KSA Real Estate Market by Property Type (Residential Buildings & Dwellings, Commercial Complexes, Industrial Infrastructure, and Government Infrastructure), and by Business (Sales, Rental, and Lease) – Opportunity Analysis and Industry Forecast, 2024–2030

KSA Real Estate Market

Industry:  Construction & Manufacturing | Publish Date: Feb 2024 | No of Pages:  99 | No. Tables:  69 | No. Figures:  34

Market Definition

The KSA Real Estate Market size was valued at USD 123.9 million in 2023, and is predicted to reach USD 212.3 million by 2030, at a CAGR of 8.0% from 2024 to 2030.

The real estate industry constitutes a multifaceted market involving the acquisition, development, and management of residential and commercial properties. This expansive sector includes residential real estate, catering to individuals and families, as well as commercial and industrial real estate, focused on business operations and manufacturing. Real estate development involves the creation and enhancement of properties, while real estate investment encompasses acquiring properties for financial gain.

Additionally, a range of professional services, such as those provided by real estate agents and property managers, contributes to the industry's dynamics. Influenced by economic trends, demographic shifts, and regulatory factors, the real estate market is a complex landscape where various stakeholders engage in activities that shape urban environments, support economic growth, and provide investment opportunities.

The Growing Urbanization Across the Region Drives the Market Growth

Urbanization and infrastructure development are pivotal factors shaping the real estate market. As urban areas experience population growth, the quality and expansion of infrastructure become critical drivers of property demand and values. Improved transportation networks, including highways and public transit, enhance accessibility, making locations more appealing for real estate development. The presence of job centers and business districts also plays a significant role, as individuals seek residences close to employment hubs to reduce commute times.

Additionally, the concept of mixed-use development, integrating residential, commercial, and recreational spaces, has gained prominence, fostering walkability and a sense of community. In essence, the development of urban infrastructure significantly influences the overall attractiveness and value of real estate in a given area.

 

Rising Integration of Online Property Platform Drives the Market Growth in the Region

Rising online property platform for digital marketplace or website designed to streamline and enhance the real estate transaction process. These platforms serve as comprehensive hubs for property seekers and sellers, offering a wide array of property listings with detailed information, including location, size, amenities, and pricing. Users can efficiently search for properties using advanced filters, explore virtual tours, and view high-quality images.

These platforms often provide valuable market insights and trends, empowering users with information about the real estate landscape. Additionally, users can create accounts to save favorite listings, receive property alerts, and track their search history.

Government Policies and Economic Factors Hinder the Market Growth Over the Region

Government policies and regulations, including tax structures and zoning rules, alongside economic uncertainties such as recessions, are the primary factors constraining the growth of the real estate market. These influential elements determine the property values, development opportunities, and investor confidence, thereby making it crucial for real estate professionals to adapt and strategize in accordance with these dynamics, which can significantly impact the market's trajectory.

 

Rising Smart City and Sustainable Development Projects Across the Region Create Ample Market Opportunities

The growing number of smart cities and sustainable development projects over the region is expected to provide ample opportunities in the real estate market in the coming years. These projects focus on creating eco-friendly, tech-savvy urban environments that enhance the quality of life.

As cities face issues of energy efficiency and infrastructure, the real estate sector benefits from constructing environmentally friendly, technologically advanced properties. This trend not only addresses pressing global challenges but also offers a promising future for real estate investors and developers to prosper in a world increasingly focused on sustainability and technology.

 

Competitive Landscape

The market players operating in the KSA real estate market include Prologis, Inc., Brookfield Asset Management Inc., ATC IP LLC, Simon Property Group, L.P., Coldwell Banker, Tata Housing Development Company, Keller Williams Realty, Inc., CBRE Group, Inc., Sotheby’s International Realty Affiliates LLC, and Colliers.

KSA Real Estate Market Key Segments

By Property Type

  • Residential Buildings & Dwellings

  • Commercial Complexes

  • Industrial Infrastructure

  • Government Infrastructure

By Business 

  • Sales

  • Rental

  • Lease

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 123.9 Million

Revenue Forecast in 2030

USD 212.3 Million

Growth Rate

CAGR of 8.0% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • The growing urbanization across the region drives the market growth.

  • Rising integration of online property platform drives the market growth in the region.

