Saudi Arabia Commercial Real Estate Market 2025-2033 | Size, Share, De

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 commercial real estate market in Saudi Arabia is booming, driven by the country’s thriving tourism and hospitality sector. The increase in hotels, resorts, and entertainment venues is greatly complementing this growth, as Saudi aims to become a leading player in the global tourism industry. Since Vision 2030 aims to diversify the economy from oil revenue, the government is investing heavily in tourism infrastructure, which means large-scale projects to attract international guests and create an insatiable demand for commercial real estate properties in the hospitality sector. The rising number of leisure travelers and business travelers has strengthened the demand for hotel resorts and service industries, making hospitality one of the primary sectors driving the growth of the Saudi commercial real estate market.

Alongside the hospitality sector, a significant expansion is being witnessed in industrial and logistics. Saudi Arabia’s strategic location as a point of entry to the Middle East, Asia, and Africa is making it a center for trade. Furthermore, the e-commerce sector’s growth and government efforts to diversify the economy are increasing the demand for warehousing and distribution facilities. To complement the rising demand from import-export activities, the logistics infrastructure is getting modernized with the establishment of state-of-the-art logistics parks and warehouses. Given the rise in industrial activity and the improvement of trade routes, Saudi Arabia is fast emerging as a pivotal player in global logistics, hence creating demand for industrial real estate.

Meanwhile, demand for office space and multifamily housing units continues to rise. The rapidly growing demand for modern office space is emanating from the efforts of multinational companies establishing operations in the region. Business activity in Saudi cities is growing as regional focal points, attracting international corporations and local startups. This is accompanied by a steady increase in the population, driving the demand for residential space, especially in urban areas. The combined effect of urbanization is further spurring the growth of new residential and office buildings scattered all over the country. Overall, Saudi Arabia’s commercial real estate market is benefitting from a wide array of demand drivers; tourism, logistics, and urban development that will ensure its long-term growth.          

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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.

Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=16881&flag=C

About Us:

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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