GCC Luxury Residential Real Estate Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020–23
Forecast Years: 2025-2030
The GCC Luxury Residential Real Estate Market size was valued at around USD 176.29 billion in 2024 and is projected to reach USD 215 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 2.98% during the forecast period, i.e., 2025-30.
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GCC Luxury Residential Real Estate Market Dynamics: 2025-2030
GCC Luxury Residential Real Estate Market Driver:
Tax Benefits Attracting a High Number of Investors – The tax benefits available in this region are the main factors that attract a lot of local and foreign people to invest in luxury properties in this region. There are no taxes involved in buying a property or any yearly charges in the UAE, Qatar, Kuwait, and Oman. In Saudi Arabia and Bahrain, buyers are free from annual taxes, but they have to pay taxes for transferring the properties to themselves. This tax is only around 2% in Bahrain and 5% in Saudi Arabia. As a result, luxury houses have become more attractive and accessible for buyers and investors in this region. For instance, real estate transactions increased by around 13.1% in Sharjah that were worth around USD 7.4 billion in 2023.
Therefore, due to the absence of various taxes, a very high number of investments have been noted in luxury residential real estate in the GCC region, from both local and foreign investors, and this trend is expected to continue in the forecast years as well.
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GCC Luxury Residential Real Estate Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Type
-Flats & Apartments – Market Size & Forecast 2020-2030, USD Million
-Condominiums – Market Size & Forecast 2020-2030, USD Million
-Penthouses – Market Size & Forecast 2020-2030, USD Million
-Townhouses & Villas – Market Size & Forecast 2020-2030, USD Million
-Others – Market Size & Forecast 2020-2030, USD Million
Based on the type of luxury residential property, townhouses & villas are the most purchased luxury properties holding a market share of around 49%.
By Configuration
-1-2 Bedrooms (BHK) – Market Size & Forecast 2020-2030, USD Million
-3-4 Bedrooms (BHK) – Market Size & Forecast 2020-2030, USD Million
-5-6 Bedrooms (BHK) – Market Size & Forecast 2020-2030, USD Million
-7 & above Bedrooms (BHK) – Market Size & Forecast 2020-2030, USD Million
By Furnishing
-Fully-Furnished – Market Size & Forecast 2020-2030, USD Million
-Semi-Furnished – Market Size & Forecast 2020-2030, USD Million
By Size
-Less than 5,000 sq. ft. – Market Size & Forecast 2020-2030, USD Million
-5,000 – 10,000 sq. ft. – Market Size & Forecast 2020-2030, USD Million
-10,000 – 15,000 sq. ft. – Market Size & Forecast 2020-2030, USD Million
-15,000 – 20,000 sq. ft. – Market Size & Forecast 2020-2030, USD Million
-Above 20,000 sq. ft. – Market Size & Forecast 2020-2030, USD Million
By Price
-1 – 5 (USD Millions) – Market Size & Forecast 2020-2030, USD Million
-5 – 10 (USD Millions) – Market Size & Forecast 2020-2030, USD Million
-10 – 20 (USD Millions) – Market Size & Forecast 2020-2030, USD Million
-20 – 50 (USD Millions) – Market Size & Forecast 2020-2030, USD Million
-50 – 100 (USD Millions) – Market Size & Forecast 2020-2030, USD Million
-Above 100 (USD Millions) – Market Size & Forecast 2020-2030, USD Million
By Region
-The UAE
-Saudi Arabia
-Qatar
-Kuwait
-Oman
-Bahrain.
Regionally, the UAE dominates the market with a market share of around 46%.
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Top Companies Operating in the GCC Luxury Residential Real Estate Market:
Emaar Properties, Sobha Realty, Meraas, Nakheel Properties, DAMAC Properties, Dar Al Arkan, Jabal Omar Development Company, Barwa Real Estate, Wujha Real Estate, Al Raid Group, Al Mouj Muscat, Al Akaria, and others.
GCC Luxury Residential Real Estate Industry Recent Development:
- 2024: Emaar Properties collaborated with Dubai World Trade Centre to develop Expo Living, a community in the Dubai South. In this community, the Emaar properties also launched Terra Heights, luxurious residential apartments.
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