Destination Saudi

The results derived from two surveys for our 2024 Destination Saudi Report have upheld our perception of the emerging foreign residential market demand in Saudi Arabia.

On top of that, they have provided insight into the tourism, hospitality, and wellbeing sectors, unmasking dynamics that have the potential to alter the performance and behaviour of Saudi Arabia’s market significantly.

In this 2024 Destination Saudi Report, we have highlighted seven distinctive opportunities to examine that will help to reveal the depth of implicit demand for residential real estate investments and purchases from groups that have historically been unable to access the Kingdom’s real estate markets. We invite you to discover the complete analysis of the data collected through our two surveys of over 500 international Muslim HNWI from nine nations, plus 240 Saudi-based expat residents, in our 2024 Destination Saudi Report.

Introduction
Expert insights
Discover the Data
Request the report
Meet the team

Introduction

Expert insights

Listen to our research, real estate strategy, and consultancy team as they delve into the key findings and major highlights from the 2024 Destination Saudi Report, looking across the foreign demand and expat residents’ interest in Saudi Arabia's real estate markets.

Partner Valuation, PPP & Deal Advisor, KSA, uncovers high demand for real estate purchase in the Kingdom from Saudi-based expats, with 77% of those surveyed interested in buying a residential property.

Partner - Luxury Brands, MENA discusses the concept of branded residences and their development across the Kingdom. The most influential factor for global Muslim HNWI impacting the desire to make a branded residential purchase in either Holy City is the expected high yield and investment potential.

Partner and Head of Research, MENA defines the emergence of Giga projects as the most visible impact of Vision 2030 with the US$ 500bn super city of NEOM being clear favourite among Destination Saudi 2024 expat respondents for home purchase. Unlike Saudi expats’ views, the global Muslim HNWI we polled favour the Red Sea Project most for a residential purchase.

Associate Partner and Co-Head of Strategy and Consultancy, KSA talks about real estate demand from global Muslim HNWI in the Holy Cities of Makkah and Madinah. New property ownership linked to the Premium Residency Visa permits owning property in the Holy Cities only on a 99-year leasehold basis. Still, 84% of the respondents are interested in making a residential purchase either in Makkah or Madinah.

Discover the Data

Residential

Discover the data: Saudi - Survey 1

13 June 2025

Residential

Discover the data: Saudi - Survey 2

13 June 2025

Request the report

Destination Saudi 2024

Request the report

Meet the team

Meet our team of real estate research and consultancy professionals who have provided expert insights on this year’s report findings.

Harmen De Jong

Regional Partner - Head of Consulting

+966 112 890 716
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Andrew Love

Regional Partner - Head of Capital Markets & Commercial Agency

+971 4 4267 608
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Stephen Flanagan

Regional Partner - Head of Valuation & Advisory, MENA

+971 4 4267 617
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James Hodgetts

Partner

+971 4 4267 635
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Onzie Jones

Partner

+971 4 4267 631
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Shehzad Jamal

Partner StratCon –Healthcare | Education | Real Estate

+971 4 4267 647
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Faisal Durrani

Partner - Head of Research, MENA

+971 4 4267 698
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Vera Zabelina

Research Analyst

+971 50 623 4413
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Show Team

Our Destinations Series

Destination Dubai 2025: Dubai Real Estate Market Outlook for Global Investors

In our flagship annual publication, Destination Dubai 2025, we surveyed 387 global HNWI respondents across the UK, India, Saudi Arabia and East Asia (China, Hong Kong, Singapore) to understand their attitudes, appetites, and aspirations towards investing in property in Dubai.

21 May 2025