Saudi Arabia leads the future of real estate: Innovate. digitization and sustainability
D. Dr. Hamoud Al-Falih
Saudi Arabia continues its ambitious march towards real estate leadership, based on Vision 2030, which made the development of the real estate sector a strategic pillar to diversify the national economy.
Real estate is no longer a mere commodity. <Real estate is no longer just a traditional building or investment, but a space for technological innovation and global partnerships, and real estate events in the Kingdom have become the focus of the attention of observers around the world. In 2025, Saudi Arabia continues its steady march towards real estate leadership, driven by strong government support and a strategic vision through quality events such as Aqar Thun and the Global Proptech Summit, Saudi Arabia is firmly established as a pivotal center on the global real estate map, transforming from a consumer of technologies to a creator of change.
In the capital city of Riyadh, the Saudi Real Estate Authority is preparing to launch the first real estate event in the Kingdom, which will be held in Riyadh. <In Riyadh, the General Real Estate Authority, in partnership with Al Yamamah University, is preparing to launch Aqar Thun 2025 from September 29 to October 1. The event, which takes the form of a competitive hackathon, brings together an elite group of young minds: Creators, programmers, and entrepreneurs to create digital solutions to real estate challenges, from property management to speeding up transactions. This reflects the Kingdom's belief that the new generation is the engine of transformation, and that technology is no longer an option but a necessity to serve people, the environment and the economy. <In October, Riyadh will host the Global Proptech Summit, with the participation of experts from more than 80 countries, to discuss the transformations of the real estate market, led by artificial intelligence, blockchain and virtual reality. Proptech - real estate technology - is a key pillar of Vision 2030, as it contributes to enhancing competitiveness through smart platforms that support innovation, and establish transparency and reliability in real estate transactions.
Saudi Arabia, which launched the Global Proptech Summit in October, will host the summit with the participation of experts from 80 countries. <Saudi Arabia, which in recent years has launched a package of digital platforms such as real estate indicators and the electronic real estate registration system, emphasizes its commitment to transparency, governance, and creating an attractive environment for local and international investors. Figures indicate that the market recorded more than 96,000 real estate brokerage contracts in the first quarter of 2025, an increase of 97% from last year, bringing the total to more than half a million contracts. This growth reflects customers« awareness and commitment to the new regulations, which enhances the reliability of the real estate sector.
In light of the accelerated real estate movement, Saudi Arabia is leading the scene as a promising investment environment that combines enormous economic potential, systematic government support, and a forward-looking vision that draws the contours of the future through quality initiatives such as »Aqar Thun“ and the Global Proptech Summit, establishing the Kingdom as a pivotal center on the global real estate map, not as a follower of transformations, but as a creator of them.
With the acceleration of the real estate pipeline, the Kingdom is leading the scene as a promising investment environment that combines enormous economic potential, systematic government support, and forward-looking vision. As we accelerate towards this prosperous future, the real challenge remains in maintaining the balance between high ambition and long-term sustainability, but this challenge, in all its complexity, is met with accumulated experience, unrelenting determination, and a vision that makes real estate transformation a tool for inclusive growth, not just an interim goal.
Saudi Arabia's real estate transformation is a tool for inclusive growth, not just an interim goal.
