Saudi Arabia Residential Real Estate Market Industry Analysis, Growth, and Forecast 2025-2033

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.

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How AI is Reshaping the Future of Saudi Arabia Residential Real Estate Market

• AI-driven predictive maintenance in Saudi residential real estate reduces energy costs and downtime, delivering up to 20% savings while boosting building efficiency across major cities.
• The Saudi government’s housing program now allows first-time buyers to pay only 5% down payment on homes up to SAR 800,000, increasing accessibility and fueling market demand.
• Real estate firms utilize AI-powered valuation tools to speed leasing and sales decisions, with Riyadh’s rental yields hovering between 8.5%–9.5%, enhancing investor confidence.
• Smart city initiatives leveraging geospatial analytics and digital twins improve urban planning and site selection, supporting sustainable development in mega-projects like NEOM and Qiddiya.
• AI-assisted CRM platforms reduce administrative overhead, allowing real estate teams to focus on customer relationships, accelerating transaction cycles and improving overall market agility.

Saudi Arabia Residential Real Estate Market Trends & Drivers:

Imagine stepping into a Riyadh neighborhood where new homes are popping up faster than you can say "welcome home"—that's the vibe right now in Saudi Arabia's residential real estate scene. Vision 2030 is the big push here, with initiatives like the Sakani program handing out support to over 87,000 families just this year, making owning a place feel within reach for everyday folks. The government's Sakani housing scheme has already inked around 750,000 loan contracts to juice up affordability, while mega-projects like NEOM and the Red Sea Project are drawing in crowds and creating buzz for mixed-use living spaces. In the first half of 2025 alone, real estate deals spiked 38% to more than 106,700 transactions worth SAR 127.3 billion, showing how these efforts are turning policy into real neighborhoods people love. It's not just numbers; it's families settling in and communities thriving.

Picture this: young professionals flocking to Jeddah for jobs, families eyeing bigger spaces in Riyadh—Saudi Arabia's population boom is fueling a housing frenzy that's hard to ignore. With urban dwellers set to hit 90% soon, cities are swelling, and that means more demand for everything from cozy apartments to sprawling villas. Expat inflows are adding to the mix, pushing the overall population growth to a solid 3.3%, especially in hotspots like Riyadh and Jeddah where new builds can't keep up. Check out the stats: residential transactions make up 61% of all deals, clocking in at nearly 93,700 sales worth $20.6 billion recently, while villa prices in Riyadh jumped 15% in Q2 2025 alone. It's creating this exciting ripple where neighborhoods are evolving, blending modern perks with cultural roots, and giving buyers that sense of belonging in a country on the move.

Ever thought about buying a home with AI crunching the numbers for you? That's the fresh wave hitting Saudi Arabia's housing market—PropTech is shaking things up, making deals smoother and greener than ever. Blockchain is stepping in for transparent transactions, while smart city tech in places like NEOM uses AI to plan communities that feel alive and efficient. Sustainability's the star too, with projects like ROSHN's ALMANAR in Makkah rolling out 4,149 eco-friendly homes for over 17,000 residents, complete with solar setups and LEED certifications. In H1 2025, Riyadh added 6,000 new units, with another 18,000 on deck, and sales values soared 63% to $17.5 billion, thanks to these innovations drawing savvy buyers. It's like the market's getting a tech upgrade, blending convenience with planet-friendly vibes that make owning feel smart and forward-thinking.

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

• September 2025: ROSHN integrates AI for smart home automation in new residential projects, enhancing energy efficiency and resident comfort.
• August 2025: Saudi housing deals top $20 billion in H1, led by Madinah’s surge, supported by government initiatives easing homeownership.
• August 2025: Humain, Saudi’s AI firm, invests billions into data centers boosting AI-powered real estate solutions like predictive maintenance and valuation tools.

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