Property Middle East, a leading media platform for real estate markets in the Middle East, has released its inaugural annual report on the Saudi Arabian real estate sector for 2024.

The report provides a comprehensive overview of the real estate market's performance over the past year, highlighting the remarkable growth in terms of property transactions, real estate financing, regulatory reforms, and major events that have boosted the sector. It also analyzes the performance of real estate investment funds traded on the Saudi Stock Exchange (Tadawul) and the performance of listed real estate development companies.

The report revealed an exceptional performance of the Saudi real estate sector in 2024, with significant transformations supporting the goals of Saudi Vision 2030 to diversify the national economy and strengthen non-oil sectors.

The report indicated a significant increase in the volume of real estate transactions and new projects, driven by regulatory reforms and supportive government initiatives. The real estate financing market also witnessed unprecedented growth, reflecting the rising demand for real estate financing from individuals and companies.

According to the report, 2024 saw major regulatory changes that enhanced the attractiveness of the Saudi real estate market, with the General Authority for Real Estate issuing over 20 key regulations in recent years.

Additionally, 2024 witnessed a series of major real estate events that played a pivotal role in stimulating the sector and attracting local and international investors. Moreover, new strategic projects were launched to contribute to achieving sustainable development goals and enhancing transparency and sustainability in the Saudi real estate market.

According to the Property Middle East report, the index of the real estate investment funds traded on Tadawul ended 2024 with a decline of 13.49%. However, the real estate development sector in the stock market continued its strong growth trajectory, benefiting from a supportive regulatory environment and strategic investments that enhanced its attractiveness both domestically and internationally.

It is worth noting that Property Middle East is a specialized media platform that monitors and analyzes real estate markets in the Middle East, providing comprehensive coverage of news, reports, and trends affecting the real estate sector, including economic developments, new regulations, and investment opportunities.