Saudi Arabia Residential Real Estate Market Overview
Market Size in 2024: USD 71.8 Billion
Market Size in 2033: USD 130.8 Billion
Market Growth Rate 2025-2033: 6.9%
According to IMARC Group's latest research publication, "Saudi Arabia Residential Real Estate Market Report by Type (Condominiums and Apartments, Villas and Landed Houses), and Region 2025-2033", 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.
Download a sample PDF of this report: https://www.imarcgroup.com/saudi-arabia-residential-real-estate-market/requestsample
How AI is Reshaping the Future of Saudi Arabia Residential Real Estate Market
AI-driven platforms in Saudi Arabia offer personalized property recommendations by analyzing user preferences, saving time and improving homebuyers' and renters' search experiences significantly.
Property developer ROSHN uses AI for creating 3D building models, automating procurement, and streamlining construction, boosting efficiency and sustainability in large-scale projects.
Government initiatives like the National Strategy for Data & AI and Vision 2030 support AI adoption in real estate, facilitating smarter urban management and digital transformation across housing services.
AI-powered property management systems automate rent collection, maintenance scheduling, and tenant management, reducing costs and enhancing service quality for landlords and tenants alike.
AI analytics improve market forecasting, risk assessment, and consumer sentiment analysis, helping investors identify emerging hotspots and optimize investment decisions in Saudi Arabia's dynamic residential market.
Saudi Arabia Residential Real Estate Market Trends & Drivers:
Saudi Arabia residential real estate market growth is fueled by strong government backing and strategic partnerships. The National Housing Company recently announced over SR161 billion in deals, including large-scale projects in Riyadh featuring thousands of new homes combined with commercial spaces. These agreements highlight confidence in the market’s long-term prospects and commitment to sustainable, mixed-use developments that create vibrant communities. The government’s initiatives align well with the Kingdom’s Vision 2030 goals, promoting modern urban living while addressing growing housing demand driven by urbanization and population expansion.
Government housing schemes like Sakani are major players behind the market’s growth, offering millions of government-backed loans and affordable housing solutions tailored to young families and first-time buyers. With homeownership rates rising—now around 62%—these programs reduce down payment requirements and provide easy access to financing. The Housing Program under Vision 2030 aims to increase ownership further by promoting public-private partnerships and subsidized mortgages, making it easier for Saudis across the country to own homes. This broad-based approach is driving a more dynamic real estate market and improving affordability across major cities like Riyadh and Jeddah.
On the investment front, fresh capital flows and international partnerships are reshaping residential real estate. The National Housing Company has signed deals worth billions with global developers from China, Egypt, Korea, and Türkiye, boosting premium urban destinations and integrated housing projects. Developers like Ezdihar are launching upscale gated communities with innovative sustainable designs that match the lifestyle aspirations of Saudi’s middle and upper classes. This wave of funding and innovation is elevating standards, diversifying housing types, and expanding options to meet the needs of a growing, increasingly affluent population.
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
Recent News and Developments in Saudi Arabia Residential Real Estate Market
Nov 2025: National Housing Company secures SR161 billion in new partnerships, advancing luxury and mixed-use residential projects across Riyadh and other key cities.
Oct 2025: ROSHN integrates AI-driven 3D modeling and automation in construction, boosting efficiency and sustainability in its premium housing developments.
Sep 2025: Government expands Sakani housing program, increasing affordable mortgage access and enabling over 62% homeownership nationwide through digital platforms and subsidies.
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.
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.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302