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Test

1      INTRODUCTION

           1.1      REPORT DESCRIPTION

           1.2      RESEARCH METHODOLOGY

                         1.2.1      SECONDARY RESEARCH

                         1.2.2      DATA ANALYSIS FRAMEWORK

                         1.2.3      MARKET SIZE ESTIMATION

                         1.2.4      FORECASTING

                         1.2.5      PRIMARY RESEARCH AND DATA VALIDATION

2      KSA REAL ESTATE MARKET – EXECUTIVE SUMMARY

           2.1.      MARKET SNAPSHOT, 2023 - 2030, MILLION USD

3      PORTER’S FIVE FORCE MODEL ANALYSIS

           3.1      BARGAINING POWER OF SUPPLIERS

           3.2      BARGAINING POWER OF BUYERS

           3.3      DEGREE OF COMPETITION

           3.4      THREAT OF SUBSTITUTE

           3.5      THREAT OF NEW ENTRANTS

4      MARKET SHARE ANALYSIS

           4.1      MARKET SHARE ANALYSIS OF TOP PROVIDERS, 2023

5      MARKET DYNAMICS

           5.1      GROWTH DRIVERS

                         5.1.1      DRIVER 1

                         5.1.2      DRIVER 2

                         5.1.3      DRIVER 3

                         5.1.4      DRIVER 4

           5.2      CHALLENGES

                         5.2.1      CHALLENGE 1

                         5.2.2      CHALLENGE 2

                         5.2.3      CHALLENGE 3

                         5.2.4      CHALLENGE 4

           5.3      OPPORTUNITIES

                         5.3.1      OPPORTUNITY 1

                         5.3.2      OPPORTUNITY 2

6       KSA REAL ESTATE MARKET BY PROPERTY TYPE

           6.1      OVERVIEW

           6.2      RESIDENTIAL BUILDINGS AND DWELLINGS MARKET

           6.3      COMMERCIAL COMPLEXES MARKET

           6.4      INDUSTRIAL INFRASTRUCTURE MARKET

           6.5      GOVERNMENT INFRASTRUCTURE MARKET

7       KSA REAL ESTATE MARKET BY BUSINESS

           7.1      OVERVIEW

           7.2      SALES MARKET

           7.3      RENTAL MARKET

           7.4      LEASE MARKET

8     COMPANY PROFILES

           8.1     PROLOGIS, INC.

                         8.1.1     COMPANY OVERVIEW

                         8.1.2     COMPANY SNAPSHOT

                         8.1.3     OPERATING BUSINESS SEGMENTS

                         8.1.4     PRODUCT PORTFOLIO

                         8.1.5     BUSINESS PERFORMANCE

                         8.1.6     BUSINESS SEGMENTS

                         8.1.7     GEOGRAPHIC SEGMENTS

                         8.1.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.1.9     PRIMARY MARKET COMPETITORS

           8.2     BROOKFIELD ASSET MANAGEMENT INC.

                         8.2.1     COMPANY OVERVIEW

                         8.2.2     COMPANY SNAPSHOT

                         8.2.3     OPERATING BUSINESS SEGMENTS

                         8.2.4     PRODUCT PORTFOLIO

                         8.2.5     BUSINESS PERFORMANCE

                         8.2.6     BUSINESS SEGMENTS

                         8.2.7     GEOGRAPHIC SEGMENTS

                         8.2.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.2.9     PRIMARY MARKET COMPETITORS

           8.3     ATC IP LLC

                         8.3.1     COMPANY OVERVIEW

                         8.3.2     COMPANY SNAPSHOT

                         8.3.3     OPERATING BUSINESS SEGMENTS

                         8.3.4     PRODUCT PORTFOLIO

                         8.3.5     BUSINESS PERFORMANCE

                         8.3.6     BUSINESS SEGMENTS

                         8.3.7     GEOGRAPHIC SEGMENTS

                         8.3.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.3.9     PRIMARY MARKET COMPETITORS

