Overview
The Kingdom's real estate sector's rapid growth is fueled by a large, young population and a rich middle-class, as well as by the pursuit of ambitious development projects to achieve Vision 2030 goals.
Real Estate Overview
The real estate sector is a key pillar of the Kingdom’s vision for a vibrant society. With a significant young population and steady demand, Saudi Arabia has taken steps to transform the real estate sector. The 70% home ownership goal set by Vision 2030 has provided new impetus to the attractiveness of the real estate sector, along with the government’s strong commitment to involve the private sector in this journey
The government provides significant support to the development of the sector by improving technology uptake in the entire value chain, enhancing transparency through publishing real estate indicators online, launching the Developers Services Center (Etmam) to create an attractive investment environment, while providing innovative financing solutions to enable consumers.
50 - %
of new units built using new technology
70 - %
home ownership target by 2030
1.2 - BN m²
built-up area expected to be developed by 2030
1.5 - M
housing units to be built by 2030
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