GCC real estate investments continue to offer solid returns, with apartment yields in Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, and Oman maintaining a healthy range.
According to Sakan’s inaugural residential market report, real estate transactions across the GCC exceeded $383bn in 2024.
Abdullah Al Saleh, CEO of Sakan, stated:
“With over $383bn in transactions, the GCC real estate market is experiencing remarkable growth. PropTech is now a necessity, and at Sakan, we are dedicated to enhancing transparency and accessibility for buyers and investors.”
GCC Real Estate Highlights
In 2024, total real estate transactions in the GCC reached $383bn, with Dubai accounting for $207bn (54%) and Saudi Arabia for $75.7bn (14%).
Significant annual growth rates were recorded in:
- Saudi Arabia: +47%
- Sharjah: +47%
- Kuwait: +33%
- Oman: +30%
Overall, the region’s transactions grew by an estimated 25% in 2024.
Apartment Yields in the GCC
Apartment yields across the GCC remained within the 5-8% range, reflecting strong investment potential:
- Bahrain & Kuwait: 7.9%
- Saudi Arabia: 7.8%
- Qatar: 6.4%
- Oman: 6.1%
- UAE: 5.8%
(Source: Arabian Business)
