Please Wait.....
Report
Saudi Arabia Commercial Real Estate Market By Retail (Regional Malls, Community Centers, Strip Malls), By Specialty (Self-Storage, Data Centers, Entertainment Venues), By Region, Competition Forecast & Opportunities, 2020-2030F
Market Report I 2025-04-11 I 81 Pages I TechSci Research
Saudi Arabia Commercial Real Estate Market was valued at USD 34.9 billion in 2024 and is projected to reach USD 71.01 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 12.4% during the forecast period. This growth trajectory is primarily driven by the Kingdom's Vision 2030 initiative, which seeks to diversify the economy beyond its traditional reliance on oil.
Comprehensive government reforms-ranging from incentives for foreign investment to regulatory improvements and large-scale infrastructure developments-have fostered a supportive environment for commercial real estate expansion. Major cities such as Riyadh, Jeddah, and Dammam are experiencing heightened demand for office spaces, retail centers, and industrial zones. This demand is propelled by the rapid development of key sectors including tourism, finance, and technology.
Flagship projects such as NEOM, The Red Sea Project, and Qiddiya are attracting international investors and reshaping the country's commercial real estate landscape. The influx of multinational corporations and the rise of entrepreneurial ventures have further increased the need for modern office facilities, co-working spaces, and mixed-use developments.
Key Market Drivers
Vision 2030 Initiative
Saudi Arabia's Vision 2030 is a transformative national strategy aimed at reducing the country's dependence on oil by diversifying its economic base. By 2024, the Kingdom had committed approximately USD 1.3 trillion to infrastructure development, significantly expanding its residential, commercial, and hospitality capacities. This includes plans to introduce over one million residential units and to increase retail and office space by 7 million square meters each. These substantial investments have created a dynamic and resilient environment for commercial real estate growth, drawing interest from both local and foreign investors.
Key Market Challenges
Escalating Construction Costs and Supply Chain Disruptions
One of the primary challenges confronting Saudi Arabia's commercial real estate market is the rising cost of construction materials, exacerbated by ongoing supply chain disruptions. The country's ambitious development programs-including NEOM and Qiddiya-have intensified demand for building materials, skilled labor, and specialized equipment. This has contributed to cost inflation, posing difficulties for developers attempting to manage budgets effectively.
Moreover, global supply chain constraints, influenced by geopolitical tensions and volatile oil prices, have delayed material deliveries, leading to project timelines being extended and overall expenses increasing. The sector's dependence on imported materials also exposes it to currency fluctuations and international trade restrictions. Although the government is working to localize production through industrialization initiatives, balancing supply and demand remains a critical hurdle for the sustained growth of the commercial real estate market.
Key Market Trends
Proliferation of Mixed-Use Developments
The Saudi commercial real estate sector is increasingly characterized by a shift towards mixed-use developments that integrate residential, commercial, retail, and entertainment facilities within a single project. This trend is being driven by rising urbanization, shifting consumer expectations, and the need for sustainable, efficient land use.
Notable examples include the King Abdullah Financial District (KAFD) in Riyadh and The Avenues Mall in Khobar, both of which combine premium office spaces, luxury retail outlets, upscale residential units, and entertainment venues. Mixed-use developments attract a diverse tenant mix, enhancing occupancy rates and providing resilient long-term returns for investors.
These integrated communities align with Vision 2030's emphasis on smart cities and sustainable urban planning. Developers are increasingly incorporating green building standards, energy-efficient technologies, and digital infrastructure to enhance their value proposition. As lifestyle preferences evolve and the demand for convenience rises, mixed-use projects are expected to become a cornerstone of Saudi Arabia's commercial real estate landscape.
Key Market Players
- Emaar Properties PJSC
- Nakheel PJSC
- Aldar Group
- Prologis, Inc.
- Tishman Realty & Construction LLC
- Lincoln Property Company
- Blackstone Inc.
- Realogy Holdings Corp.
Report Scope:
In this report, the Saudi Arabia Commercial Real Estate Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Saudi Arabia Commercial Real Estate Market, By Retail:
o Regional Malls
o Community Centers
o Strip Malls
- Saudi Arabia Commercial Real Estate Market, By Specialty:
o Self-Storage
o Data Centers
o Entertainment Venues
- Saudi Arabia Commercial Real Estate Market, By Region:
o Riyadh
o Makkah
o Madinah
o Jeddah
o Tabuk
o Eastern Province
o Rest of Saudi Arabia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Saudi Arabia Commercial Real Estate Market.
Available Customizations:
Saudi Arabia Commercial Real Estate Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
2.5.1. Secondary Research
2.5.2. Primary Research
2.6. Approach for the Market Study
2.6.1. The Bottom-Up Approach
2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
2.8.1. Data Triangulation & Validation
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Saudi Arabia Commercial Real Estate Market Overview
6. Saudi Arabia Commercial Real Estate Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Retail (Regional Malls, Community Centers, Strip Malls)
6.2.2. By Specialty (Self-Storage, Data Centers, Entertainment Venues)
6.2.3. By Region (Riyadh, Makkah, Madinah, Jeddah, Tabuk, Eastern Province, Rest of Saudi Arabia)
6.3. By Company (2024)
6.4. Market Map
7. Riyadh Commercial Real Estate Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Retail
7.2.2. By Specialty
8. Makkah Commercial Real Estate Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Retail
8.2.2. By Specialty
9. Madinah Commercial Real Estate Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Retail
9.2.2. By Specialty
10. Jeddah Commercial Real Estate Market Outlook
10.1.Market Size & Forecast
10.1.1. By Value
10.2.Market Share & Forecast
10.2.1. By Retail
10.2.2. By Specialty
11. Tabuk Commercial Real Estate Market Outlook
11.1.Market Size & Forecast
11.1.1. By Value
11.2.Market Share & Forecast
11.2.1. By Retail
11.2.2. By Specialty
12. Eastern Province Commercial Real Estate Market Outlook
12.1.Market Size & Forecast
12.1.1. By Value
12.2.Market Share & Forecast
12.2.1. By Retail
12.2.2. By Specialty
13. Rest of Saudi Arabia Commercial Real Estate Market Outlook
13.1.Market Size & Forecast
13.1.1. By Value
13.2.Market Share & Forecast
13.2.1. By Retail
13.2.2. By Specialty
14. Market Dynamics
14.1.Drivers
14.2.Challenges
15. Market Trends and Developments
15.1.1. 15.1. Merger & Acquisition (If Any)
15.1.2. 15.2. Product Launches (If Any)
15.1.3. 15.3. Recent Developments
16. Company Profiles
16.1.Emaar Properties PJSC
16.1.1. Business Overview
16.1.2. Key Revenue and Financials
16.1.3. Recent Developments
16.1.4. Key Personnel/Key Contact Person
16.1.5. Key Product/Services Offered
16.2.Nakheel PJSC
16.3.Aldar Group
16.4.Prologis, Inc.
16.5.Tishman Realty & Construction LLC
16.6.Lincoln Property Company
16.7.Blackstone Inc.
16.8.Realogy Holdings Corp.Strategic Recommendations
17. Strategic Recommendations
18. About Us & Disclaimer
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security