Fuelled by a young population, 67% of Saudis are under 30, a culture that emphasizes the importance of family and an annual population growth of 2.6% the real estate market in the most populous country in the GCC (Gulf Cooperation Council) is growing steadily every year.

Saudi Arabia is one of the largest real estate market in the region and is also one of the fastest moving markets in the Gulf. 

The Saudi property market is largely driven by internal demand as one of the fastest growing populations in the GCC.

Saudi Arabia is emerging as a market opportunity for investors and developers. Newly implemented government regulations will also have a positive effect on land prices, development costs and therefore overall home ownership figures.

Developers are targeting the high income Saudis as well as new projects away from the current urban environments into satellite cities. 

Some statistics were sourced from JLL.

See also:

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