Real estate investment has become a necessity in light of the massive economic transformations happening around the world, as everyone is looking to secure a position within this fast-paced market, whether through direct ownership or partnerships with reputable real estate companies. In Saudi Arabia, the real estate sector is experiencing an unprecedented boom, led by major national companies and supported by giant projects that align with Vision 2030, raising fundamental questions:
What are the largest real estate companies in Saudi Arabia? What are their types? How many are there? And what is their role in urban development?
In this article, we highlight the real estate companies in Saudi Arabia, their types, the key players in the market, and the role of major investment entities such as the Public Investment Fund in reshaping the Kingdom’s urban landscape.
What are the types of real estate companies in Saudi Arabia?
According to the classifications approved by the General Authority for Real Estate (REGA), real estate companies and entities are classified based on three levels:
- Core Activity:
- Real Estate Development: Involves planning and executing projects from scratch, starting with land acquisition, developing infrastructure, designing neighborhoods and residential or commercial communities, all the way to delivering ready properties. It often focuses on creating large-scale projects with a modern urban character.
- Real Estate Contributions (such as off-plan sales)
- Real Estate Brokerage Services (sales/rentals/marketing/advertising/consulting services): Acts as a link between sellers and buyers, focusing on marketing properties through digital platforms or field offices, providing real estate consulting, and playing a role in price evaluation and market analysis.
- Developer Size and Capacity:
- Large, medium, small, or micro developer, based on specific financial and technical criteria.
- Real Estate Brokerage Classification:
- Licensed real estate brokerage firms are classified according to criteria that include service quality level, licenses, qualified training, and equipment.
Thimarya Real Estate: Where Does It Fit in This Classification? Thimarya is an example of a land development company; it focuses on developing integrated urban plans and selling land within them, without engaging in the construction of units. It offers a professional model for urban planning, taking into account infrastructure and future services, which makes it a key player in the development of residential suburbs.
| Type of classification | Detailes |
|---|
| Company Activity | Real estate development Real estate contributions (off-plan sales) Real estate brokerage (selling, leasing, marketing, advertising) |
| Size of the real estate developer | Large developer Medium developer Small developer Micro developer Classification is determined based on capital, experience, and organizational structure. |
| Real Estate Mediator Level | Licensed at a certain quality level – subject to professional classification based on licenses, training, and experience. |
Some real estate development companies focus on developing and selling land to create real investment opportunities for developers, like what Thimarya Real Estate does, where they prepare urban plans, set up infrastructure, and provide road networks and facilities, then sell the land to investors or individuals. This model provides early investment opportunities before the construction phase and is a preferred option for many seeking ownership or long-term investment.
How many real estate companies are there in Saudi Arabia?
The number of licensed real estate establishments in Saudi Arabia exceeds 120,000 establishments covering various activities in the real estate sector, according to the latest data from the General Authority for Real Estate up to 2024. These establishments are distributed as follows:
- More than 3,000 licensed real estate developers.
- There are 86,000 registered real estate agents on the “Malaak” platform.
- Licensed real estate electronic platforms exceed 75 platforms.
- Dozens of companies specialize in property management, valuation, and real estate investment.
This diversity not only highlights the size of the market but also indicates the variety of players involved, including development companies, brokerage, services, and operations. It also demonstrates the necessity of carefully selecting the appropriate entity based on the nature of the real estate goal, whether it is ownership, investment, or management.
How to Choose the Best Real Estate Companies in Riyadh and Throughout Saudi Arabia?
Since the decision to work with a real estate company is a long-term one, selecting the best requires a careful evaluation based on clear criteria. Here is a guideline to help you choose a reliable real estate development company, along with an indication of how Thimarya Company aligns with these criteria:
- Official License and Accreditation: Ensure that the company is licensed by the General Authority for Real Estate and the Ministry of Municipalities and Housing, and operates within the regulatory frameworks.
- Experience and Previous Work: Review the projects that the company has executed, its history in the market, and whether it has previously completed projects.
- Quality of Planning and Infrastructure: Does the company prioritize the quality of its infrastructure and facilities? Does it provide sustainable services?
- Transparency and Communication with Customers: Does the company have clear communication channels? Does it offer a clear and professional user experience?
- On-Time Delivery: Check the company’s commitment to announced timelines, and does it provide clear guarantees?
- Attention to Community Quality of Life: Does the company strive to provide a comprehensive living environment that includes parks, services, mosques, and schools?
Are You Looking for the Largest Real Estate Companies in Saudi Arabia?
Do you care about the size of the company? Or the quality of its services? Or its reliability? How about focusing on the criteria we mentioned in the previous paragraph to judge for yourself? If we evaluate from this perspective, we are pleased to say that Thimarya Real Estate meets all the criteria, as:
✅ Thimarya is a licensed and officially registered company, operating within a clear regulatory environment.
✅ Thimarya has a clear record in developing integrated urban plans such as Al-Maha West Riyadh and Al-Bateel in North Riyadh.
✅ All of Thimarya’s projects are based on sustainable urban planning with integrated water, electricity, and road networks.
✅ Thimarya has digital gateways and direct communication points with clients, along with a comprehensive field sales center.
✅ Thimarya adheres to the announced execution and delivery schedules, clearly outlining the stages of work progress.
✅ Thimarya’s projects integrate geographic planning with quality of life, taking into account everything necessary to create a vibrant community.
How Does Vision 2030 Affect the Landscape of Real Estate Companies?
Vision 2030 has prioritized housing and quality of life, leading to the establishment of large entities such as the Public Investment Fund and its subsidiaries, in addition to government programs like “Sakani.” This has created a new competitive environment that has raised the level of professionalism in the market. Real estate companies today are required to provide real added value and think at the level of urban communities, not just selling land or units. Therefore, Thamaria Real Estate has embraced this vision and has maintained the delivery of this humanitarian message before presenting its projects to investors.
The real estate market in Saudi Arabia is no longer what it used to be; the roles of companies have changed, customer expectations have evolved, and competition is now measured by the quality of planning, sustainability, and the company’s ability to build for the future. With this expansion, choosing the right developer has become just as important as selecting the property location itself.
If you are looking for a company that combines official accreditation, sustainable planning, clear communication, and future projects, Thimarya offers you the opportunity to join one of the plans that redefine the ownership experience in the Kingdom.
📞 Contact us now with the Thimarya team to discover available projects, ownership plans, and investment opportunities in Riyadh and other regions of Saudi Arabia.
🌐 Visit our website or feel free to visit the sales center for a free consultation.
