RIYADH: The Gulf Cooperation Council’s property market is set to extend its growth momentum into the second half of the year, supported by lower interest rates, government investment, and resilient investor demand, a new analysis showed.
In its latest report, Kuwait Financial Center, also known as Markaz, noted strong activity in Saudi Arabia, the UAE, and Kuwait during the first half of the year, driven by rising property values and strong sales across the residential, commercial, and hospitality segments.
The analysis underscores the expansion of Saudi Arabia’s real estate sector as the Kingdom seeks to position itself as a leading business and tourism hub by the end of the decade.
The Kingdom’s Real Estate General Authority expects the property market to reach $101.62 billion by 2029, with an anticipated compound annual growth rate of 8 percent from 2024.
“With macroeconomic indicators showing signs of continued recovery, Markaz expects real estate markets in Kuwait, Saudi Arabia, and the UAE to maintain upward momentum through the second half of 2025,” Markaz said.
