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GCC Luxury Residential Real Estate Market Projected to Expand Rapidly with 2.98% CAGR by 2030

MarkNtel Advisors recently published a detailed industry analysis of the GCC Luxury Residential Real Estate Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

GCC Luxury Residential Real Estate Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 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. 

Key Findings in GCC Luxury Residential Real Estate Market:

  • Historical Analysis: 2020–2023    
  • Base Year: 2024
  • Forecast Period: 2025–2030

Leading Market Players- 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

Key Highlights of the Report

  • Market Dimensions & Projections
  • Pricing Evaluation,
  • Recent Strategic Moves by Companies,
  • Primary Stakeholders,
  • Analysis of Import and Export Trends,
  • Competitive Landscape Assessment,
  • Emerging Opportunities,
  • Market Trends and Indicators

What are the major Driver the GCC Luxury Residential Real Estate industry?

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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What segments define the GCC Luxury Residential Real Estate Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?

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

According to report, 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

According to report, Based on the configuration, 5-6 Bedroom segment lead the luxury residential real estate market with a market share of around 58%. 

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

Explore the Complete GCC Luxury Residential Real Estate Market Analysis Report – https://www.marknteladvisors.com/research-library/gcc-luxury-residential-real-estate-market.html

Geographical Analysis: GCC Luxury Residential Real Estate Market

 By Country

  • The UAE
  • Saudi Arabia
  • Qatar
  • Kuwait
  • Oman
  • Bahrain

GCC Luxury Residential Real Estate Market 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.
  • 2024: DAMAC Properties introduced DAMAC Sun City, a new luxurious residential property. This development is designed to provide elegance and luxury along with nature-centric living.

Key Questions Addressed in This Study

  • What are the primary factors driving the growth of the GCC Luxury Residential Real Estate Market?
  • How is the GCC Luxury Residential Real Estate Market expected to evolve over the next five years?
  • What key insights can be drawn from current trends shaping the market?
  • What is the current market size, and how is it forecasted to change in the coming years?
  • What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/gcc-luxury-residential-real-estate-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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