Saudi Arabia Real Estate Market Industry Trends & Forecast Report, 2030
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia Real Estate Market size at USD 169.23 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Saudi Arabia Real Estate Market size to expand at a CAGR of 5.56% reaching a value of USD 247.18 billion by 2030. Growing housing demand and an increase in residential building construction in the Kingdom are key drivers of the Saudi Arabia Real Estate Market. The Saudi Government's goal of economic diversification is fueling the country's real estate sector overall by increasing demand for commercial and industrial premises. Opportunity – Government’s support and favorable policies The Saudi Government’s support and favorable regulations are major driving factors influencing the growth of the Saudi Arabia Real Estate Market. The economic diversification plan of Saudi Arabia, Vision 2030, is shifting the government’s...