Saudi Arabia Luxury Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Saudi Arabia Luxury Residential Real Estate Market Report is Segmented by Type (apartments and Condominiums and Villas and Landed Houses) and by Key Cities (Riyadh, Jeddah, Makkah, Dammam Metropolitan Area (DMA), and Other Cities). The Report Offers Market Size and Forecasts for the Saudi Arabian Luxury Residential Real Estate Market in Value (USD) for all the Above Segments.

Saudi Arabia Luxury Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Saudi Arabia Luxury Residential Real Estate Market Size

Saudi Arabia Luxury Residential Real Estate Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 15.51 Billion
Market Size (2030) USD 20.75 Billion
CAGR (2025 - 2030) 6.00 %
Market Concentration Medium

Major Players

Saudi Arabia Luxury Residential Real Estate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Saudi Arabia Luxury Residential Real Estate Market with other markets in Real Estate and Construction Industry

Real Estate

Construction

Saudi Arabia Luxury Residential Real Estate Market Analysis

The Saudi Arabia Luxury Residential Real Estate Market size is estimated at USD 15.51 billion in 2025, and is expected to reach USD 20.75 billion by 2030, at a CAGR of 6% during the forecast period (2025-2030).

  • In recent years, Saudi Arabia's luxury residential real estate market has witnessed robust growth, fueled by domestic demand and foreign investments. This upswing is largely a result of the Kingdom's Vision 2030 economic reforms, reshaping the nation's real estate scene.
  • Saudi Arabia's Public Investment Fund (PIF), in collaboration with the Ministry of Housing, has established the Saudi Real Estate Refinance Company (SRC) to bolster the Kingdom's real estate market. SRC aims to inject liquidity and foster growth in the housing sector. SRC plans to refinance up to SAR 75 billion (approximately USD 19.96 billion), with an ambitious target of SAR 170 billion (around USD 45.24 billion) by 2026.
  • By addressing the financial needs of mortgage companies, SRC seeks to boost homeownership rates, enhance liquidity in the housing sector, and broaden access to both domestic and international financing. SRC is poised to invigorate market growth and stabilize the housing sector by connecting foreign and domestic investors to Saudi housing opportunities and issuing bonds backed by real estate mortgages. This initiative aligns with the Kingdom’s economic diversification goals under Vision 2030.
  • At Cityscape Global 2024 in Riyadh, Erth Real Estate underscored its dedication to crafting sustainable luxury residences in harmony with Saudi Vision 2030. Prioritizing innovation and sustainability, Erth envisions integrated communities that seamlessly merge comfort, cutting-edge technology, and verdant green spaces. Featured projects, including the Raffles Residence Jeddah and the Al Marina development, epitomize luxury living, boasting contemporary architecture, vast green expanses, and coveted locations by the Red Sea.
  • Furthermore, initiatives like Masar and Alyasmeen are reshaping urban living, fusing authenticity with comfort, fostering community engagement, and bolstering the Kingdom's stature in the global real estate arena. Erth's forward-thinking strategy is to produce top-tier, future-ready developments that not only meet the dynamic needs of Saudi society but also align with the overarching aspirations of Vision 2030.

Saudi Arabia Luxury Residential Real Estate Industry Overview

Saudi Arabia's luxury residential real estate market features a diverse array of players. As merger and acquisition (M&A) activities in the country are poised to rise in the coming years, this trend is set to bolster the development of luxury residential real estate, subsequently attracting more companies to the arena. Some of the major players in the market are Al Saedan Real Estate, Emaar Properties, Kingdom Holding Company, Dar Al Arkan Real Estate Development, Ewaan, Al Ra'idah Investment Company, SEDCO Development, Jabal Omar Development Company, Makkah Construction & Development Co, and Emaar.

For instance, King Abdullah Economic City (KAEC), This smart city is one of the largest development projects in the region, featuring premium residential properties, a world-class marina, golf courses, and modern infrastructure. The city is positioned as a hub for luxury living and business, attracting affluent buyers. This was one of the key projects of the Emmar Properties 

Saudi Arabia Luxury Residential Real Estate Market Leaders

  1. Emaar Properties

  2. Dar Al Arkan Real Estate Development Company

  3. Jabal Omar

  4. Al Saedan Real Estate

  5. Red Sea Global

  6. *Disclaimer: Major Players sorted in no particular order
Saudi Arabia Luxury Residential Real Estate Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Saudi Arabia Luxury Residential Real Estate Market News

