
GCC Luxury Residential Real Estate Market Research Report: Forecast (2025-2030)
GCC Luxury Residential Real Estate Market - By Type (Flats, Condominiums, Penthouses, Townhouses, Villas & Mansions, Others), By Furnishing (Fully Furnished, Semi-Furnished), ByCon...figuration (1-2 Bedrooms [BHK], 3-4 Bedrooms [BHK], 5-6 Bedrooms [BHK], 7 & Above Bedrooms [BHK]), By Size [sq. ft.] (Less than 5,000 sq. ft., 5,000 - 10,000 sq. ft., 10,000 – 15,000 sq. ft., 15,000 - 20,000 sq. ft., Above 20,000 sq. ft.), By Price (1–5 [USD Millions], 6-10 [USD Millions], 11-20 [USD Millions], 21-50 [USD Millions], 51- 100 [USD Millions], Above 100 [USD Millions]) and Others Read more
- Buildings, Construction, Metals & Mining
- Jan 2025
- 155
- PDF, Excel, PPT
Market Definition
Luxury residential real estate is defined as properties characterized by prime locations, high quality, and unique features & amenities such as pools, gyms, clubhouses, etc. These properties are designed to provide luxury, elegance, class, and comfort for the high-earning target consumers.
Market Insights & Analysis: GCC Luxury Residential Real Estate Market (2025-30):
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. The main reason behind this growth is the desire of people to live in luxury homes that have multiple advantages such as large spaces, attractive interiors, and enhanced security along with high-class amenities such as play areas, swimming pools, and much more. All these factors combined provide a high-quality life and also act as a symbol of status for the consumers.
Report Coverage | Details |
---|---|
Historical Years | 2020-23 |
Base Years
|
2024
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Forecast Years
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2025-30
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Market Value in 2024 | USD 176.29 Billion |
Market Value in 2030 | USD 215 Billion |
CAGR (2025-30) | 2.98% |
Leading Region | UAE |
Top Key Players | 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 |
Key Report Highlights |
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Moreover, this desire is fueled by the high income of people in this region which can be observed through the high GDP per capita values in this region. For instance, Qatar has the highest value of GDP per capita around USD 71,568 in 2024, followed by the UAE, Saudi Arabia, and others. As a result, luxury properties become accessible to more people. Additionally, these countries also have a very high number of High Net Worth Individuals who have a very high desire to live in luxury residences as this shows their symbol of status. For instance, in 2023, only the UAE consists of approximately 68,000 HNWI. As the number of such people and their incomes are expected to increase in the future, the sales of luxury residential real estate will also increase in the coming years.
Furthermore, the economic diversification experienced by the GCC countries also plays a major role in attracting more buyers and investors. This is because has numerous tourist attractions and hosts major events like sports tournaments, business conferences, tourist attractions, etc., which act as major unique selling propositions for the properties which are developing here and thus attracting more consumers. Therefore, the high desire of people to live in luxury homes with top-class services and locations near famous places, fueled by their high disposable incomes have been the major factors responsible for the growth of the market, and this trend is expected to remain in the forthcoming period as well.

GCC Luxury Residential Real Estate Market Driver:
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.
GCC Luxury Residential Real Estate Market Opportunity:
Large Wealthy Population to Immigrate in the GCC Region – There will be a high influx of high-worth individuals and immigrants which are expected to shift to this region, especially the UAE, which will further increase the number of rich individuals in the region. For instance, around 6,700 rich individuals are expected to be attracted by Dubai in 2024. Also, Saudi Arabia is expected to welcome 300 millionaires in 2024. All such wealthy populations will increase the sales of luxury residential properties as such houses help them achieve comfort, elegance, privacy, etc., and their desired symbol of status.
Moreover, buying properties assists foreigners and their families to get a golden visa that provides them the right to stay in that country for a longer period. Therefore, the expected increase in the proportion of the rich population in the future will provide a good growth opportunity for the market in the coming years.
GCC Luxury Residential Real Estate Market Challenge:
Market Volatility to Pose a Challenge – The prices of luxury residential premises can fluctuate due to the various unexpected activities of powerful countries including geopolitical tensions, economic uncertainties, wars & conflicts, etc. As a result, the investors might face huge capital losses due to the high depreciation in the prices of their luxurious properties. For instance, the prices and rents in Dubai increased from 2012 to 2014, but suddenly the market got weak and the prices of properties decreased and this trend continued until 2020. Such volatilities can prevent numerous investors from buying luxury residential properties in the GCC region. Therefore, due to market volatility, the prices of residential properties can decline, especially the luxurious ones, and this can result in a loss for the investors, thus preventing them from investing in this sector and hence limiting the growth of the market.
GCC Luxury Residential Real Estate Market Trend:
Increasing Number of Purchases by Expats – The number of luxury residential properties bought by foreigners in the GCC countries has increased in recent years. For instance, in the first half of 2024, only Abu Dhabi attracted a sum of investments of around USD 893 million in the real estate sector. There are two main reasons behind this trend. The first one is the investment purpose. As there are no or low taxes on real estate in the GCC region, luxury residential properties act as the best source of investment for multiple foreign people. They can get high rents and sell the property when its price rises.
The second reason is the golden visa. If any person purchases property in this region, he can get a golden visa that can provide him with residential rights along with business rights and many more perks. Therefore, due to the purpose of investments and golden visas, foreign people have been highly interested in luxury residential real estate in the GCC region, and this trend is expected to remain in the future as well.
