Real estate consultancy JLLsaid Saudi Arabia’s residential market has shown signs of increasing maturity, with several urban centers recording significant rental growth and varying transaction performance across the Kingdom. 
In its latest report, JLL noted that as end-user needs evolve and demand for affordable apartments continues to rise, this market activity supports the Kingdom’s ambitious urban development projects under the Vision 2030 agenda. It added that this agenda attracts substantial investment into the main residential markets of Riyadh, Jeddah, and the Dammam Metropolitan Area.
Population growth, economic diversification, and government homeownership initiatives are also driving these investments.
The report further highlighted the strategic impact of master-planned residential communities, emphasizing that the growing demand for integrated living environments will shape future supply, particularly in Riyadh and Jeddah.
While ongoing government initiatives created strong demand, the sector remains poised for further growth and diversification, supported by the anticipated foreign ownership law scheduled to take effect in January 2026.
According to the report, this law is expected to revitalize the sector and expand housing supply, attracting international developers and investors to the Saudi market and opening broader opportunities for all stakeholders across the Kingdom.
Real estate consultancy JLLsaid Saudi Arabia’s residential market has shown signs of increasing maturity, with several urban centers recording significant rental growth and varying transaction performance across the Kingdom.
In its latest report, JLL noted that as end-user needs evolve and demand for affordable apartments continues to rise, this market activity supports the Kingdom’s ambitious urban development projects under the Vision 2030 agenda. It added that this agenda attracts substantial investment into the main residential markets of Riyadh, Jeddah, and the Dammam Metropolitan Area.
Population growth, economic diversification, and government homeownership initiatives are also driving these investments.
The report further highlighted the strategic impact of master-planned residential communities, emphasizing that the growing demand for integrated living environments will shape future supply, particularly in Riyadh and Jeddah.
While ongoing government initiatives created strong demand, the sector remains poised for further growth and diversification, supported by the anticipated foreign ownership law scheduled to take effect in January 2026.
According to the report, this law is expected to revitalize the sector and expand housing supply, attracting international developers and investors to the Saudi market and opening broader opportunities for all stakeholders across the Kingdom.
