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Vision 2030 Transforms Saudi Real Estate with Smart, Sustainable Developments

Prime Highlights:

  • Saudi Arabia’s real estate market is rapidly transforming, driven by government projects, financial reforms, and a growing young population.
  • Vision 2030 is shaping the sector with sustainable design, modern technology, and people-focused urban planning.

Key Facts:

  • Over 40 industry leaders and experts shared insights at the 19th Real Estate Development Summit in Jeddah.
  • Young buyers, making up more than 35% of the population, are fueling demand for smaller, well-designed homes with lifestyle amenities nearby.

Backround:

Saudi Arabia’s real estate market is growing quickly with new government projects, financial rules, and a young population.Experts shared these trends at the 19th Real Estate Summit in Jeddah. Key topics included biotech cities, modern building systems, and new ideas of luxury living.

Essam Ahmad Kalthoum, CEO of Asmou Development Co., said the country’s real estate momentum reflects the government’s strategic reforms and financial restructuring efforts. “We are firm believers in the potential of the Saudi market, led by the vision of His Highness Prince Mohammed bin Salman,” he said. Kalthoum added that the demand for property is rising across multiple sectors, especially hospitality, logistics, and infrastructure.

Saudi Arabia’s young population, with over 35 percent in younger age groups, is driving demand for housing. “Younger buyers prefer smaller, well-designed homes with nearby amenities,” said Kalthoum, noting that this trend is creating new opportunities.

Ron Bakker of PLP Architecture stressed walkable, mixed-use areas with homes, offices, and leisure. He said these designs make cities like Riyadh more livable and reduce long commutes.

Lamees Al-Ghamdi, business development manager at ARAC, said Saudi design standards have grown quickly. “We moved from basic designs to global standards, and now luxury combines modern style with Saudi identity,” she explained, noting projects like Diriyah as examples of blending heritage and modernity.

With government support and Vision 2030, Saudi Arabia’s real estate market is set to become one of the region’s most active and attractive for investors.

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