The 2025 skyline of Riyadh is set to be transformed with numerous property developments appealing to both local and international buyers. The city's ambitious plans aim to create vibrant communities with a diverse range of housing options. Projects range from modern single-family homes to high-rise apartment buildings, designed to cater to a growing population and diverse buyer preferences. Among the standout projects is the Al-Atra development by Thabat Real Estate, located in the Al-Narjis District of Riyadh. This project, which won the Luxury Lifestyle Award for Best Luxury Residential Development in 2024, includes four types of villas, all featuring luxurious amenities such as private swimming pools and spacious layouts1. The use of high-quality materials like GROHE sanitary fixtures and polished marble are a testament to the top-notch construction standards1. Scheduled for completion in February 2025, Al-Atra is designed to harmonize with nature, incorporating elements like natural light, indoor gardens, and eco-friendly installations1. Additionally, the project's location offers easy connectivity to vital areas and arterial routes1. Another significant development is Norlana, part of the NEOM project in northwest Saudi Arabia2. This project will consist of 711 properties, including mansions, apartments, and beach villas, promising luxurious living with modern amenities. Norlana is designed to complement Trojena, which covers 60 square kilometers and elevates between 1,500 and 2,600 meters above sea level2. Additionally, The Line within NEOM will extend over 170 kilometers, accommodating around 9 million residents and focusing on sustainable living2. Lastly, Oxagon, a floating city planned in the Red Sea, is set to generate around 90,000 jobs by 2030, positioning itself as a major economic hub2. For more details on Riyadh's housing initiatives, you can refer to the full article here. Key Takeaways Riyadh's skyline will undergo significant changes by 2025, with new homes and buildings designed to meet diverse buyer preferences. Al-Atra development in Al-Narjis District features luxurious villas with private swimming pools and high-quality materials1. Al-Atra is set for completion in February 2025, offering easy connectivity to key areas1. Norlana and The Line within the NEOM project focus on sustainable and luxurious living2. Oxagon, a floating city near the Red Sea, is expected to create around 90,000 jobs by 20302. Overview of Riyadh's Real Estate Market in 2025 The real estate market in Riyadh is poised for significant changes by 2025, driven by notable economic growth and the sweeping reforms under Saudi Vision 2030. With real estate transactions in Riyadh showing a 51.6 percent surge by the end of the second quarter of 2024, the city is preparing for increasingly robust real estate activity3. Key Drivers of Market Growth The economic growth in Riyadh has been a key contributor to the rise in real estate transactions. The city is aiming for a 70 percent home ownership rate by the end of the decade, catalyzed by comprehensive initiatives like the Sakani program and the Saudi Real Estate Refinance Company (SRC) aiming to refinance 20 percent of the mortgage market by 20254. Moreover, the average villa prices in Riyadh have reached SR5,824 per square meter, reflecting an aggressive growth pattern in both the residential and commercial sectors3. Impact of Saudi Vision 2030 Saudi Vision 2030 plays a pivotal role in shaping the future of Riyadh's real estate projects. This comprehensive plan focuses on reducing oil dependency and diversifying the economy, thereby boosting infrastructure initiatives and urban developments. The Diriyah Gate project alone, with a $65 billion investment, is set to elevate luxury real estate in Riyadh4. These extensive projects under Saudi Vision 2030 are expected to enhance the city's overall appeal, making it a prime investment destination for both domestic and international stakeholders4. real estate projects Riyadh further support the increasing demand for upscale living, mirroring the broader goals of Saudi Vision 20303. Residential Construction Trends in Riyadh Residential construction in Riyadh is undergoing a remarkable transformation, embracing advanced technologies, sustainability, and cultural values. As the Saudi Arabia Residential Construction Market is valued at about USD 37 billion and is expected to register a Compound Annual Growth Rate (CAGR) of more than 6% during the forecast period, the focus has shifted towards innovative and eco-friendly solutions for future homes56. Tech-Equipped Homes The demand for smart homes Riyadh is surging, driven by tech-savvy residents who seek the latest in home automation and security systems. Integrating cutting-edge technology, these homes offer convenience, energy efficiency, and enhanced lifestyles. The