Real Estate - GCC

  • GCC
  • The Real Estate market market in the GCC is estimated to reach a value of US$4.55tn by the year 2024.
  • Among the different segments within the market, Residential Real Estate is expected to dominate with a projected market volume of US$3.07tn in the same year.
  • It is anticipated that the market will experience an annual growth rate (CAGR 2024-2028) of 2.64%, resulting in a market volume of US$5.05tn by 2028.
  • When compared to other countries globally, China is expected to generate the highest value in Real Estate market, reaching US$135.70tn in 2024.
  • The real estate market in the GCC countries is experiencing a surge in demand for luxury properties due to high purchasing power and favorable investment climate.

Key regions: United States, China, Japan, Germany, United Kingdom

Region comparison

Analyst Opinion

The Real Estate market in GCC is experiencing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory. Customer preferences in the GCC Real Estate market are driven by several factors. One key preference is for luxury properties, as the region is known for its affluent population. High-end villas, penthouses, and luxury apartments are in high demand, particularly in cities like Dubai and Abu Dhabi. Additionally, there is a growing interest in sustainable and eco-friendly properties, as customers become more conscious about the environment. This preference for luxury and sustainability is driving developers to create innovative and high-quality real estate projects. Trends in the GCC Real Estate market are also shaping its development. One major trend is the increasing use of technology in the sector. Real estate companies are adopting digital platforms and tools to streamline processes, enhance customer experience, and improve efficiency. Virtual tours, online property listings, and digital transactions are becoming more common, making it easier for customers to search for and purchase properties. Another trend is the rise of mixed-use developments, which combine residential, commercial, and recreational spaces in a single project. These developments offer convenience and a vibrant lifestyle, attracting both residents and investors. Local special circumstances further contribute to the growth of the GCC Real Estate market. One such circumstance is the region's growing population. Rapid urbanization and an influx of expatriates are driving the demand for housing and commercial spaces. Additionally, the GCC countries have implemented policies to attract foreign investment, such as allowing non-GCC nationals to own properties. These policies have opened up the market to a wider range of buyers and investors, stimulating growth and creating opportunities for developers. Underlying macroeconomic factors also play a role in the development of the GCC Real Estate market. The region's strong economic growth, driven by sectors like oil and gas, finance, and tourism, creates a favorable environment for real estate investments. Additionally, low interest rates and favorable financing options make it easier for buyers to enter the market. The stability and security of the GCC countries also attract investors, both domestic and international, seeking safe havens for their capital. In conclusion, the Real Estate market in GCC is experiencing growth and development due to customer preferences for luxury and sustainable properties, trends such as technology adoption and mixed-use developments, local special circumstances like population growth and foreign investment policies, and underlying macroeconomic factors like strong economic growth and favorable financing options. These factors combined create a positive outlook for the GCC Real Estate market, attracting both buyers and investors.


Data coverage:

Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.


In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.


  • Value
  • Value Split
  • Volume
  • Analyst Opinion
  • Transaction Value
  • Methodology
  • Key Market Indicators
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