
Saudi Real Estate Transactions Surpass $533 Billion in 2024
These figures underscore the strength of Saudi Arabia's real estate market as a primary driver of its economy. Experts credit this growth to the Kingdom's broader economic boom and its success in hosting major global events. The market is expected to maintain its momentum in 2025 and beyond, attracting further investment and large-scale projects, with sustainability and innovation driving continued growth.
Standard & Poor's predicts the sector's contribution to Saudi Arabia's GDP will rise to 10% by 2030, up from 5.9% today. This growth is bolstered by significant increases in real estate financing.
In November, Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail noted that financing had grown 300% in five years, reaching SAR 800 billion in 2024, compared to SAR 200 billion in 2018.
Real estate expert Ahmed Al-Faqih described the 2024 surge in transaction values and volumes as expected, given various incentives for investors, developers, and individuals. He highlighted the increased attractiveness of the market, driven by Saudi Arabia's success in hosting major international events across economic, cultural, and sports sectors. This has positioned the Kingdom as a premier destination for domestic, regional, and international investments.
For his part, real estate marketer Abdullah Al-Mousa noted that the record numbers reflect growing investor confidence in the Saudi market, bolstered by Vision 2030, supportive regulations, and urban expansion through mega-projects like NEOM and Qiddiya. These initiatives have strengthened economic growth and improved real estate infrastructure.
Al-Mousa also pointed to rising local and international demand for residential and commercial properties, the growing middle class, and the adoption of innovative technologies such as virtual tours and smart property evaluations. These advancements have enhanced transparency and accelerated decision-making in the real estate sector.
Additionally, regulatory reforms and the development of economic zones will further attract international investments, according to the expert. These factors are expected to stabilize property prices in certain areas, contributing to a sustainable market and increasing its appeal.
Al-Mousa concluded that Saudi Arabia's real estate sector has established itself as a vital economic engine. With ongoing government investment and technological innovation, the market is poised to sustain its momentum, attracting more investment opportunities in 2025 and beyond, with sustainability and innovation remaining key drivers of growth.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Argaam
4 hours ago
- Argaam
Ubhar Capital sets SAB rating, TP
Ubhar Capital maintained its "Accumulate" recommendation on Saudi Awwal Bank (SAB), with a target price (TP) of SAR 38.7 per share. The lender's Q2 2025 net profit grew 5% year-on-year (YoY) to SAR 2.1 billion but remained flat sequentially as higher net expected credit loss charges offset gains in operating income. "Provisions rose sharply to SAR 0.2 billion in Q2 2025, up 92% YoY and 52% QoQ, primarily due to higher impairment charges on loans," the brokerage said.


Asharq Al-Awsat
7 hours ago
- Asharq Al-Awsat
Syrian-Saudi Investment Forum Begins in Damascus
Under the patronage of Syrian President Ahmed al-Sharaa, the Syrian-Saudi Investment Forum kicked off on Thursday in Damascus, attended by various ministers and officials from both countries. Saudi Minister of Investment Khalid Al-Falih delivered the opening speech, expressing gratitude for the hospitality extended by Syria and its people since their arrival, SPA reported. He conveyed greetings from Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, along with hopes for security and prosperity for Syria. Al-Falih emphasized that the directive from the Crown Prince to visit Syria with a delegation, comprising representatives from both the government and private sectors of Saudi Arabia, highlights the Kingdom's strong support for Syria in its journey towards economic growth, prosperity, and sustainable development. He stated, "We are not here to build new relationships; strong social, cultural, and economic ties have long connected our two countries. Historically, the Arabian Peninsula and the Levant were vital links in global trade through the Silk, Spice, and Incense Routes. Saudi Arabia and Syria have shared strong social, economic, and political ties. Recent meetings between the Crown Prince and the Syrian President aimed to strengthen this bond and create new opportunities for cooperation, highlighting the Kingdom's commitment to enhancing economic and investment relations with Syria." The minister noted that over 20 government entities and 100 leading private sector companies from Saudi Arabia are present at the forum, investing in various sectors, including energy, infrastructure, financial services, healthcare, agriculture, as well as communications and information technology. He announced that 47 agreements, valued at approximately SAR24 billion, will be signed, covering various fields including real estate, finance, and tourism. Al-Falih also stressed that the forum reflects the belief that the private sector is a key partner in achieving mutual goals between the two countries. It encourages Saudi and international investors to explore opportunities in Syria and contribute to its strategic projects, thereby fostering mutual benefits across vital sectors. He highlighted that agreements exceeding SAR11 billion will be signed in infrastructure and real estate. This includes the establishment of over three new cement factories, aimed at securing essential raw materials for construction and enhancing self-sufficiency in this critical area. In the telecommunications sector, Al-Falih stated that the forum marked the beginning of cooperation between the Syrian Ministry of Communications and Information Technology and Syrian tech companies on one side, and leading Saudi companies—such as Elm, stc, GO Telecom, Cipher, Classera—on the other. This collaboration aims to develop digital infrastructure, enhance cybersecurity capabilities, and build advanced ecosystems in artificial intelligence, data centers, and educational academies. Agreements in this