GCC Luxury Residential Real Estate Market Forecast 2030: Key Players & Emerging Trends

GCC Luxury Residential Real Estate Market Size & Insights

According to MarkNtel Advisors study The future of 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. 

What are the Key Driver in the GCC Luxury Residential Real Estate Market?

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.

What are the Key Segments in the GCC Luxury Residential Real Estate Market?

The GCC Luxury Residential Real Estate is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• 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

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How does geographical analysis highlight in the GCC Luxury Residential Real Estate market?

·       By Region

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

Who are the Key Players in 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

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GCC Luxury Residential Real Estate Market News

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.

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·       Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

·       Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

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Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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