Saudi Arabia Commercial Real Estate Market Overview
Market Size in 2024: USD 67.5 Billion
Market Forecast in 2033: USD 90.9 Billion
Market Growth Rate: 3.35% (2025-2033)
According to the latest report by IMARC Group, the Saudi Arabia commercial real estate market size was valued at USD 67.5 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 90.9 Billion by 2033, exhibiting a CAGR of 3.35% from 2025-2033.
Saudi Arabia Commercial Real Estate Industry Trends and Drivers:
The Saudi Arabian commercial real estate market is experiencing robust growth, primarily driven by an increasing demand for diverse property types. The office and retail sectors are seeing significant investments, with new developments emerging across major cities like Riyadh and Jeddah. The country’s expanding urbanization and the growing business landscape are propelling the need for modern office spaces that cater to multinational corporations, government offices, and startups. As more international companies establish a presence in Saudi Arabia, the demand for high-quality office spaces is intensifying. Retail properties are also benefiting from rising consumer demand, driven by a thriving middle class and increased disposable income. With the country’s retail sector evolving, businesses are seeking prime retail spaces to accommodate their expansion, particularly in commercial centers and malls.
In addition to office and retail spaces, the hospitality sector is a key driver of the commercial real estate market in Saudi Arabia. The growing number of hotels, resorts, and entertainment hubs is directly tied to the expanding travel and tourism industry, with Saudi Arabia positioning itself as a global tourism hub under its Vision 2030 plan. This initiative is attracting significant investments into the hospitality sector, including luxury hotels, resorts, and entertainment complexes. The surge in tourism, both domestic and international, is fueling demand for high-end accommodations and leisure destinations, thereby supporting the growth of the commercial real estate market. Saudi Arabia’s rich cultural heritage and ongoing efforts to diversify its economy are also contributing to the market’s expansion, making hospitality properties a vital segment for investors.
Furthermore, the logistics and industrial real estate sectors are undergoing a transformation, fueled by the country’s increasing focus on infrastructural development and its strategic location as a global trade hub. With the rise in e-commerce and the need for efficient supply chains, the demand for warehousing and distribution centers is growing. The industrial sector is seeing developments in logistics parks, warehousing facilities, and manufacturing units, particularly in key locations near major transportation routes. This focus on logistics is complemented by investments in multi-family properties, as the demand for residential real estate continues to rise due to Saudi Arabia’s growing population. The commercial real estate market is experiencing a dynamic shift, with diverse sectors contributing to its sustained growth and offering ample opportunities for investors.
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Saudi Arabia Commercial Real Estate Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Offices
- Retail
- Industrial
- Logistics
- Multi-family
- Hospitality
Regional Insights:
- Northern and Central Region
- Western Region
- Eastern Region
- Southern Region
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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