Serviced offices in Saudi Arabia

Saudi Arabia holds one of the fastest-growing office markets in the Gulf, and serviced offices sit at the centre of it. Riyadh dominates, with demand clustered around the King Abdullah Financial District, Olaya and the CBD, home to the national stock exchange, the state oil company’s commercial offices and most multinationals’ Saudi headquarters. Vision 2030 has driven a sustained build-out of international-grade serviced supply, trading at premium Gulf pricing in the capital’s prime districts.

Jeddah is the second commercial city and the Kingdom’s main Red Sea port, with growing serviced supply around the Corniche, Al Andalus and the Jeddah Economic City serving shipping, trade and consumer goods occupiers. The Eastern Province forms a distinct specialist market: Dammam’s King Fahd Road corridor, Al Khobar’s King Khalid Street and Corniche, and Al Jubail’s industrial base together serve the oil services, engineering and petrochemical supply chain. Tabuk, positioned near the emerging NEOM development, is a growing market at accessible pricing.

Serviced offices in Saudi Arabia are used by oil and gas services firms, consulting practices supporting Vision 2030 giga-projects, multinationals entering the Kingdom, EPC contractors and regional headquarters operations. Contracts run from one month upwards on rolling monthly or 12-month agreements, against a conventional Saudi lease typically registered with the national rental authority for terms of one to three years. Pricing is all-inclusive, bundling rent, utilities, cleaning and reception into one monthly fee with no fit-out or dilapidations liability.