Riyadh Construction Market size is estimated at USD 14.70 billion in 2024, with key players like Bechtel and Fluor Corp. leading the way in implementing state-of-the-art solutions6. Family-Sized Villas Reflecting the cultural importance of family gatherings, residential construction in Riyadh includes spacious family-sized villas. These properties provide ample space for large families, ensuring comfort and privacy. As approximately 70% of projects in Saudi Arabia are in the construction sector, family-sized villas continue to be a key focus for developers aiming to meet the demand for high-quality living spaces5. Eco-Friendly Buildings A growing trend towards sustainable homes Riyadh points to a significant shift in consumer preferences. Eco-friendly buildings, designed with energy-efficient technologies and sustainable materials, appeal to environmentally conscious buyers. With the pipeline value of unawarded projects in Saudi Arabia estimated at USD 1.1 trillion, a notable portion is dedicated to developing sustainable residential projects5. Major players like Saudi Cyprian Construction CO. LTD. and Jabal Omar Development Company are at the forefront of this green revolution, aligning with the broader goals of environmental sustainability. New Luxury Developments in Riyadh Riyadh's landscape is increasingly graced with luxury developments, especially in districts like Al Olaya and Al Malqa. These areas are seeing an influx of high-end residences that offer state-of-the-art amenities, catering to affluent locals and expatriates. High-End Residences in Al Olaya The Al Olaya real estate market is booming with luxury developments Riyadh as the city aims to set new standards for opulent living. Projects like the Al-Atra project by Thabat Real Estate Development are making waves, having won the Luxury Lifestyle Awards in 2024 for Best Luxury Residential Development7. The Al-Atra project offers various villa types with luxuriously large land sizes, extensive building areas, multiple floors, and high-end amenities7. Furthermore, the Al-Atra development merges luxury with sustainability through features like thermal insulation, waterproofing, eco-friendly materials, and indoor-outdoor harmony7. The meticulous planning ensures that each villa includes high-quality finishes with advanced sanitary fixtures, marble floors, and provisions for modern conveniences like central electric water heaters, thermal insulation, and CCTV surveillance7. Emerging Hotspots: Al Malqa Al Malqa properties are also becoming exceedingly sought-after as emerging hotspots in Riyadh. Projects like Vives Compound, spanning two residential areas over 180,000 sqm, provide exceptional living options8. This compound has 230 fully equipped residential units, including both villas and apartments, offering residents unparalleled comfort and luxury8. The Nasaj Town Alnarijis project is another prominent development, featuring 455 villas and covering an impressive area of around 716,000 sqm8. The increasing number of properties, including over 35,000 new apartments, houses, and villas projected for development in Riyadh, highlights the expanding luxury market in the city8. Commercial Real Estate Projects in Riyadh The commercial real estate sector in Riyadh is experiencing unprecedented growth, underpinned by ambitious projects that are set to redefine the city's skyline. Central to these developments are the expansive King Abdullah Financial District and the innovative mixed-use developments in Al Nakheel Riyadh. These projects blend residential, commercial, and entertainment facilities, creating dynamic spaces that attract both business investments and enhance community living. King Abdullah Financial District The King Abdullah Financial District is emerging as Riyadh’s premier financial hub, featuring state-of-the-art office spaces, luxury hotels, and world-class amenities. Prime office rents in Riyadh hover around SAR 1,300 per square meter annually, making it a hotspot for global enterprises9. Moreover, this district's strategic location and advanced infrastructure are expected to attract high-net-worth individuals and forward-thinking investors, driving economic growth in the region9. Mixed-Use Developments in Al Nakheel Al Nakheel Riyadh is home to numerous mixed-use developments that seamlessly integrate residential, commercial, and lifestyle elements. One such development is Plaza One, situated at the intersection of King Abdelaziz Road and Prince Mohammad Bin Selman Road, offering a blend of high-end retail and office spaces10. Additionally, Al Nakheel's position as a central business district makes it a prime location for companies looking to establish a significant presence in the Middle East10. Urban Planning Initiatives Enhancing Riyadh Riyadh, home to nearly 8 million residents, is undergoing significant urban