Commercial real estate market size in MEA 2023, by country

Published by Statista Research Department, Feb 5, 2024

Israel, Saudi Arabia, and Turkey were the largest commercial real estate markets in the Middle East and Africa (MEA) region in 2023. As of the last month of 2023, the value of commercial real estate in Saudi Arabia was estimated at over 441.8 billion U.S. dollars. In Turkey, this figure stood at 316 billion U.S. dollars.

Value of commercial real estate market in the Middle East and Africa (MEA) region as of December 2023, by country (in billion U.S. dollars)

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Release date

December 2023

Region

Israel, Kuwait, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Turkey, Egypt, MENA

Survey time period

December 2023

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Overview

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Residential real estate

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House sales

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Retail real estate

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Office real estate

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Industrial real estate

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Bank loans and mortgages

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