           8.4     SIMON PROPERTY GROUP, L.P.

                         8.4.1     COMPANY OVERVIEW

                         8.4.2     COMPANY SNAPSHOT

                         8.4.3     OPERATING BUSINESS SEGMENTS

                         8.4.4     PRODUCT PORTFOLIO

                         8.4.5     BUSINESS PERFORMANCE

                         8.4.6     BUSINESS SEGMENTS

                         8.4.7     GEOGRAPHIC SEGMENTS

                         8.4.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.4.9     PRIMARY MARKET COMPETITORS

           8.5     COLDWELL BANKER

                         8.5.1     COMPANY OVERVIEW

                         8.5.2     COMPANY SNAPSHOT

                         8.5.3     OPERATING BUSINESS SEGMENTS

                         8.5.4     PRODUCT PORTFOLIO

                         8.5.5     BUSINESS PERFORMANCE

                         8.5.6     BUSINESS SEGMENTS

                         8.5.7     GEOGRAPHIC SEGMENTS

                         8.5.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.5.9     PRIMARY MARKET COMPETITORS

           8.6     TATA HOUSING DEVELOPMENT COMPANY

                         8.6.1     COMPANY OVERVIEW

                         8.6.2     COMPANY SNAPSHOT

                         8.6.3     OPERATING BUSINESS SEGMENTS

                         8.6.4     PRODUCT PORTFOLIO

                         8.6.5     BUSINESS PERFORMANCE

                         8.6.6     BUSINESS SEGMENTS

                         8.6.7     GEOGRAPHIC SEGMENTS

                         8.6.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.6.9     PRIMARY MARKET COMPETITORS

           8.7     KELLER WILLIAMS REALTY, INC.

                         8.7.1     COMPANY OVERVIEW

                         8.7.2     COMPANY SNAPSHOT

                         8.7.3     OPERATING BUSINESS SEGMENTS

                         8.7.4     PRODUCT PORTFOLIO

                         8.7.5     BUSINESS PERFORMANCE

                         8.7.6     BUSINESS SEGMENTS

                         8.7.7     GEOGRAPHIC SEGMENTS

                         8.7.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.7.9     PRIMARY MARKET COMPETITORS

           8.8     CBRE GROUP, INC.

                         8.8.1     COMPANY OVERVIEW

                         8.8.2     COMPANY SNAPSHOT

                         8.8.3     OPERATING BUSINESS SEGMENTS

                         8.8.4     PRODUCT PORTFOLIO

                         8.8.5     BUSINESS PERFORMANCE

                         8.8.6     BUSINESS SEGMENTS

                         8.8.7     GEOGRAPHIC SEGMENTS

                         8.8.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.8.9     PRIMARY MARKET COMPETITORS

           8.9     SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC

                         8.9.1     COMPANY OVERVIEW

                         8.9.2     COMPANY SNAPSHOT

                         8.9.3     OPERATING BUSINESS SEGMENTS

                         8.9.4     PRODUCT PORTFOLIO

                         8.9.5     BUSINESS PERFORMANCE

                         8.9.6     BUSINESS SEGMENTS

                         8.9.7     GEOGRAPHIC SEGMENTS

                         8.9.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.9.9     PRIMARY MARKET COMPETITORS

           8.10     COLLIERS

                         8.10.1     COMPANY OVERVIEW

                         8.10.2     COMPANY SNAPSHOT

                         8.10.3     OPERATING BUSINESS SEGMENTS

                         8.10.4     PRODUCT PORTFOLIO

                         8.10.5     BUSINESS PERFORMANCE

                         8.10.6     BUSINESS SEGMENTS

                         8.10.7     GEOGRAPHIC SEGMENTS

                         8.10.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         8.10.9     PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1. KSA REAL ESTATE MARKET VALUE, BY PROPERTY TYPE, 2023-2030, (MILLION USD)

TABLE 2. RESIDENTIAL BUILDINGS AND DWELLINGS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 3. COMMERCIAL COMPLEXES, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 4. INDUSTRIAL INFRASTRUCTURE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 5. GOVERNMENT INFRASTRUCTURE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 6. KSA REAL ESTATE MARKET VALUE, BY BUSINESS, 2023-2030, (MILLION USD)

TABLE 7. SALES, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 8. RENTAL, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 9. LEASE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 10. PROLOGIS, INC.: COMPANY SNAPSHOT

