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MEED Report: Top GCC Retail Projects

Top GCC Commercial & Residential Projects

In 2025, the value of GCC commercial and residential contract awards (including mixed-use developments) exceeded $72.5bn—the second-highest annual total since 2016, despite a slight decline from the record numbers in 2024. The year opened strongly, with more than $17.9bn awarded in Q1 (around 20% higher than Q1 2024). Although activity softened in Q2 and Q3, momentum returned in Q4, which closed with more than $12.7bn in awards 6% higher than Q4 2024, underscoring continued strength in the construction market.

Country-wise Value of Commercial & Residential Contract Awards ($m) and Volume (size of bubble), 2016-2025

In 2025, the UAE led the GCC in commercial and residential contract awards, with more than $50bn worth of projects accounting for 70% of the total, while Saudi Arabia represented 26%. Despite an overall dip across the GCC, the UAE recorded 8% growth compared to 2024.

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MEED is the world’s leading source of Middle East business intelligence. Established in 1957, MEED has been integral to delivering business information and news, intelligence and analysis on the Middle East economies and activities ever since.

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