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. According to MarkNtel Advisors Study.
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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GCC Luxury Residential Real Estate Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- 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
- 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
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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. looking forward to strengthening their market positions.
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