GCC Luxury Residential Real Estate Market (2025-30): Segmentation Analysis
The GCC Luxury Residential Real Estate Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–30 at the regional level. Based on the analysis, the market has been further classified as:
Based on Type:
- Flats & Apartments
- Condominiums
- Penthouses
- Townhouses & Villas
- Others
Based on the type of luxury residential property, townhouses & villas are the most purchased luxury properties holding a market share of around 49%. This is because landed houses provide the buyers with their desired requirements such as spacious interiors, gardens, multiple floors, private swimming pools, and most importantly privacy. Also, most of the luxury villas are built on islands or beaches due to which they have attractive views. As a result, a lot of buyers are attracted by them. Moreover, they have been the best sources of investment as they have high rents and experienced a very increment in their values over the years.
Additionally, the owner of the property also becomes the owner of the land unlike high-rise apartments and penthouses. Therefore, due to investment and multiple high-quality life benefits, townhouses & villas have gained high popularity over time, and this dominance is expected to remain in the forecast period as well.
Based on Configuration:
- 1-2 Bedrooms (BHK)
- 3-4 Bedrooms (BHK)
- 5-6 Bedrooms (BHK)
- 7 & above Bedrooms (BHK)
Based on the configuration, 5-6 Bedroom segment lead the luxury residential real estate market with a market share of around 58%. The main reason behind this is the motive of real estate developers to provide their customers with spacious properties. The area of most of the luxurious properties lies between 5,000 to 15,000 square feet in which 5 to 6 bedrooms is assumed to be the best configuration. As a result, most of the luxury properties sold have 5 to 6 bedrooms in them including villas, townhouses, penthouses, and apartments.
Moreover, this configuration is most popular among the population as these rooms are enough for their families. Therefore, due to justified space and living adjustments, this segment is most popular among builders and buyers, and this trend is expected to continue in the forecast periods as well.
GCC Luxury Residential Real Estate Market (2025-30): Regional Projections
Geographically, the GCC Luxury Residential Real Estate Market expands across:
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
Regionally, the UAE dominates the market with a market share of around 46%. This is because the UAE has a highly developed infrastructure which attracts a lot of people to invest in this place. Additionally, the UAE is home to many leading real estate developers. As a result, there are multiple options to choose from in terms of luxury residential real estate.
Moreover, the UAE population has high disposable incomes and it also consists of a very high number of HNWI. As a result, there are more prominent buyers in the UAE who can easily afford luxury residential properties. For instance, the HNWI in Dubai only is expected to invest around USD 5.4 billion in 2025. Furthermore, the zero tax benefits of the UAE further attract a lot of people from foreign as well to invest in properties. Therefore, tax benefits and the attractive infrastructure of the UAE having multiple luxury residential properties have attracted most buyers, and this dominance is expected to continue in the future as well.
GCC Luxury Residential Real Estate Industry Recent Development:
- 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.
Gain a Competitive Edge with Our GCC Luxury Residential Real Estate Market Report
- GCC Luxury Residential Real Estate Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & market share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
- This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
- The GCC Luxury Residential Real Estate Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.
*Reports Delivery Format - Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Frequently Asked Questions
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- GCC Luxury Residential Real Estate Market Trends & Development
- GCC Luxury Residential Real Estate Market Dynamics
- Drivers
- Challenges
- GCC Luxury Residential Real Estate Market Hotspot & Opportunities
- GCC Luxury Residential Real Estate Market Policies & Regulations
- GCC Luxury Residential Real Estate Market Pricing Analysis, 2020-2025
- GCC Luxury Residential Real Estate Market Supply Chain Analysis
- GCC Luxury Residential Real Estate Market Analysis, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- 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
- By Region
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
- By Company
- Competition Characteristics
- Market Share & Analysis
- By Type
- Market Size & Analysis
- The UAE Luxury Residential Real Estate Market Analysis, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Size - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Saudi Arabia Luxury Residential Real Estate Market Analysis, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Size - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Qatar Luxury Residential Real Estate Market Analysis, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Size - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Kuwait Luxury Residential Real Estate Market Analysis, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Size - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Oman Luxury Residential Real Estate Market Analysis, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Size - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- Bahrain Luxury Residential Real Estate Market Analysis, 2020-2030F
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Type - Market Size & Forecast 2020-2030, USD Million
- By Configuration - Market Size & Forecast 2020-2030, USD Million
- By Furnishing - Market Size & Forecast 2020-2030, USD Million
- By Size - Market Size & Forecast 2020-2030, USD Million
- By Price - Market Size & Forecast 2020-2030, USD Million
- Market Size & Analysis
- The GCC Luxury Residential Real Estate Market Key Strategic Imperatives for Growth & Success
- Competition Outlook
- Company Profiles
- Emaar Properties
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Sobha Realty
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Meraas
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Nakheel Properties
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- DAMAC Properties
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Dar Al Arkan
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Jabal Omar Development Company
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Barwa Real Estate
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Wujha Real Estate
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Al Raid Group
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Al Mouj Muscat
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Al Akaria
- Business Description
- Product Portfolio
- Strategic Alliances or Partnerships
- Recent Developments
- Financial Details
- Others
- Others
- Emaar Properties
- Company Profiles
- Disclaimer
