Olaya is a trophy-tier Riyadh submarket with average asking rent around SAR 2,300/sqm/yr · ≈ $57.1 PSF/yr USD.

  • Average asking rent: SAR 2,300/sqm/yr · ≈ $57.1 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: SAR 2,200/sqm/yr · ≈ $54.6 PSF/yr USD ($55 USD).
  • Citywide vacancy: 4.6% — submarket-level availability is typically tighter at trophy tier.

Olaya, Riyadh office rents and availability

Olaya is a trophy-tier Riyadh submarket with average asking rent around SAR 2,300/sqm/yr · ≈ $57.1 PSF/yr USD.

TL;DR

  • Average asking rent: SAR 2,300/sqm/yr · ≈ $57.1 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: SAR 2,200/sqm/yr · ≈ $54.6 PSF/yr USD ($55 USD).
  • Citywide vacancy: 4.6% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Olaya averages around SAR 2,300/sqm/yr · ≈ $57.1 PSF/yr USD for Class A, against a citywide Class A index of 2200. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Established trophy and luxury core. Banking, family offices, multinational HQs, luxury hospitality, retail HQs.

Key facts

cityRiyadh
submarketOlaya
tiertrophy
averageRentLocalSAR 2,300/sqm/yr · ≈ $57.1 PSF/yr USD
cityClassARentUsd$55/sqft/yr
cityVacancyPct4.6%

Frequently asked questions

What is the average Class A rent in Olaya, Riyadh?
Around SAR 2,300/sqm/yr · ≈ $57.1 PSF/yr USD. The citywide Class A index sits at SAR 2,200/sqm/yr · ≈ $54.6 PSF/yr USD.

Related

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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