Saudi Arabia Office Real Estate Market Size To Worth USD 36,146.3 Million by 2033, CAGR is 7.1%

Saudi Arabia Office Real Estate Market Overview

Market Size in 2024: USD 19,490.0 Million
Market Size in 2033: USD 36,146.3 Million
Market Growth Rate 2025-2033: 7.1%

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 2025-2033", The Saudi Arabia office real estate market size reached USD 19,490.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 36,146.3 Million by 2033, exhibiting a growth rate (CAGR) of 7.1% during 2025-2033.

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

● AI-driven predictive maintenance is helping Saudi office buildings cut energy use by up to 30% and reduce costly downtime, boosting operational efficiency significantly.

● Saudi firms are leveraging AI-powered property valuation algorithms, enabling faster, more accurate price forecasts and helping optimize leasing strategies.

● The government's national AI strategy supports AI adoption in real estate, with funds exceeding $100 billion to drive digital twins, smart cities, and AI-enabled infrastructure projects.

● AI-based geospatial analytics streamline site selection and urban planning, improving infrastructure routing and enhancing off-plan sales in rapidly developing Saudi cities.

● Leading developers like ROSHN use AI and cloud partnerships to simplify customer services, automate procurement, and align real estate projects with Saudi Vision 2030 goals.

Saudi Arabia Office Real Estate Market Trends & Drivers:

One key factor driving the Saudi Arabia office real estate market is the government's push to attract multinational firms via the Regional Headquarters (RHQ) program, which issued 34 new licenses recently, raising the total to 634. This effort has fueled office space demand in Riyadh and other cities, tightening the market and pushing rentals up significantly. Prime districts now experience near-full occupancy, reflecting how government policies are effectively positioning Saudi Arabia as a regional business hub, attracting global corporations and boosting office real estate activity.​

Another major trend is the rapid expansion of Grade A office spaces with sustainability and smart building features, led by developments in Riyadh and Jeddah. About 48% of the market is controlled by premium properties, with LEED certification and zero-carbon goals underpinning stronger leasing performance. This emphasis on green and technology-enabled offices is pushing developers to retrofit older buildings or target Grade B stock, while Grade C spaces face conversion pressures. These shifts are elevating demand for modern, eco-friendly office environments that align with corporate ESG priorities and the Kingdom's sustainability goals.​

Lastly, the new property law allowing non-Saudis to own real estate in designated areas starting early next year is a game changer, expected to boost foreign direct investment and deepen the market. This law opens direct ownership and equity stake routes, particularly in commercial hubs like Riyadh, Jeddah, and even religious cities like Mecca and Medina. The increased foreign participation complements the Premium Residency program and is expected to sustain demand for office space, accelerating commercial real estate development pipelines as investors respond to reduced barriers and higher market confidence.​

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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

● Oct 2025: Saudi Arabia's Ministry of Housing launched AI-powered smart office hubs, increasing workspace utilization efficiency by 25% through data-driven facility management.

● Sep 2025: ROSHN integrated cloud-based AI for real-time tenant services, reducing response times by 30%, enhancing tenant satisfaction in premium office complexes.

● July 2025: New property law granting non-Saudis office ownership in key cities sparked a 20% uptick in foreign leasing activities, boosting demand in Riyadh and Jeddah.

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.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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