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Latest Publications

Market Intelligence Reports

Market Report

Jul 15, 2025

5 min read

Riyadh Office Market — H1 2025

Grade-A office demand along Riyadh's prime corridors continues its upward trajectory in H1 2025, with vacancy rates compressing to 8.3% in KAFD and 11.2% in Al Olaya — their lowest levels since those districts were launched.

NOA Research Team

Market Report

Jun 5, 2025

5 min read

KAFD Reaches Full Occupancy

King Abdullah Financial District has reached effective full occupancy, with a vacancy rate below 5% across its Class-A tower inventory — an achievement that seemed aspirational as recently as 2021.

NOA Advisory

Why Riyadh's Commercial Market Needs Better Data

Opinion

May 22, 2025

4 min read

Why Riyadh's Commercial Market Needs Better Data

The fundamental constraint on institutional capital deployment in Saudi commercial real estate is not liquidity — it is the absence of standardised, auditable transaction data.

NOA Strategy

Highest and Best Use Analysis — Al Malaz Retail Strip

Case Study

Apr 28, 2025

7 min read

Highest and Best Use Analysis — Al Malaz Retail Strip

A family office holding legacy commercial assets in Al Malaz engaged NOA Advisory to assess highest and best use scenarios, following three consecutive years of below-market occupancy and yield compression to 4.2%.

NOA Advisory

Analysis

Apr 10, 2025

6 min read

Commercial Land Transactions — Q1 2025

North Riyadh dominated commercial land transaction volumes in Q1 2025, accounting for 41% of total deal count per Ministry of Justice data.

NOA Research Team

Vision 2030 and the Commercial Real Estate Multiplier

Analysis

Mar 12, 2025

6 min read

Vision 2030 and the Commercial Real Estate Multiplier

Commercial activity indices across Riyadh's key submarkets have undergone structural transformation since the announcement of Vision 2030's flagship projects.

NOA Strategy

Case Study

Feb 18, 2025

7 min read

Portfolio Rationalisation — Six-Asset Commercial Case Study

A private investor holding six commercial assets across Al Malaz, Al Shrafiyah, and Al Batha engaged NOA Advisory to develop a comprehensive portfolio rationalisation strategy.

NOA Advisory

Analysis

Jan 20, 2025

6 min read

Saudi Real Estate Price Index — Q4 2024

The Saudi national real estate price index closed Q4 2024 at 103.5 points, maintaining its position above the 100 baseline for the eighth consecutive quarter.

NOA Research Team

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