The Gulf’s real estate story is entering a new growth phase, with both residential and commercial segments poised for significant expansion over the next five years.
A new report by Alpen Capital projects that the GCC’s housing stock will climb from about 6.26 million units in 2025 to 7.28 million units by 2030, reflecting sustained demand driven by population growth, economic diversification and urban development initiatives.
At the same time, the region’s office market is gearing up for a substantial supply boost. Total office stock across the GCC is expected to increase from 33.3 million square metres in 2025 to 42.4 million square metres by the end of the decade. More than 65 per cent of the upcoming office pipeline is concentrated in Saudi Arabia and the United Arab Emirates, underscoring their central role in driving corporate expansion, investment inflows and large-scale master developments.
Residential supply
Saudi Arabia and the UAE will account for the bulk of the supply. Saudi Arabia’s residential supply is estimated to grow by 499,000 units between 2025 and 2030, reaching 3.45 million by 2030. This growth will primarily be led by giga projects and master planned communities in Riyadh and Jeddah.
During the same period, UAE’s residential stock is projected to increase by 390,000 units and reach 1.51 million units by 2030, with new additions focused on apartment-led mixed-use developments in Dubai alongside premium villas and waterfront communities in Abu Dhabi.
GCC real estate market is positioned for continued steady growth, as both supply and demand factors mature supported by ambitious economic diversification agendas, sustained foreign investment, and supportive regulatory reforms across the region, says the Alpen Capital’s first GCC Real Estate Industry Report. It outlines prospects for what has become one of the most appealing investment categories in the region over the past decade.
In addition to presenting a supply side outlook, the report evaluates the current market landscape and provides a comprehensive assessment of the GCC real estate industry covering the residential, commercial, hospitality, and retail segments. Furthermore, it features profiles of select regional real estate developers and operators.
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