  • November 2023: In November 2023, Tilal Real Estate unveiled the Heart of Khobar, a monumental SAR 6 billion (1.6 billion USD approximately) venture nestled in Al Khobar's Al Rawabi neighborhood. Covering an expansive 268,813 sq.m., this development boasts a blend of residential, commercial, and recreational amenities, all crafted to promote a sustainable and pedestrian-centric urban lifestyle. With its array of hotels, shopping malls, offices, and co-working spaces, the project seamlessly melds living, work, and leisure, echoing the aspirations of Vision 2030. Ultimately, this initiative is set to bolster Khobar's stature as a premier hub for luxury living and investment opportunities.
  • March 2024: Launched in March 2024, The Baccarat Residences Diriyah is a collaboration between Baccarat and the Diriyah Gate Development Authority (DGDA). This ultra-luxury project, nestled in Riyadh, boasts nine exclusive villas. Ranging from 1,029 to 2,438 sq.m. and featuring 3 to 5 bedrooms, these villas seamlessly blend Najdi heritage with a touch of French elegance. Each residence is equipped with private pools and courtyards, and residents enjoy privileged access to amenities at the Baccarat Hotel, including its renowned spas and restaurants. With an anticipated completion date set for 2027, underscoring their significance in Saudi Arabia's luxury real estate landscape.

Saudi Arabia Luxury Residential Real Estate Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

  • 2.1 Analysis Methodology
  • 2.2 Research Phases

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Dynamics
    • 4.2.1 Market Drivers
    • 4.2.1.1 Rising Disposable Incomes
    • 4.2.1.2 Government Initiatives
    • 4.2.1.3 Growing Expatriate Population
    • 4.2.2 Restraints
    • 4.2.2.1 Regulatory Framework
    • 4.2.2.2 The Risk of Oversupply
    • 4.2.3 Opportunities
    • 4.2.3.1 Investing in New Luxury Residential Developments
    • 4.2.3.2 Targetting the Expatriate Market
    • 4.2.3.3 Providing Value-added Services
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Value Chain / Supply Chain Analysis
  • 4.5 Industry Policies and Regulations
  • 4.6 Technological Developments in the Sector
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Apartments and Condominiums
    • 5.1.2 Villas and Landed Houses
  • 5.2 By City
    • 5.2.1 Riyadh
    • 5.2.2 Jeddah
    • 5.2.3 Dammam Metropolitan Area
    • 5.2.4 Other Cities

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Arabian Homes
    • 6.2.2 Villa Palma Compound
    • 6.2.3 Sedco Development
    • 6.2.4 Jabal Omar
    • 6.2.5 Saudi Real Estate Company (Al Akaria)
    • 6.2.6 Abdul Latif Jamal
    • 6.2.7 Rafal Real Estate Development Company
    • 6.2.8 AI Sedan
    • 6.2.9 Dar AI Arkan
    • 6.2.10 Alfirah United Company for Real Estate
    • 6.2.11 AL Nassar*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. APPENDIX

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Saudi Arabia Luxury Residential Real Estate Industry Segmentation

Luxury residential real estate encompasses properties crafted for human habitation, offering a blend of allure and resort-style living, complete with upscale amenities.

Saudi Arabia's luxury residential real estate market is segmented by type (apartments and condominiums and villas and landed houses) and by key cities (Riyadh, Jeddah, Makkah, Dammam Metropolitan Area (DMA), and Other Cities). The report offers market size and forecasts for the Saudi Arabian Luxury Residential Real Estate Market in value (USD) for all the above segments.

By Type Apartments and Condominiums
Villas and Landed Houses
By City Riyadh
Jeddah
Dammam Metropolitan Area
Other Cities
Need A Different Region or Segment?
Customize Now

Saudi Arabia Luxury Residential Real Estate Market Research Faqs

How big is the Saudi Arabia Luxury Residential Real Estate Market?

The Saudi Arabia Luxury Residential Real Estate Market size is expected to reach USD 15.51 billion in 2025 and grow at a CAGR of 6% to reach USD 20.75 billion by 2030.

What is the current Saudi Arabia Luxury Residential Real Estate Market size?

In 2025, the Saudi Arabia Luxury Residential Real Estate Market size is expected to reach USD 15.51 billion.

Who are the key players in Saudi Arabia Luxury Residential Real Estate Market?

Emaar Properties, Dar Al Arkan Real Estate Development Company, Jabal Omar, Al Saedan Real Estate and Red Sea Global are the major companies operating in the Saudi Arabia Luxury Residential Real Estate Market.

What years does this Saudi Arabia Luxury Residential Real Estate Market cover, and what was the market size in 2024?

In 2024, the Saudi Arabia Luxury Residential Real Estate Market size was estimated at USD 14.58 billion. The report covers the Saudi Arabia Luxury Residential Real Estate Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Saudi Arabia Luxury Residential Real Estate Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Saudi Arabia Luxury Residential Real Estate Industry Report

Statistics for the 2025 Saudi Arabia Luxury Residential Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Luxury Residential Real Estate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.