{
}
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.
Saudi Arabia's real estate market is thriving, with residential home ownership reaching 63.74% in 2023 and a 17% rise in new residential mortgages in 2024. Riyadh leads with an 18% increase in office rents, driven by economic growth and government initiatives, while the retail sector sees a 9% year-on-year growth, bolstered by new shopping centers. The overall real estate market is projected to reach a value of $101.62 billion by 2029, supported by a strong non-oil economy and increasing demand for housing.
Matthew Green
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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
United States Dollar
Saudi Riyal
Knight Frank LLP
CBRE Group, Inc.
SAU
Al Sulaimani
Matthew Green
Faisal Durrani
Susan Amawi
Show more
13:01 14.03.2025
saudi arabia's real estate market sees significant growth across sectors in 2024
10:36 02.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Global Financial Events
Global Trade Developments
Banking Regulations
Domestic Politics
Retail and Consumer Goods
Central Bank Actions
CEO Changes
Government Policies
Market Analysis and Predictions
Startups & Entrepreneurship
Workplace Trends
Elections & Campaigns
Government Economic Policies
Inflation and Monetary Impact
Supply Chain Management
Countries:
Companies:
Tesla, Inc.
Barclays PLC
JPMorgan Chase & Co.
Deutsche Bank Money Market PP
Apple Inc.
UniCredit S.p.A.
Banco BPM S.p.A.
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
SpaceXCoin USD
Lloyds Banking Group plc
BNP Paribas SA
UBS Group AG
Banco Santander, S.A.
CREDIT AGRICOLE
Amazon.com, Inc.
Berkshire Hathaway Inc.
Credit Agricole
Reinsurance Group of America, Incorporated
Google Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Canadian Dollar
Australian Dollar
Offshore Chinese Yuan
Hong Kong Dollar
Singapore Dollar
Mexican Peso
Vietnamese Đồng
Indonesian Rupiah
Thai Baht
Norwegian Krone
Swedish Krona
Filipino Peso
People: