Saudi Arabian Real Estate Market Expected to Reach USD 11.3 Billion by 2030

The Saudi Arabian real estate market is on a remarkable growth trajectory, with revenue projected to rise from USD 7,021.3 million in 2024 to an impressive USD 11,311.4 million by 2030, at a compound annual growth rate (CAGR) of 8.3% during 2024–2030.

This robust growth is fueled by the Kingdom's ambitious Vision 2030, which emphasizes economic diversification and infrastructural development. Key initiatives, such as the construction of smart cities like NEOM and sustainable housing projects, are driving significant investment in both residential and commercial real estate.

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Urbanization, population growth, and a rising middle class are bolstering demand for high-quality housing and commercial spaces. Additionally, the influx of foreign investment and regulatory reforms aimed at increasing transparency and easing restrictions for global investors are further enhancing market dynamics.

The integration of smart technology, sustainable designs, and energy-efficient systems in real estate projects is gaining traction as environmental sustainability becomes a priority. These advancements are transforming the sector, paving the way for innovative and future-ready infrastructure.

As Saudi Arabia continues to position itself as a global economic hub, the real estate sector presents compelling opportunities for investors, developers, and stakeholders.