Real Estate Market Pulse Riyadh Jeddah and Dammam Metropolitan Area (DMA)

The real estate sector remained resilient, supported by government initiatives and Vision 2030’s economic diversification. Demand for quality office space, flexible workspaces and sustainable residential developments rose, reflecting shifts towards hybrid work models and wellness-centric living. Retail and hospitality sectors adapted to evolving consumer trends, emphasizing experiential offerings and digital innovation.

Riyadh experienced a significant rise in transaction volumes, driven by demand for residential properties, modern office spaces, and master-planned communities, attracting the highest investment as the capital. Jeddah saw notable growth with major projects like the Jeddah Waterfront and Jeddah Central advancing, benefiting from its strategic location near Makkah and proximity to the Islamic port.

The Dammam Metropolitan Area (DMA) gained momentum with developments in Dhahran, Dammam, and Khobar introducing new real estate opportunities, driven by the expansion of its industrial and retail sectors and its status as a major port and transportation hub. Unique hotel offerings in the Red Sea region boosted the Kingdom’s tourism profile, attracting more visitors, with tourist arrivals exceeding predictions.