Press Release

GCC Luxury Residential Real Estate Market to Flourish at a CAGR of Around 2.98% to Reach USD 215 Billion by 2030

The 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, cites MarkNtel Advisors in the recent research report. The gaining traction for luxury living among people is the main driving factor behind this growth. This is because these homes offer facilities such as large spacious rooms, attractive interiors, and high security along with other high-class complementary facilities such as clubhouses, swimming pools, golf courses, and much more. All these factors together provide a high-quality life as desired by high net-worth buyers and showcase their status as royalty.

Moreover, this taste of population is further fueled by their high disposable incomes as per capita GDP is very high in this region, with Qatar as the most prominent one having a per capita GDP of around USD 71,568 in 2024. As a result, a wide proportion of the GCC population can afford such luxury properties easily. Additionally, high-class individuals are the major investors in many such premium properties. For instance, the UAE consists of approximately 68,000 HNWI in 2023. This number is expected to increase in the coming years due to the increasing number of rich individuals shifting in this region. As the population increases, the sale of luxury residential properties will also increase in the forecast period.

Furthermore, major tax benefits are available in GCC countries which is also an important factor behind the attraction of multiple foreign investors. In the UAE, Qatar, Kuwait, and Oman, no tax has to be paid while purchasing properties, and they are also free from any kind of annual charges. However, in Saudi Arabia and Bahrain, the buyers have to pay stamp duty for transferring property which is only around 2% in Bahrain and 5% in Saudi Arabia. As a result, such properties act as the best source of investment for multiple local and foreign investors. Therefore, a very high number of investments have been noted in luxury residential properties of the GCC region due to tax exemptions and high-class infrastructure from both local and foreign investors, and such investments are expected to increase in the future as well, further states the research report, “GCC Luxury Residential Real Estate Market Analysis, 2025.”

GCC Luxury Residential Real Estate Market Segmentation Analysis

Townhouses & Villas Attract a Large Group of End-Users

Based on the type, the market is further bifurcated into Flats & Apartments, Condominiums, Penthouses, Townhouses & Villas, and Others. Here, townhouses & villas are the most sold properties holding a market share of around 49%. This segment has gained the highest popularity because these properties fulfill all the required needs of buyers such as spacious rooms, personal gardens, more than one floor, private swimming pools, and mainly privacy. Also, these houses have great views as most of the sold properties were built on beaches or islands.

Moreover, such properties offer high rents and experience high increments in their prices over time. Therefore, multiple benefits including high investment returns and desired amenities have been the main reasons behind this segment’s dominance.

The UAE Leads the GCC Luxury Residential Real Estate Industry

Regionally, the UAE dominates the market with a market share of around 46%. This is because the UAE has highly developed and attractive infrastructure that attracts a lot of people to invest in its luxury real estate market. Additionally, there is a very high number of companies in the UAE that offer multiple types of properties to their buyers.

Moreover, the disposable incomes of this region’s population are very high which shows their high capabilities to spend on luxury residents. Furthermore, tax-free purchases further attract buyers from local as well as foreign countries. Therefore, the tax benefits and attractive property options have been the major reason behind this region’s dominance, and this dominance is expected to remain in the forecast period as well due to the increasing proportion of high-earning individuals.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including 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, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the countries?
6. How have buying behavior, customer inclination, and expectations from products been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?