The number of hotel rooms in Saudi Arabia is set to expand significantly from the current stock of 171,650 keys, with around 94,500 additional rooms under construction or at advanced planning stages, following a stellar year in which the Kingdom’s travel and tourism industry grew by 32%, according to a report by Knight Frank, a property consultancy firm.
The total value of residential sales in Qatar surged by 43.5% year-on-year to QR26.6 billion ($7.2 billion) in 2025 against a backdrop of expanding supply and softening prices, said a report. The average villa and apartment prices were down, but key communities outperformed during the period.
Diriyah Company, a dynamic mixed-use developer transforming Saudi Arabia's historic birthplace into a vibrant new capital of culture, has appointed Knight Frank to provide consultancy, and tenant selection services for its Media and Innovation District.
Rising demand for prime, ESG-compliant office space among regional and global businesses is driving rents and occupancy levels to near-record highs across key markets in the GCC, with Saudi Arabia leading rental growth at 15.1% in Q3 2025, said an expert.
The value of Saudi Giga projects contract awards has risen sharply to $196 billion this year, up 20% from 2024, underscoring the pace at which projects are moving into execution phase, said a Knight Frank report.
Dubai’s high-end residential market has enjoyed another stellar quarter, with 103 homes sold for more than $10 million in Q3, a 24% increase on Q3 2024, according to the latest data from global property consultancy Knight Frank.
