Market Analysis
How Saudi Vision 2030 is Transforming the Real Estate Sector
January 3, 202613 views
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The Vision 2030 Real Estate Revolution
Saudi Arabia's Vision 2030 has ushered in a new era for the Kingdom's real estate sector. With ambitious mega-projects like NEOM, The Red Sea Project, and Qiddiya, the country is positioning itself as a global destination for investment, tourism, and innovation.
Key Developments
- NEOM: A $500 billion futuristic city spanning 26,500 km²
- The Red Sea Project: Luxury tourism destination with 50 hotels
- Qiddiya: Entertainment and sports city near Riyadh
- Diriyah Gate: Cultural and heritage destination
Foreign Investment Opportunities
Recent regulatory changes now allow foreign nationals to own property in designated areas, opening doors for international investors. The Real Estate General Authority (REGA) has streamlined processes to facilitate foreign ownership.
Market Growth Projections
The Saudi real estate market is expected to grow at a CAGR of 8% through 2030, driven by population growth, urbanization, and government initiatives.
