Saudi Arabia Real Estate Market Growth, Size, Trends, Challenges, Opportunities and Future Outlook

Saudi Arabia Real Estate Market Size- By Property Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Saudi Arabia Real Estate Market Size- By Property Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Feb 2024 Report ID: COAM2406 Pages: 1 - 109 Formats*:     
Category : Construction & Manufacturing
Saudi Arabia Real Estate Market Introduction and Overview 

According to SPER Market Research, the Saudi Arabia Real Estate Market is estimated to reach USD 139.28 Billion by 2033 with a CAGR of 8.2%.

The report includes an in-depth analysis of the Saudi Arabia Real Estate Market, including market size and trends, product mix, applications, and supplier analysis. Purchasing and selling land and structures, including any long-term man-made additions like homes and other buildings, is known as real estate. Land, buildings, and natural resources are examples of physical assets that are considered real estate. These assets are frequently purchased or invested in for usage in residential, commercial, or industrial settings.

  • May 2023- The assets of ABANA Enterprises Group Company related to the transportation of cash and expensive commodities are being acquired by the National Security Services Company (SAFE), which is spearheading the restructuring of the local security services industry. In the Kingdom, ABANA Enterprises Group Company is at the forefront of offering these services. By acquiring the assets of ABANA Enterprises Group Company related to the transportation of money and valuables, SAFE will be able to fulfil its main objective of offering clients the most cutting-edge security products and services.
  • July 2022- The board of SEDCO Capital REIT Fund has approved the purchase of two income-producing real estate assets in Riyadh and Jeddah for SR700 million (USD 187 million). According to a bourse filing, this transaction will be financed by new units and by using banking facilities in compliance with the terms and circumstances of the Fund. As it strives to increase the value of both its portfolio and its unitholders, the Fund anticipates that this transaction will have a favourable effect on its overall performance.
Saudi Arabia Real Estate Market
Market Opportunities and Challenges
The Saudi Arabian real estate industry is beset with a number of obstacles as well as multiple driving forces. The nation's massive Vision 2030 effort, which seeks to diversify the economy away from oil dependency and promote growth in the real estate industry through large-scale infrastructure development projects, is one of the main motivators. In addition, there is a need for residential, commercial, and mixed-use real estate due to the expanding population and fast urbanisation. Reforms pertaining to foreign direct investment (FDI) and measures to facilitate corporate transactions draw in foreign investors as well, hence accelerating market expansion.

On the other hand, the market faces difficulties such economic instability brought on by volatile oil prices, which can affect project finance and investor confidence. Administrative expenses might rise and project approval times can be slowed down by bureaucratic and regulatory obstacles. Furthermore, because of the economic uncertainty caused by the COVID-19 epidemic, development activities have been hampered and real estate demand has decreased. Furthermore, some population segments continue to express concerns about affordability, particularly in the housing sector where high prices relative to income levels prevent access to homeownership. Sustaining expansion in the Saudi Arabian real estate sector will require addressing these obstacles and leveraging key drivers.

Saudi Arabia Real Estate Market


Market Competitive Landscape
In Saudi Arabia, the real estate industry is extremely competitive, and more than 95% of regional developers still use antiquated techniques. There is a need for premium office space, as evidenced by the government's mandate that international companies move their headquarters to Saudi Arabia. It is anticipated that this dynamic would lead to fierce competition, forcing businesses to embrace worldwide standards in order to stay competitive. The major key players in the Saudi Arabia Real Estate Market are: Abdul Latif Jameel, Al Saedan Real Estate, Dar Al Arkan, Emaar, Ewaan Co. Ltd, Jabal Omar, Jenan Real Estate Company, Kingdom Holding Company, Sedco Development, Others.

Scope of the Report:
 Report Metric Details
 Market size available for years 2020-2033
 Base year considered 2023
 Forecast period 2024-2033
 Segments coveredBy Property Type
 Regions coveredEastern Region, Northern and Central Region, Southern Region, Western Region
 Companies Covered
Abdul Latif Jameel, Al Saedan Real Estate, Dar Al Arkan, Emaar, Ewaan Co. Ltd, Jabal Omar, Jenan Real Estate Company, Kingdom Holding Company, Sedco Development, Others
COVID-19 Impact on Saudi Arabia Real Estate Market
The COVID-19 pandemic has caused significant disruptions in construction activity, project schedules, and transaction volumes in the Saudi Arabian real estate industry. Property sales and leasing activities were hindered by lockdown measures and economic uncertainty. Travel restrictions also made it more difficult for foreign investors to enter the sector. Nonetheless, the recession hastened the industry's digitalization, as evidenced by the rise in internet transactions and virtual property viewings. In summary, the pandemic brought about difficulties but also accelerated technological development in the Saudi real estate industry.

