Saudi Arabia

The Kingdom of Saudi Arabia is undergoing one of the world’s most ambitious real estate transformations. Anchored by the government’s Vision 2030, Saudi is diversifying its economy beyond oil and driving massive investment in sustainable infrastructure, hospitality, healthcare, and technology. At the heart of the market are two forces: government-backed “giga projects” such as NEOM, The Red Sea Project, and The Cube, and private developers responding to local demand for housing, mixed-use districts, and Grade A office space. Global events such as Expo 2030, the Asian Games 2027, and the 2034 FIFA World Cup are generating requirements for 11 new stadiums as well as many additional hotels, offices, and entertainment venues. Ongoing development is powering the growth of a CRE market already valued at $132 billion USD and projected to surpass $140 billion USD by 2030. For design and development professionals, Saudi Arabia offers opportunity at an unprecedented scale.

Multinationals battle for premium desks in Riyadh.

The government’s Regional Headquarters (RHQ) initiative continues to attract global companies to the capital, creating new demand for underdeveloped Class A office space.

A stadium building boom sparks investments in new entertainment districts.

The 2034 World Cup, the 2027 Asian Games, and Expo 2030 in Riyadh mean billions for venues, but the real play is in the mixed-use, sports-anchored entertainment districts rising around them.

Data centers become the Kingdom’s breakout real estate play of the decade.

Hyperscalers and government-backed organizations race to lock in land deals and secure power sources, making AI infrastructure one of the hottest CRE investments in the near term.

New legislation on undeveloped land unlocks urban development.

Amendments to the White Land Tax (a reference to undeveloped land) incentivize owners of idle plots to develop or sell, triggering a surge of mixed-use and residential projects.
Notable Projects
A high angle view of a building.
Bayfront, Dammam, Saudi Arabia
A large building with a courtyard and trees in the front.
Abraj Omar Hotel + Residences, Makkah, Saudi Arabia
Insights from the Gensler Research Institute

Riyadh Residents Report Exceptional Satisfaction Across Daily Life

Riyadh stands out for the consistency of its high scores, with residents voicing strong satisfaction across living, working, and recreation. From well-designed office environments and career advancement opportunities to a thriving social and cultural scene, the city reflects a rapidly maturing urban environment.
How satisfied are you with the following aspects of your city?
  • Great place to live
  • Great place to work
  • Opportunities for socializing and having fun
  • Availability of neighborhood amenities
Notable Areas of Expertise
Offices
Thought Leadership
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