sector are estimated to be worth approximately SAR4 billion. Al-Falih described Syria's agricultural sector as rich with potential in modern farming, grain production, organic products, and food supply chains. He expressed eagerness to collaborate with the Syrian side to develop innovative joint projects, including model farms and processing industries, as well as knowledge and technology exchange. He also addressed the financial services and remittance sector, which will witness, at the event, the signing of a memorandum of understanding today between the Saudi Tadawul Group and the Damascus Securities Exchange. This agreement aims to enhance cooperation in financial technologies, dual listings, data exchange, and the establishment of investment and transfer funds that will stimulate investment in Syria. The minister commended the positive and active role played by over 2,600 Syrian entrepreneurs in the Kingdom, noting that direct investments by Syrian investors in Saudi Arabia have reached nearly SAR10 billion. He emphasized their major role in building the new Syria and its growing economy. He said, "These figures are only the beginning and do not reflect our ambitions. We must work together, closely and cohesively, to grow and elevate these figures in line with the efforts of our two nations to build a better future for our peoples." Al-Falih also praised the positive steps taken by the Syrian government to improve the investment climate, foremost among them the amendment of the Investment Law on June 24, 2025, which grants investors more guarantees and incentives, facilitates procedures, and enhances transparency. As a reflection of the Kingdom's commitment to fostering investment in Syria, Al-Falih announced the establishment of the Saudi-Syrian Business Council, composed of a select group of business leaders. The council aims to drive economic cooperation, activate partnerships among private sector institutions in both countries, and boost Saudi investment presence in Syria's promising market. Al-Falih reiterated that the strong interest and presence of successful and pioneering Saudi companies across diverse investment sectors at the forum, along with the enthusiasm, engagement, and responsiveness witnessed from all sides in Syria. The resulting agreements across critical and high-value fields—capped by the commitment shown by the Syrian leadership and officials—are promising signs. These signs affirm that the path of cooperation and integration being launched today marks the beginning of a future filled with prosperity, growth, and development for both countries and their peoples across all fields, under the guidance and support of the leadership of both nations.


Argaam
8 hours ago
- Argaam
Jamjoom Pharma ups profit margin forecast to 33%: CEO
Tarek Youssef Hosny, CEO of Jamjoom Pharmaceuticals Factory Co. (Jamjoom Pharma), said he expects the company to continue growth and achieve added value, saying that the forecast for the EBITDA margin for 2025 was raised to a range between 31.5-33%, from previous estimates of 30-31.5%, following the company's performance in the first half of the year. In an interview with Argaam, the top executive said that Jamjoom Pharma maintained its exceptional performance during H1 2025, attributing the continued growth to the strong momentum achieved in the first quarter, reflecting the resilience of its strategy in a dynamic operating environment, by focusing on strategic brands, improved operational efficiency, and disciplined cost management. He indicated that enhanced operational efficiency in research and development, manufacturing, and distribution contributed to boost profitability while maintaining a commitment to innovation and quality, adding that the company also continued to strengthen its key partnerships, launch new products, and continue its sustainability efforts. Meanwhile, the company's sales witnessed strong momentum across key markets during H1 2025. The Saudi market continued to drive growth, with revenues rising by 20.6% to SAR 577.8 million, accounting for more than two-thirds of the company's total revenue. Gulf markets accounted for SAR 107.7 million, led by the UAE and Oman, while sales in the Iraqi market grew by 27.3% to SAR 83.2 million, according to the top executive. He also highlighted that revenue from the Egyptian market grew by 12.8% in Egyptian pound, but declined when converted to Saudi riyals due to the depreciation of the Egyptian pound. Meanwhile, revenue from other export markets amounted to SAR 48.4 million, down 10% due to regional tensions in Jordan and Lebanon. However, export growth in Morocco and Libya helped mitigate the negative impact. Hosny also stated that the company is currently re-evaluating its distribution channels to ensure margin sustainability and achieve lower-risk growth in those markets. The company's H1 revenue was backed by several therapeutic areas, most notably general medicine, which grew by 37.7%. The ophthalmology and dermatology segments together accounted for 43.1% of topline. The diabetes drug portfolio grew by 71.5%, while cardiovascular treatments saw a 31.1% increase in sales, he added. Total production at the company's three plants reached 86 million units during H1, topped by the Jeddah plant with 68 million units at a utilization rate of 90.5%. Production at the Egypt plant grew by 54.1%, reaching 14 million units. The new sterile products plant in Jeddah continued its expansion, doubling its annual output to 4 million units with a utilization rate of 32.2%, which supported supplies in ophthalmology and sterile product segments, according to the CEO. As regards the Algeria project, Hosny said the project contributed SAR 6.5 million to H1 profit, as part of the company's expansion strategy in North Africa, while leveraging local manufacturing to enhance efficiency and reduce costs. He noted that this provides a solid platform for future expansion into neighboring North and West African markets. He also highlighted that the company will continue expanding into high-value therapeutic areas, accelerating regional expansion initiatives, and strategically investing in research and development and business alliances, especially in its core focus areas, with disciplined spending and a scalable platform.