Please Wait.....
Report
Saudi Arabia Real Estate Market, By Type (Real Estate Rental, Real Estate Agency, Brokerage), By Mode (Online, Offline), By Property Type (Fully Furnished, Semi Furnished, Unfurnished), By Region, Competition, Forecast & Opportunities, 2020-2030F
Market Report I 2025-05-30 I 86 Pages I TechSci Research
Market Overview
The Saudi Arabia Real Estate Market was valued at USD 68.52 billion in 2024 and is projected to reach USD 111.77 billion by 2030, growing at a CAGR of 8.86% during the forecast period. The sector encompasses residential, commercial, industrial, and agricultural properties, each serving distinct purposes-from living spaces like apartments and homes to business infrastructure such as offices and warehouses. Real estate transactions, including buying, selling, and leasing, are influenced by economic trends, government policies, and interest rates. As the country diversifies its economy, the real estate sector presents promising opportunities for long-term gains, attracting both local and international investors.
Key Market Drivers
Economic Diversification and Vision 2030
Saudi Arabia's Vision 2030 initiative is a central force driving the evolution of the real estate sector. The plan aims to reduce the country's dependence on oil by promoting non-oil industries, including real estate, tourism, and infrastructure. This has led to substantial investments in transformative projects like NEOM, the Red Sea Project, and Qiddiya. These mega-developments are creating new demand for both residential and commercial properties by catering to an increasing population and the growing presence of foreign businesses. With the population expected to surpass 40 million by 2030, demand is further amplified by workforce reforms and infrastructure enhancements in cities such as Riyadh and Jeddah. The modernization of sectors such as transport, healthcare, and education supports the establishment of new economic zones, fostering additional real estate opportunities across the kingdom.
Key Market Challenges
Overdependence on Oil Revenue and Market Volatility
A major challenge for Saudi Arabia's real estate sector is its significant reliance on oil revenue, making it susceptible to global oil price fluctuations. Though efforts to diversify are underway, the market's stability is still tied to oil performance. Economic growth and investment typically surge when oil prices are high, boosting property demand. Conversely, a drop in prices can lead to reduced government spending and investment, slowing the real estate market-as seen after the 2014 oil crash. Additionally, the global shift toward renewable energy further pressures oil-dependent economies. While measures such as encouraging foreign investment and promoting non-oil sectors are in place, maintaining real estate market resilience amid oil price volatility remains a considerable concern.
Key Market Trends
Growth of Affordable Housing Projects
A growing trend in Saudi Arabia's real estate sector is the heightened emphasis on affordable housing. Driven by rapid urban population growth and a youthful demographic, the government has prioritized initiatives like the Sakani housing program under Vision 2030. These efforts focus on enabling Saudi nationals, particularly first-time buyers, to own homes. Developers are shifting from luxury projects to cost-efficient housing solutions that incorporate modular and prefabricated construction techniques. This trend is especially prevalent in urban hubs like Riyadh, Jeddah, and Dammam, where housing demand is highest. The Ministry of Municipal and Rural Affairs and Housing reports over 11,000 development projects across more than 300 municipalities, emphasizing urban expansion and enhanced livability.
Key Market Players
- CBRE Group
- Jones Lang Lasalle Incorporated
- Simon Media Properties, LLC
- DLF Limited
- Prologis, Inc.
- Cushman & Wakefield Debenham Tie Leung Limited
- Boston Hub Real Estate Inc.
- Colliers International Property Consultants, Inc.
Report Scope:
In this report, the Saudi Arabia Real Estate Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Saudi Arabia Real Estate Market, By Type:
o Real Estate Rental
o Real Estate Agency
o Brokerage
Saudi Arabia Real Estate Market, By Mode:
o Online
o Offline
Saudi Arabia Real Estate Market, By Property Type:
o Fully Furnished
o Semi Furnished
o Unfurnished
Saudi Arabia Real Estate Market, By Region:
o Riyadh
o Makkah
o Madinah
o Eastern Province
o Dammam
o Rest of Saudi Arabia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Real Estate Market.
Available Customizations:
Saudi Arabia Real Estate Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
2.5.1. Secondary Research
2.5.2. Primary Research
2.6. Approach for the Market Study
2.6.1. The Bottom-Up Approach
2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
2.8.1. Data Triangulation & Validation
3. Executive Summary
4. Voice of Customer
5. Saudi Arabia Real Estate Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Real Estate Rental, Real Estate Agency, Brokerage)
5.2.2. By Mode (Online, Offline)
5.2.3. By Property Type (Fully Furnished, Semi Furnished, Unfurnished)
5.2.4. By Region (Riyadh, Makkah, Madinah, Eastern Province, Dammam, Rest of Saudi Arabia)
5.2.5. By Company (2024)
5.3. Market Map
6. Riyadh Real Estate Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Mode
6.2.3. By Property Type
7. Makkah Real Estate Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Mode
7.2.3. By Property Type
8. Madinah Real Estate Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Mode
8.2.3. By Property Type
9. Eastern Province Real Estate Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Mode
9.2.3. By Property Type
10. Dammam Real Estate Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Mode
10.2.3. By Property Type
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Company Profiles
13.1. CBRE Group
13.1.1. Business Overview
13.1.2. Key Revenue and Financials
13.1.3. Recent Developments
13.1.4. Key Personnel/Key Contact Person
13.1.5. Key Product/Services Offered
13.2. Jones Lang Lasalle Incorporated
13.2.1. Business Overview
13.2.2. Key Revenue and Financials
13.2.3. Recent Developments
13.2.4. Key Personnel/Key Contact Person
13.2.5. Key Product/Services Offered
13.3. Simon Media Properties, LLC
13.3.1. Business Overview
13.3.2. Key Revenue and Financials
13.3.3. Recent Developments
13.3.4. Key Personnel/Key Contact Person
13.3.5. Key Product/Services Offered
13.4. DLF Limited
13.4.1. Business Overview
13.4.2. Key Revenue and Financials
13.4.3. Recent Developments
13.4.4. Key Personnel/Key Contact Person
13.4.5. Key Product/Services Offered
13.5. Prologis, Inc.
13.5.1. Business Overview
13.5.2. Key Revenue and Financials
13.5.3. Recent Developments
13.5.4. Key Personnel/Key Contact Person
13.5.5. Key Product/Services Offered
13.6. Cushman & Wakefield Debenham Tie Leung Limited
13.6.1. Business Overview
13.6.2. Key Revenue and Financials
13.6.3. Recent Developments
13.6.4. Key Personnel/Key Contact Person
13.6.5. Key Product/Services Offered
13.7. Boston Hub Real Estate Inc.
13.7.1. Business Overview
13.7.2. Key Revenue and Financials
13.7.3. Recent Developments
13.7.4. Key Personnel/Key Contact Person
13.7.5. Key Product/Services Offered
13.8. Colliers International Property Consultants, Inc.
13.8.1. Business Overview
13.8.2. Key Revenue and Financials
13.8.3. Recent Developments
13.8.4. Key Personnel/Key Contact Person
13.8.5. Key Product/Services Offered
14. Strategic Recommendations
15 About Us & Disclaimer
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security