The actual property sector is without doubt one of the important engines of the Saudi economic system and is second after the oil sector by way of the financial return. In 2024, the actual property market within the kingdom noticed an unprecedented exercise as a result of the worth of actual property transactions was round $ 533 billion (comparable to $ 2.5 trillion riyals) and was expanded over an space of roughly 5.8 billion sq. meters over greater than 622 thousand enterprise.
The variety of properties traded in the identical 12 months exceeds 520 thousand actual property, which has a transparent indication of the expansion and demand quantity on this sector, which will increase actual property market standing as an vital pillar for supporting the targets of nationwide financial progress and the Saudi Imaginative and prescient 2030.
Actual property mediation is without doubt one of the most associated professions within the growth of the actual property market within the Kingdom of Saudi Arabia, since unorganized particular person work has been radically modified by the final actual property company in recent times.
In line with the authority, the variety of lively licenses for actual property mediation exercise (case license) has achieved greater than 46,000 licenses because the starting of the system, which made 64% for people and 36% for establishments, which displays the essential position that also play people in the marketplace in an organized {and professional} setting.
Within the first quarter of 2025, the authority introduced the documentation of greater than 96,000 actual property company contracts, at a each day value of 1,066 contracts and at a value of 44 contracts per hour. The overall contracts which have elevated to greater than 507,000 contracts because the introduction of the regime, with the annual progress charge of 97% in comparison with the identical interval in 2024, which displays the excessive stage of consciousness of the actual property vendor for the significance of documentation and the dedication to rules and rules.
As a part of his efforts to arrange the occupation and develop its scope, the fee revealed greater than 7,875 new skilled licenses within the first quarter of 2025, together with a number of fields equivalent to:
- Actual property mediation and advertising.
- Consulting and actual property analyzes.
- Actual property and furnishing administration.
- Group of actual property auctions.
The authority additionally granted greater than 105,000 licenses for actual property adverts, along with a license for 10 new digital actual property platforms, whereby the overall variety of licensed platforms has been delivered to 71 digital platforms because the system has began, in a single step that improves digitization and effectivity, and helps the institution of a dependable setting to implement actual property transactions.
In view of worldwide experiments, there are clear variations within the construction of the actual property agent occupation.
In america, the Nationwide Affiliation of Ralations (Nar) knowledge present that 87% of the mediation employees work independently of their very own account, together with 1.5 million within the league.
In Dubai, the mannequin runs in the direction of the institutional group, as there are greater than 2,285 licensed brokerage places of work, and 5,933 accredited actual property medals that mirror an organized and institutionalized actual property setting.
