Riyadh has 5 distinct Class A submarkets we track, anchored by KAFD (King Abdullah Financial District) at the trophy tier.
Riyadh has 5 distinct Class A submarkets we track, anchored by KAFD (King Abdullah Financial District) at the trophy tier.
**KAFD (King Abdullah Financial District)** (trophy, ~SAR 2,400/sqm/yr · ≈ $59.5 PSF/yr USD) — Riyadh's trophy financial core. **Olaya** (trophy, ~SAR 2,300/sqm/yr · ≈ $57.1 PSF/yr USD) — Established trophy and luxury core. **King Fahd Road** (trophy, ~SAR 2,100/sqm/yr · ≈ $52.1 PSF/yr USD) — Trophy expansion corridor. **Diplomatic Quarter** (prime, ~SAR 1,800/sqm/yr · ≈ $44.6 PSF/yr USD) — Embassy and consulate enclave. **Airport Corridor (KKIA)** (established, ~SAR 1,400/sqm/yr · ≈ $34.7 PSF/yr USD) — Aviation and logistics belt.
| city | Riyadh |
|---|---|
| country | Saudi Arabia |
| region | EMEA |
| classARentLocal | 2200 SAR/sqft/yr |
| classARentUsd | $587/sqft/yr |
| vacancy | 4.6% |
| typicalLeaseYears | 5 |
| typicalRentFreeMonths | 4 |
| submarkets | 5 |
| primeYieldPct | 6.8% |
| trophyCount | 3 |
| primeCount | 1 |
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.