Key Target Audience
  • Homebuyers
  • Investors
  • Real Estate Agents
  • Financial Institutions
  • Commercial Tenants
  • Property Management Companies
  • Architects and Designers
  • Real Estate Technology Companies
  • Others
Our in-depth analysis of the Saudi Arabia Real Estate Market includes the following segments:
By Property Type:
  • Commercial Real Estate
    • Hospitality
    • Offices
    • Retail
    • Others
  • Residential Real Estate
    • Apartments
    • Villas
    • Others
    By Region:
  • Eastern Region
  • Northern and Central Region
  • Southern Region
  • Western Region
  • Key Topics Covered in the Report
    • Saudi Arabia Real Estate Market Size (FY’2024-FY’2033)
    • Overview of Saudi Arabia Real Estate Market
    • Segmentation of Saudi Arabia Real Estate Market By Property Type (Commercial Real Estate, Residential Real Estate)
    • Statistical Snap of Saudi Arabia Real Estate Market 
    • Expansion Analysis of Saudi Arabia Real Estate Market 
    • Problems and Obstacles in Saudi Arabia Real Estate Market
    • Competitive Landscape in the Saudi Arabia Real Estate Market
    • Impact of COVID-19 and Demonetization on Saudi Arabia Real Estate Market 
    • Details on Current Investment in Saudi Arabia Real Estate Market
    • Competitive Analysis of Saudi Arabia Real Estate Market 
    • Prominent Players in the Saudi Arabia Real Estate Market 
    • SWOT Analysis of Saudi Arabia Real Estate Market 
    • Saudi Arabia Real Estate Market Future Outlook and Projections (FY’2024-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Saudi Arabia Real Estate Market 

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Saudi Arabia Real Estate Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Real Estate Market 

    7. Saudi Arabia Real Estate Market, By Property Type (USD Million)
    7.1. Saudi Arabia Real Estate Market Value Share and Forecast, By Property Type, 2024-2033
    7.2. Commercial Real Estate
    7.2.1. Hospitality
    7.2.2. Offices
    7.2.3. Retail
    7.2.4. Others   
    7.3. Residential Real Estate   
    7.3.1. Apartments
    7.3.2. Villas
    7.3.3. Others  

    8. Saudi Arabia Real Estate Market Forecast, 2020-2033 (USD Million)
    8.1. Saudi Arabia Real Estate Market Size and Market Share

    9. Saudi Arabia Real Estate Market, By Property Type, 2020-2033 (USD Million)
    9.1. Saudi Arabia Real Estate Market Size and Market Share By Property Type (2020-2026)
    9.2. Saudi Arabia Real Estate Market Size and Market Share By Property Type (2027-2033)

    10. Saudi Arabia Real Estate Market, By Region, 2020-2033 (USD Million)
    10.1. Saudi Arabia Real Estate Market Size and Market Share By Region (2020-2026)
    10.2. Saudi Arabia Real Estate Market Size and Market Share By Region (2027-2033)
    10.3. Eastern Region
    10.4. Northern and Central Region
    10.5. Southern Region
    10.6. Western Region

    11. Company Profile
    11.1. Abdul Latif Jameel
    11.1.1. Company details
    11.1.2. Financial outlook
    11.1.3. Product summary 
    11.1.4. Recent developments
    11.2. Al Saedan Real Estate
    11.2.1. Company details
    11.2.2. Financial outlook
    11.2.3. Product summary 
    11.2.4. Recent developments
    11.3. Dar Al Arkan
    11.3.1. Company details
    11.3.2. Financial outlook
    11.3.3. Product summary 
    11.3.4. Recent developments
    11.4. Emaar
    11.4.1. Company details
    11.4.2. Financial outlook
    11.4.3. Product summary 
    11.4.4. Recent developments
    11.5. Ewaan Co. Ltd
    11.5.1. Company details
    11.5.2. Financial outlook
    11.5.3. Product summary 
    11.5.4. Recent developments
    11.6. Jabal Omar
    11.6.1. Company details
    11.6.2. Financial outlook
    11.6.3. Product summary 
    11.6.4. Recent developments
    11.7. Jenan Real Estate Company
    11.7.1. Company details
    11.7.2. Financial outlook
    11.7.3. Product summary 
    11.7.4. Recent developments
    11.8. Kingdom Holding Company
    11.8.1. Company details
    11.8.2. Financial outlook
    11.8.3. Product summary 
    11.8.4. Recent developments
    11.9. Sedco Development
    11.9.1. Company details
    11.9.2. Financial outlook
    11.9.3. Product summary 
    11.9.4. Recent developments
    11.10. Others 
     
    12. List of Abbreviations

    13. Reference Links

    14. Conclusion

    15. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Saudi Arabia Real Estate Market is projected to reach USD 139.28 billion by 2033, growing at a CAGR of 8.2% during the forecast period.
    Saudi Arabia Real Estate Market grew in Market size from 2022. The Market is expected to reach USD 139.28 billion by 2033, at a CAGR of 8.2% during the forecast period.
    Saudi Arabia Real Estate Market CAGR of 8.2% during the forecast period.
    Saudi Arabia Real Estate Market size is USD 139.28 billion from 2023 to 2033.
    Saudi Arabia Real Estate Market Segment is covered By Property Type.
    The Middle East is anticipated to have the highest Market share in the Saudi Arabia Real Estate Market.
    The key players in the Market include Companies Covered Abdul Latif Jameel, Al Saedan Real Estate, Dar Al Arkan, Emaar, Ewaan Co. Ltd, Jabal Omar, Jenan Real Estate Company, Kingdom Holding Company, Sedco Development, Others.
    Purchasing and selling land and structures, including any long-term man-made additions like homes and other buildings, is known as real estate. Land, buildings, and natural resources are examples of physical assets that are considered real estate.
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