Jeddah's real estate poised for dynamic growth: JLL

Jeddah's real estate pipeline is surging with 1,000 new branded residential units, 310,000 sq m of retail space in 2025, and over 30,000 new hotel keys by 2030, signalling a new era of urban development and investment, says JLL.

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JEDDAH'S real estate market is undergoing profound transformation, driven by strategic shifts, mega-project evolution, and diverse sector opportunities. At JLL's annual Roundtable, industry leaders discussed the city's macroeconomic backdrop and key trends shaping its office, residential, retail, and hospitality sectors. This underscored Jeddah's pivotal role in Saudi Arabia's Vision 2030, revealing insights and strategies for investors.

Saud Alsulaimani, Country Lead and Head of Capital Markets at JLL Saudi Arabia, emphasised the broader market context, stating: “Jeddah is pivotal to Saudi Arabia's Vision 2030, offering significant investor opportunities. National priorities are pivoting, aligning projects with objectives and fostering private sector collaboration, alongside evolving PIF (Public Investment Fund) delivery structures. These strategic shifts and evolving market fundamentals are crucial for long-term market stabilisation and will drive a focus on premium assets. This, coupled with easing construction costs, is fundamentally reshaping the market.”