Saudi Arabia’s Real Estate Sector Records Historic Growth Driven by Mega Projects and Foreign Ownership Reforms

Saudi Arabia’s Real Estate Sector Records Historic Growth Driven by Mega Projects and Foreign Ownership Reforms
Saudi Arabia’s Real Estate Sector Records Historic Growth Driven by Mega Projects and Foreign Ownership Reforms

Saudi Arabia’s real estate sector is witnessing an unprecedented surge in 2025, fueled by large-scale development projects, an improved investment climate, and new property ownership reforms for foreigners — all aligned with the Kingdom’s vision to diversify its economy and attract global capital.

Residential property sales have risen significantly in major cities such as Riyadh, Jeddah, and Dammam, supported by growing local demand and government initiatives aimed at increasing homeownership rates and enhancing urban quality of life. At the same time, smart city projects and urban expansion plans are reshaping the architectural landscape of the Kingdom.

A new real estate ownership law now allows non-Saudis — both individuals and companies — to own property in designated areas under clear regulations. This landmark reform is expected to enhance transparency, stimulate foreign direct investment, and strengthen confidence in the Saudi real estate market.

Among the leading developments are Riyadh’s New Murabba Project and Jeddah Economic City, both representing a new era of integrated residential and commercial environments that align with Vision 2030’s goals. The sector is also witnessing a notable increase in infrastructure-related contracts, positioning Saudi Arabia as one of the most dynamic real estate markets in the region.

With these advancements, the real estate sector continues to solidify its role as a key driver of the national economy and a gateway for sustainable, long-term investment opportunities.

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