Off-plan property in KSA has shifted from a niche investor’s bet to one of the most strategically compelling real estate decisions in the Gulf. With residential transactions across Riyadh, Jeddah, and the Dammam Metropolitan Area reaching SAR 118 billion (USD 32 billion) in 2024 alone, the Kingdom’s market is maturing at speed.
Why does Off-Plan Property in Saudi Arabia Stand Apart in 2026?
Off-plan property in Saudi Arabia is closely tied to Vision 2030, which is driving large-scale urban and infrastructure development across the Kingdom. The government has committed over USD 1 trillion to:
- Giga-projects
- Hospitality hubs
- Entertainment districts
- New cities
The market data supports that momentum. Deloitte’s 2025 KSA Real Estate Report says total residential transactions across Riyadh, Jeddah, and DMA rose by around 50% between 2020 and 2024. In Riyadh:
- Apartment sales increased by 5%
- Villa sales increased by 12%
- Luxury residential prices rose by 9% in 2024
- Villas averaged SAR 5,824 per sqm by Q2 2024
Buying off-plan means entering before full price appreciation is reflected in completed assets. In cities such as Jeddah, early off-plan investors have historically outperformed secondary-market buyers by 15–20%.
The Cities Driving Off-Plan Demand
Not all cities are equal in this story. Riyadh dominates, holding around 40–41.5% of the national real estate market. Its strength comes from being the Kingdom’s main business hub, attracting foreign investment and a growing expatriate population.
Other cities add different strengths:
- Dammam: 8.41% projected CAGR to 2031, the highest in the market, driven by industrial diversification and proximity to oil infrastructure
- Jeddah: supported by Saudi Arabia, surpassing its 100-million-tourist target seven years early, which strengthens hospitality and residential demand
Recent indicators reinforce this trend:
- Riyadh: 41.5% market share in 2025
- DMA: highest projected CAGR at 8.41%
- Jeddah: apartment prices up 1% in 2024
In Riyadh alone, the housing deficit is estimated at 305,000 units through 2034, despite 850,000 units delivered under the Housing Program. That supply gap is what makes off-plan property in Saudi Arabia especially compelling for investors.
Vision 2030 Giga-Projects
The combined USD 1.3 trillion allocation for NEOM, Red Sea, Diriyah, Qiddiya, and New Murabba is sovereign capital deployed across verified construction contracts. Each of these projects creates adjacent off-plan property demand, both within their zones and in surrounding urban catchment areas. Here is what the data shows for each major project.
NEOM
26,500 km² · Tabuk Region
Red Sea Project
28,000 km² · Tourism Hub
Qiddiya
376 km² · Southwest Riyadh
New Murabba
Riyadh CBD Expansion
The Benefits of Buying Off-Plan Property in KSA
What to Check Before Buying Off-Plan Property?
Essential due diligence checklist
Find the Best Off-Plan Properties to Buy in Riyadh and Beyond
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