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Saudi Arabia's real estate sector is poised for growth in 2025, driven by Vision 2030 initiatives, with a projected 5.8% expansion in the non-oil sector. The Kingdom's property market is expected to reach $101.62 billion by 2029, supported by strong demand in hospitality and residential sectors, despite challenges like rising costs and geopolitical issues. Major events like the FIFA World Cup 2030 are anticipated to further boost infrastructure development and investment opportunities.
Saudi Arabia's real estate sector is set for significant growth, driven by a rising population, tourism expansion, and supportive government reforms. The market is projected to reach $101.62 billion by 2029, with a compound annual growth rate of 8% from 2024, fueled by initiatives like the Sakani program and increased foreign investment opportunities. As the Kingdom aims to deliver 1.04 million homes by 2030, demand for premium office spaces and diverse accommodation options is surging, reshaping the commercial landscape.
Saudi Arabia's real estate sector is set for significant growth, driven by a booming population, tourism expansion, and supportive government reforms. With plans to deliver 1.04 million homes by 2030 and a projected market value of $101.62 billion by 2029, the sector is attracting international investments and reshaping urban landscapes. Key initiatives like the Sakani program and relaxed ownership laws are enhancing homeownership and appealing to foreign investors, positioning the Kingdom as a global hub for business and tourism.
Al Sulaimani
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saudi arabia's real estate sector poised for growth amid vision 2030 initiatives
12:47 27.03.2025
saudi arabia's real estate sector poised for growth amid tourism and reforms
13:01 14.03.2025
saudi arabia's real estate sector poised for growth amid tourism and reforms
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13:01 14.03.2025
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