KSA Real Estate Predictions 2024

Saudi Arabia’s gross domestic product (GDP) reached SAR 10.1 trillion (USD 2.6 trillion) in 2023 and is expected to grow to SAR 11.6 trillion (USD 3 trillion) by 2030, with 1.6% annual growth according to data from Oxford Economics. In the post-COVID real estate landscape, key trends include sustainability and technological integration.

The demand for flexible workspace is rising, leading developers to innovate office designs tailored for hybrid work models. Residential preferences are shifting towards homes that accommodate remotework by incorporating wellness-centric features. Simultaneously, the retail and hospitality sectors are adapting to changing consumer behaviours, with a focus on e-commerce and experiential spaces.