Saudi Arabia Office Real Estate Market Overview

Market Size in 2025: USD 20,874.6 Million

Market Forecast in 2034: USD 37,573.8 Million

Market Growth Rate 2026-2034: 6.75%

According to IMARC Group's latest research publication, "Saudi Arabia Office Real Estate Market Report by Property Type (High-rise Commercial Buildings, Business Parks, Mixed-use Developments, Coworking Spaces), Rental Model (Traditional Long-term Leases, Flexible Lease Arrangements, Coworking/Shared Office Spaces), Classification (Class A, Class B, Class C), and Region 2026-2034", the Saudi Arabia office real estate market size reached USD 20,874.6 Million in 2025. Looking forward, IMARC Group expects the market to reach USD 37,573.8 Million by 2034, exhibiting a growth rate (CAGR) of 6.75% during 2026-2034.

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How AI is Reshaping the Future of Saudi Arabia Office Real Estate Market

• AI-driven predictive maintenance is slashing energy costs in Saudi office towers by up to 30%, keeping downtime low and operations smooth amid Vision 2030's push for efficient buildings.
• Saudi firms tap AI valuation tools for spot-on pricing, speeding up leases in Riyadh where Grade A offices hit 98% occupancy, making deals quicker and smarter for everyone involved.
• With over $100 billion in national AI funding, government strategies fuel digital twins and smart cities, transforming office spaces into high-tech hubs that draw global businesses effortlessly.
• AI geospatial analytics streamline site picks for new offices, boosting off-plan sales in booming spots like Jeddah while tying into REGA's PropTech drive for greener urban growth.
• ROSHN's AI-cloud setups cut tenant response times by 30%, automating services in premium complexes and perfectly syncing with Vision 2030 goals for customer-friendly real estate.

Saudi Arabia Office Real Estate Market Trends & Drivers:

One massive driver behind the Saudi Arabia office real estate market's growth is Vision 2030's push for economic diversification, pulling in heaps of foreign direct investment and multinational companies. The Regional Headquarters Program has already lured over 350 global firms to set up shop in Riyadh and Jeddah, spiking demand for premium office spaces. This ties into government schemes offering tax breaks and streamlined visas, making the Kingdom a hot spot for business hubs. Take Saudi Aramco's partnerships or the Public Investment Fund's USD 40 billion annual injections into infrastructure—it's all fueling a market valued at around USD 21 billion, with developers like ROSHN rolling out mixed-use districts that blend offices with retail. In practice, this means tighter supply in prime areas, where occupancy hits 98%, encouraging investors to bet big on new builds that support non-oil sectors like tech and finance. It's turning the market into a vibrant ecosystem that's less tied to oil swings.

Another key trend is the explosion of mega-projects like NEOM and the Riyadh Expo, which are creating fresh office corridors and drawing in occupiers from around the world. These initiatives, backed by sovereign wealth funds, are adding millions of square meters of leasable space, with government grants covering up to 30% of development costs for sustainable builds. Companies like JLL report exceptionally low vacancy rates under 5% in Grade A spots, pushing rents up as firms scramble for locations in the King Abdullah Financial District. Real-world apps show multinationals relocating to northern Riyadh to dodge congestion, while the Saudi Green Initiative ties in by mandating energy-efficient designs that cut operational costs by 20%. This isn't just hype—it's supported by 4.9% non-oil GDP growth, making the office sector a cornerstone for broader economic resilience and attracting partnerships with global players like CBRE for market insights.

Finally, the rise of flexible workspaces and smart tech integration is reshaping how offices operate, catering to hybrid work models and boosting overall appeal. Co-working giants like WeWork and local outfits are expanding, with flex spaces now accounting for 15% of new leases as companies seek shorter terms averaging 18 months. Government programs under the Digital Transformation Authority are subsidizing AI-driven buildings, where sensors optimize energy use and reduce downtime by 25%. In action, this shows in Dammam's logistics hubs or Jeddah's tech parks, where sustainability features like LEED certifications draw eco-conscious tenants and align with net-zero goals. Stats from CBRE highlight a 18% rent surge in prime areas due to this demand, while company news like Aldar Properties' entry into Saudi markets underscores the trend's momentum, making the sector more adaptive and investor-friendly.

Saudi Arabia Office Real Estate Industry Segmentation:

The report has segmented the market into the following categories:

Property Type Insights:

• High-rise Commercial Buildings
• Business Parks
• Mixed-use Developments
• Coworking Spaces

Rental Model Insights:

• Traditional Long-term Leases
• Flexible Lease Arrangements
• Coworking/Shared Office Spaces

Classification Insights:

• Class A
• Class B
• Class C

Regional Insights:

• Northern And Central Region
• Western Region
• Eastern Region
• Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia Office Real Estate Market

• February 2026: Saudi Arabia achieves global first with tokenised property deed transfer, using PropTech and AI to link transactions to official records, boosting FDI confidence, liquidity, and enabling new innovations in office real estate.
• January 2026: New regulation permits foreign nationals to own real estate in most cities, unlocking international demand, influencing capital flows, pricing strategies, and development priorities in the office sector.
• January 2026: Augmento deploys AR for Diriyah's Media & Innovation District, allowing interactive 3D explorations via devices, transforming visitor engagement and accelerating buyer decisions in office developments.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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