Saudi real estate is undergoing a significant transformation as Cityscape Global 2025 opens in Riyadh, showcasing an impressive $43 billion in deals during the first two days. This landmark event not only reflects the Kingdom’s urban development but also highlights a pioneering step towards the tokenization of real estate, positioning Saudi Arabia as a frontrunner in digitizing property ownership.
Cityscape Global 2025, themed “The Future of Urban Living,” emphasizes Saudi Arabia’s rapid urban transformation and its commitment to adopting cutting-edge digital standards in real estate.
Inaugurated by Minister of Municipalities and Housing Majed Al-Hogail, the exhibition welcomed a diverse array of developers, investors, and industry experts from around the globe.
Al-Hogail noted that Cityscape Global has evolved into a key international platform reflecting the Kingdom’s urban and economic advancements, presenting abundant investment opportunities in smart city initiatives and communities designed for human interaction.
Cityscape Global 2025 in Saudi Arabia
The minister underscored a pivotal change in the role of both Saudi and international real estate developers within the Kingdom.
With projections of a need for over 1.5 million housing units across the Kingdom’s five major cities by 2030—731,000 of which are earmarked for Riyadh alone—Saudi Arabia is cementing its status as the leading market for urban development in the region.
Al-Hogail mentioned that real estate agreements surpassing SR161.2 billion ($43 billion) would be finalized in the exhibition’s early days, underscoring the robust investor confidence and the dynamic nature of the Saudi real estate market.
As the event progresses, organizers anticipate even more lucrative deals as demand continues to climb.
The minister also highlighted the sector’s rapid digital transformation, indicating that real estate in the Kingdom is undergoing a complete digital overhaul by integrating PropTech innovations, artificial intelligence, modern construction practices, and augmented reality to optimize planning and project oversight.
Tokenized Real Estate in Saudi Arabia
A significant milestone was reached as Al-Hogail announced the successful tokenization of the Kingdom’s first real estate title deed, accompanied by the establishment of global standards for property tokenization.
This groundbreaking move places Saudi Arabia among the pioneering nations crafting a digital real estate infrastructure explicitly connected to official property records.
Al-Hogail asserted that Cityscape Global symbolizes the Kingdom’s ambition to develop smart cities and foster a globally competitive real estate economy grounded in innovation, efficiency, and sustainability.
He concluded that the exhibition serves as a vital national forum, uniting stakeholders to explore the myriad opportunities shaping the future of the sector.