The estimated value of the GCC real estate market reached $4.43 trillion (SAR 16.6 trillion) by 2023, according to the latest report by Ocean X.

The real estate market in the GCC is expected to reach $4.55 trillion (SAR 17 trillion) by 2023.

The report expects the value of the real estate market in the GCC to reach $4.55 trillion (SAR 17 trillion) In 2024, residential real estate accounted for 67.2% of that market, while commercial real estate accounted for 32.8%.

The report estimated that the value of the real estate market in the GCC will reach $4.55 trillion (equivalent to 17 trillion riyals) by 2024. The report estimated that the real estate market in Saudi Arabia will reach 7.7 trillion riyals by the end of 2023 with an annual growth rate of 2.9%, with residential real estate accounting for the largest share of the market, likely to register 5.21 trillion riyals at 67.8%, compared to 600 billion riyals for commercial real estate.

The report also estimated that the value of the real estate market in the Kingdom of Saudi Arabia will reach 5.21 trillion riyals at 67.8%. The Ocean X report also estimated that the number of residential properties by the end of 2023 will reach 6.8 million properties, 6.9 million properties in 2024, and 7.3 million properties by the end of 2028,

Ocean X also estimated that the number of residential properties by the end of 2023 will reach 6.8 million properties, 6.9 million properties in 2024, and 7.3 million properties by the end of 2028,