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In numbers and statistics... Saudi Arabia's real estate market trends and size in 2024

Reading time: 4 Minutesيتميز السوق العقاري السعودي بقدرة تنافسية عالية، مع تزايد الطلب على العقارات الجديدة بسبب نمو الأنشطة التجارية وزيادة المنافسة. وحسب دراسة تحليلة صادرة عن موقع ... Read more

The market size is $69.51 billion in 2024 and is expected to reach $101.62 billion by 2029.

21/07/2024

Private Sector - Saudi Economy - Construction Contracts in Saudi Arabia
Abdulaziz Al-Issa - Third Amlak Centennial - Lifting the land moratorium - Saudi Media - Vision 2030

3.5 million cadres in the real estate sector

3.5 million workers in the Saudi real estate sector by Q2 2025 with an annual growth of 18.7%.

Real estate sector strengthens and contributes 13.8% to the Saudi economy in Q2 2025

Saudi real estate sector grows by 3.3% and strengthens its role in the national economy during the second quarter of 2025.

Germany develops first 3D map for Global Building Atlas project«

Germany is developing a 3D map of all global buildings to support urban planning and combat climate change.

The benefits of open data Artificial Intelligence is getting into real-time real estate valuation

Artificial intelligence enhances real estate valuation and promotes transparency in the Saudi real estate market.

Residential program

Statistics: Nonprofit sector revenues rise to 73.1 billion riyals with a growth of 22% in 2024

Saudi Arabia's nonprofit sector revenues to rise to SAR 73.1 billion with 22% growth in 2024

Mohammed Al-Batti named one of the most powerful CEOs in the Middle East for 2025

Mohammed Al-Batti tops Forbes' list of the 100 most powerful CEOs in the Middle East for 2025.

Property management market worth $3.865 billion and AI is stepping in to track maintenance

Saudi Arabia's property management market grows to USD 3.865 billion amid the adoption of AI in maintenance.

Residential platform

Sakany launches Rental Behavior Index to enhance transparency and quality of real estate transactions

Launching the Rental Behavior Index to enhance transparency and quality of transactions in the Kingdom's real estate rental market.

Royal Commission Riyadh - Real Estate Balance

Launching the Household Demographic Survey to monitor the reality of Riyadh's population and improve urban planning

Launching the Household Demographic Survey in Riyadh to improve urban planning and quality of life for residents.

Industry, construction and trade driving operating revenue growth in Saudi Arabia See the numbers

Statistics reveal that the Kingdom's operating revenues grew by 3.9% during 2024 compared to the previous year.

Global Proptech Summit 2025 concludes with key recommendations

The Global Proptech Summit 2025 concludes in Riyadh with recommendations to promote innovation in the real estate sector.

President of the Real Estate Authority at the Proptech Summit: The global real estate technology market exceeded $86 billion in 2024

Al-Hammad: AI investments in real estate reached $630 million in 2023 and the Kingdom is starting to attract part of it.

Digitization in the real estate market

Digitization is reshaping real estate management in Saudi Arabia Towards a more transparent and efficient market

Increased real estate documentation 44% and the launch of an electronic registry and real estate indicators to increase transparency and speed up transactions.

General Authority for Statistics

49.2% Saudi labor force participation rate. Unemployment falls to 3.2%

General Authority for Statistics: Q2 2025 bulletin shows 67.1% total participation and gender disparity in unemployment.

installations

Monshaat Monitor Report: 80,000 new business registrations E-commerce growth is impressive

SMEs driving growth: 47% ownership for women, 38% for youth, and educational opportunities exceeding 50 billion riyals

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