TABLE 11. PROLOGIS, INC.: OPERATING BUSINESS SEGMENTS

TABLE 12. PROLOGIS, INC.: PRODUCT PORTFOLIO

TABLE 13. PROLOGIS, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 14. PROLOGIS, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 15. PROLOGIS, INC.: KEY STRATERGY

TABLE 16. BROOKFIELD ASSET MANAGEMENT INC.: COMPANY SNAPSHOT

TABLE 17. BROOKFIELD ASSET MANAGEMENT INC.: OPERATING BUSINESS SEGMENTS

TABLE 18. BROOKFIELD ASSET MANAGEMENT INC.: PRODUCT PORTFOLIO

TABLE 19. BROOKFIELD ASSET MANAGEMENT INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 20. BROOKFIELD ASSET MANAGEMENT INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 21. BROOKFIELD ASSET MANAGEMENT INC.: KEY STRATERGY

TABLE 22. ATC IP LLC: COMPANY SNAPSHOT

TABLE 23. ATC IP LLC: OPERATING BUSINESS SEGMENTS

TABLE 24. ATC IP LLC: PRODUCT PORTFOLIO

TABLE 25. ATC IP LLC: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 26. ATC IP LLC: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 27. ATC IP LLC: KEY STRATERGY

TABLE 28. SIMON PROPERTY GROUP, L.P.: COMPANY SNAPSHOT

TABLE 29. SIMON PROPERTY GROUP, L.P.: OPERATING BUSINESS SEGMENTS

TABLE 30. SIMON PROPERTY GROUP, L.P.: PRODUCT PORTFOLIO

TABLE 31. SIMON PROPERTY GROUP, L.P.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 32. SIMON PROPERTY GROUP, L.P.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 33. SIMON PROPERTY GROUP, L.P.: KEY STRATERGY

TABLE 34. COLDWELL BANKER: COMPANY SNAPSHOT

TABLE 35. COLDWELL BANKER: OPERATING BUSINESS SEGMENTS

TABLE 36. COLDWELL BANKER: PRODUCT PORTFOLIO

TABLE 37. COLDWELL BANKER: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 38. COLDWELL BANKER: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 39. COLDWELL BANKER: KEY STRATERGY

TABLE 40. TATA HOUSING DEVELOPMENT COMPANY: COMPANY SNAPSHOT

TABLE 41. TATA HOUSING DEVELOPMENT COMPANY: OPERATING BUSINESS SEGMENTS

TABLE 42. TATA HOUSING DEVELOPMENT COMPANY: PRODUCT PORTFOLIO

TABLE 43. TATA HOUSING DEVELOPMENT COMPANY: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 44. TATA HOUSING DEVELOPMENT COMPANY: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 45. TATA HOUSING DEVELOPMENT COMPANY: KEY STRATERGY

TABLE 46. KELLER WILLIAMS REALTY, INC.: COMPANY SNAPSHOT

TABLE 47. KELLER WILLIAMS REALTY, INC.: OPERATING BUSINESS SEGMENTS

TABLE 48. KELLER WILLIAMS REALTY, INC.: PRODUCT PORTFOLIO

TABLE 49. KELLER WILLIAMS REALTY, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 50. KELLER WILLIAMS REALTY, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 51. KELLER WILLIAMS REALTY, INC.: KEY STRATERGY

TABLE 52. CBRE GROUP, INC.: COMPANY SNAPSHOT

TABLE 53. CBRE GROUP, INC.: OPERATING BUSINESS SEGMENTS

TABLE 54. CBRE GROUP, INC.: PRODUCT PORTFOLIO

TABLE 55. CBRE GROUP, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 56. CBRE GROUP, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 57. CBRE GROUP, INC.: KEY STRATERGY

TABLE 58. SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC: COMPANY SNAPSHOT

TABLE 59. SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC: OPERATING BUSINESS SEGMENTS

TABLE 60. SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC: PRODUCT PORTFOLIO

TABLE 61. SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 62. SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 63. SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC: KEY STRATERGY

TABLE 64. COLLIERS: COMPANY SNAPSHOT

TABLE 65. COLLIERS: OPERATING BUSINESS SEGMENTS

TABLE 66. COLLIERS: PRODUCT PORTFOLIO

TABLE 67. COLLIERS: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 68. COLLIERS: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 69. COLLIERS: KEY STRATERGY

