 bn
- 2033 projection: USD 132.65 bn
- 2025‑2033 CAGR: 7.0 %
IMARC Group’s latest study confirms the 2024 market at USD 72.11 bn and forecasts a rise to USD 132.65 bn by 2033, driven by a 7 % annual growth rate.
AI’s Impact on the Sector
- Property‑valuation tools now boost pricing precision by 30 %, speeding fair deals.
- Government AI projects map urban expansion, guiding infrastructure and housing supply to real‑time demand.
- VR tours lift buyer engagement by 40 %, enabling remote, immersive property reviews.
- Smart algorithms cut construction delays by 25 % and improve resource use in mega‑projects like NEOM.
- AI chatbots resolve 60 % of client queries, raising satisfaction.
Key Market Drivers
- Rising incomes and easier financing (5 % down for first‑time buyers, Sakani’s 1.2 m‑family program) broaden the buyer base across residential, commercial, and mixed‑use segments in Riyadh, Jeddah, and new urban centers.
- Vision 2030 fuels large‑scale developments—NEOM, The Line, Qiddiya—while new ownership rules allow non‑Saudis to buy in designated zones, attracting foreign capital.
- Regulatory reforms (tax changes, tenant protections, Riyadh’s supply‑demand balance measures) curb speculation and promote transparency.
- Technological and sustainability trends—smart‑city tech, AI‑driven planning, digital transactions, green building mandates, e‑commerce logistics, and mixed‑use living—reshape demand.
Market Segmentation
- Property types: residential (apartments, villas, others), commercial (offices, retail, hospitality, others).
- Regions: Northern & Central, Western, Eastern, Southern.
- Leading players: Abdul Latif Jameel, Dar Ar Alkan, Emaar, Jabal Omar, Jenan, Kingdom Holdings, SEDCO.
Recent Milestones
- Oct 2025: New ownership law permits non‑Saudis to purchase in eligible zones, boosting foreign investment by 20 %.
- Sept 2025: NEOM’s AI‑powered smart city projects use predictive analytics to improve sustainability and housing efficiency by 30 %.
- Aug 2025: Riyadh’s e‑permitting platform halves approval times, accelerating development and investor confidence.
Custom Reports
Request tailored insights: https://www.imarcgroup.com/request?type=report&id=16117&flag=E
About IMARC Group
A global consulting firm delivering market entry, feasibility, regulatory, branding, competitive, pricing, and procurement services for ambitious enterprises.
Contact
IMARC Group, 134 N 4th St., Brooklyn, NY 11249, USA
Email: [email protected]
Tel: +91 120 433 0800 (India) / +1‑201‑971‑6302 (USA)
