Saudi Arabia
Saudi Arabia — Riyadh & Jeddah’s Luxury & Capital Investment Surge
Saudi Arabia is undergoing a transformative phase under its Vision 2030 commitments: large-scale infrastructure, urban renewal, tourist development, and liberalizing real estate ownership are combining to reframe Riyadh and Jeddah as global luxury hubs. Both cities are seeing major new districts, branded developments, and increased demand from domestic and international buyers seeking prestige, modernity, and high returns. For those seeking capital appreciation in mature GCC markets, Riyadh and Jeddah today offer compelling opportunity.
Key Strengths & Highlights (Riyadh & Jeddah)
In Riyadh, average residential prices rose ~8.2% year-on-year in Q2 2025, with villa prices in premium northern districts significantly higher (SAR ~8,600+/sqm) in key luxury zones.
Jeddah’s residential market saw volume growth of ~19% and value increases of ~28% over 12 months (to mid-2025), especially in central & western districts; apartment and villa price growth strongest in those areas.
Residential transaction value across Riyadh, Jeddah & Dammam metropolitan area reached SAR 118 billion in 2024 (USD ~32B), reflecting both supply growth and investor confidence.
Office rents in Riyadh surged ~18% YoY in Q4 2024; strong growth in commercial real estate signals demand by high-value businesses, international firms, and institutional investors
- Projected real GDP growth (2025): ~3-4% (official forecasts tied to non-oil sector expansion under Vision 2030)
- Residential transaction value (2024) in Riyadh, Jeddah & DMA: ~SAR 118 billion (USD ~32 billion)
- YoY residential price growth Riyadh (Q2 2025): ~8.2% overall; premium villa zones higher (Northern Riyadh ~SAR 8,660/sqm)
- Jeddah transaction volume growth: ~19%; value growth ~28% over prior 12 months; strongest gains in central/western districts for apartments & villas
