Saudi Arabia Residential Real Estate Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
The Saudi Arabia Residential Real Estate Market is experiencing significant growth driven by Vision 2030 initiatives, urbanization, and increasing housing demand. According to the latest report by IMARC Group, 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.
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Saudi Arabia Residential Real Estate Industry Trends and Drivers:
Saudi Arabia’s residential real estate market is changing. This shift is driven by Vision 2030 initiatives that aim to diversify the economy and reduce reliance on oil. Government projects like NEOM and the Red Sea Development have increased demand for housing in new urban centers. Reforms that allow foreign ownership of property have also attracted international investors. Meanwhile, rising population growth and a young demographic are boosting the need for affordable and mid-range housing. Developers are now focusing more on integrated communities with modern amenities and sustainable living.
Another key factor is the rise in mortgage financing, supported by government programs like Sakani. These programs aim to boost homeownership among citizens by offering subsidized loans and financial help. Banks and financial institutions are expanding their mortgage options, making it easier for people to buy homes. However, challenges remain, such as oversupply in some areas and fluctuating oil prices. Still, with ongoing economic reforms and infrastructure investments, Saudi Arabia’s residential real estate sector is expected to grow steadily, serving both local and expatriate populations.
The Saudi Arabia residential real estate market report provides a comprehensive overview of the industry. This analysis is essential for stakeholders aiming to navigate the complexities of the biochar market and capitalize on emerging opportunities.
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:
- The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major have been provided.
- The Saudi Arabia residential real estate market is highly competitive, with both local and international developers actively participating. Major Saudi Arabia residential real estate market companies include Saudi Real Estate Company (Al Akaria), Dar Al Arkan, and Jabal Omar Development Company, focusing on various segments from affordable to luxury housing. New entrants are attracted by government initiatives and economic reforms promoting real estate development. Additionally, international firms like Emaar Properties have entered the market, bringing expertise in large-scale, mixed-use developments. For instance, in April 2024, ROSHN Group, Saudi Arabia signed a partnership agreement with developer, Dar Al Arkan for the development of residential villas in Phase 1A, SEDRA Community. The value of the agreement is SAR 215 million. The deal comes as part of the group’s efforts to further strengthen its leadership in the Kingdom’s real estate market by expanding its strategic partnerships with best-in-class entities.
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.
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