This document gives a complete overview of Saudi Arabia’s real estate market and investment condition. The real estate market in Saudi is at a nascent stage in its development relative to its peers in the GCC. This is evident across all categories within the real estate sector. We use the gross fixed capital formation (GFCF) as a percentage of GDP as a barometer of the level of development. In KSA, just 16% of the Kingdom’s GDP in 2005 was channeled into fixed capital formation. This is the lowest in the region with regional peers ranging from Kuwait (19.7%) to Qatar (35.5%). The ratio tends to be skewed lower due to the buoyant oil prices that are driving GDP. However, the reality is that the remainder 84% is available to be channeled into real estate and infrastructure development, and therein lies the opportunity.