LIST OF FIGURES

FIGURE 1. BARGAINING POWER OF SUPPLIERS

FIGURE 2. BARGAINING POWER OF BUYERS

FIGURE 3. DEGREE OF COMPETITION

FIGURE 4. THREAT OF SUBSTITUTE

FIGURE 5. THREAT OF NEW ENTRANTS

FIGURE 6. KSA REAL ESTATE MARKET VALUE, BY PROPERTY TYPE, 2023-2030, (MILLION USD)

FIGURE 7. RESIDENTIAL BUILDINGS AND DWELLINGS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 8. COMMERCIAL COMPLEXES, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 9. INDUSTRIAL INFRASTRUCTURE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 10. GOVERNMENT INFRASTRUCTURE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 11. KSA REAL ESTATE MARKET VALUE, BY BUSINESS, 2023-2030, (MILLION USD)

FIGURE 12. SALES, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 13. RENTAL, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 14. LEASE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 15. PROLOGIS, INC.: NET SALES, (2021-2023)

FIGURE 16. PROLOGIS, INC.: PRIMARY MARKET COMPETITORS

FIGURE 17. BROOKFIELD ASSET MANAGEMENT INC.: NET SALES, (2021-2023)

FIGURE 18. BROOKFIELD ASSET MANAGEMENT INC.: PRIMARY MARKET COMPETITORS

FIGURE 19. ATC IP LLC: NET SALES, (2021-2023)

FIGURE 20. ATC IP LLC: PRIMARY MARKET COMPETITORS

FIGURE 21. SIMON PROPERTY GROUP, L.P.: NET SALES, (2021-2023)

FIGURE 22. SIMON PROPERTY GROUP, L.P.: PRIMARY MARKET COMPETITORS

FIGURE 23. COLDWELL BANKER: NET SALES, (2021-2023)

FIGURE 24. COLDWELL BANKER: PRIMARY MARKET COMPETITORS

FIGURE 25. TATA HOUSING DEVELOPMENT COMPANY: NET SALES, (2021-2023)

FIGURE 26. TATA HOUSING DEVELOPMENT COMPANY: PRIMARY MARKET COMPETITORS

FIGURE 27. KELLER WILLIAMS REALTY, INC.: NET SALES, (2021-2023)

FIGURE 28. KELLER WILLIAMS REALTY, INC.: PRIMARY MARKET COMPETITORS

FIGURE 29. CBRE GROUP, INC.: NET SALES, (2021-2023)

FIGURE 30. CBRE GROUP, INC.: PRIMARY MARKET COMPETITORS

FIGURE 31. SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC: NET SALES, (2021-2023)

FIGURE 32. SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC: PRIMARY MARKET COMPETITORS

FIGURE 33. COLLIERS: NET SALES, (2021-2023)

FIGURE 34. COLLIERS: PRIMARY MARKET COMPETITORS

KEY PLAYERS

  • Prologis, Inc.

  • Brookfield Asset Management Inc. 

  • ATC IP LLC 

  • Simon Property Group L.P.

  • Coldwell Banker 

  • Tata Housing Development Company 

  • Keller Williams Realty, Inc.

  • CBRE Group, Inc.

  • Sotheby’s International Realty Affiliates LLC

  • Colliers


Frequently Asked Questions
What are the key players operating in the KSA real estate market?

The key market players operating in the KSA real estate market are Prologis, Inc., Brookfield Asset Management Inc., ATC IP LLC, Simon Property Group, L.P., Coldwell Banker, Tata Housing Development Company, Keller Williams Realty, Inc., CBRE Group, Inc., Sotheby’s International Realty Affiliates LLC, and Colliers.

What will be the size of the KSA real estate market in 2030?

According to the Next Move Strategy Consulting, the size of the KSA real estate market is estimated to be at USD 212.3 million in 2030.

What is the role of a real estate agent?

Real estate agents help buyers and sellers navigate the market, negotiate deals, and handle paperwork. They provide expertise and guidance throughout the transaction.

What challenges are related to the real estate industry?

Key challenges in the smart furniture industry are the government policies and environmental concerns.

What is the size of the KSA real estate market in 2023?

According to the Next Move Strategy Consulting, the size of the KSA real estate market is estimated at USD 123.9 million in 2023.