planning initiatives aimed at enhancing its infrastructure and green spaces11. These initiatives not only improve the quality of life but also make the city more attractive to residents and investors alike. Infrastructure Projects One of the cornerstones of urban planning in Riyadh is the expansion of its infrastructure. The development of transportation systems and connectivity improvements is essential for accommodating the growing population and economic activities. A major example is the Al Khuzam residential development, which includes 70,000 housing units interconnected by an 8.5 km park11. Such projects are designed to ensure that Riyadh infrastructure meets the needs of its residents and supports sustainable urban growth. Green Spaces and Recreational Areas The introduction of green spaces in Riyadh is an integral part of its urban planning. The Green Riyadh Project aims to plant 7.5 million trees across 120 neighborhoods, resulting in 545 square kilometers of green space12. This project seeks to increase the per capita share of green space from 1.7 square meters to 28 square meters, significantly enhancing the urban environment and reducing temperatures by up to 2°C12. Furthermore, the project includes the afforestation of 1,204 kilometers of main roads and 43 city parks, alongside various other facilities such as mosques, schools, governmental compounds, health facilities, and valleys12. The Al Urubah Park, covering 75 hectares, serves as a prime example of these green space initiatives. This park features a water management system capable of retaining 475,000 cubic meters of water, highlighting the focus on sustainable practices11. Additionally, Al Urubah Park will see the planting of over 10,000 trees, reinforcing the city’s commitment to green spaces and recreational areas11. Urban Planning Riyadh Riyadh Infrastructure Green Spaces in Riyadh Property Developments Riyadh: Focus Areas for 2025 In 2025, the property development focus in Riyadh revolves around creating community-centric living spaces. This shift aligns with the broader aspirations of Saudi Vision 2030, driving the demand for inclusive urban environments. With initiatives like the Real Estate Future Forum, Riyadh is strategically emerging as a global business hub and is set to attract luminaries from over 120 countries13. Key speakers at the Real Estate Future Forum, including former U.S. President Bill Clinton and broadcaster Piers Morgan, emphasize Riyadh's potential as a nexus for international investments13. The event showcases significant infrastructure developments which are critical to Riyadh's housing trends in 202513. Saudi Arabia's advantageous geographic position makes it an ideal arena for international ventures, connecting Africa, Asia, and Europe13. In line with this, property development focus in Riyadh is integrating enhanced urban mobility solutions and digital technology in home and building management, catering to evolving lifestyle demands. Driven by Vision 2030, Riyadh's real estate market is witnessing an estimated price increase ranging from 3% to 7% by 202514. Factors such as new mortgage laws, population growth, and urbanization trends are crucial drivers behind these anticipated price hikes14. Furthermore, government incentives, including initiatives like the Sakani program, are playing a vital role in boosting property ownership. Attendees at the Real Estate Future Forum will gain insights into these trends, fostering an environment ripe for growth and innovation13. This focus on fostering an ecosystem of growth aligns perfectly with the direction set by Riyadh housing trends 2025. For a deeper dive into how these trends are shaping Saudi Arabia's urban landscape, you can read more about the country's strategic reforms and real estate market dynamics on Arab News13. Government Initiatives Boosting Housing Sector The Saudi government has implemented both the Sakani program Saudi and Etmam initiative, significantly improving the housing sector boost Saudi. Sakani Program and Its Impact The Sakani program Saudi has been a key driver in increasing home ownership within the Kingdom. In 2021, the program assisted over 210,000 Saudi families, with more than 1.2 million families benefiting from it since its inception15. By offering affordable housing options and financing solutions, Sakani program Saudi has enabled a substantial number of citizens to own homes. Notably, the rate of home ownership in Saudi Arabia reached 62% in 2020 and aims to achieve 70% by 203015. Additionally, Sakani has allocated 2,957 new free plots in eight schemes, thus enhancing the availability of residential properties in the housing sector16. Etmam Initiative: Streamlining Approvals The Etmam initiative has played a crucial role in streamlining project approvals and thereby accelerating housing sector boost Saudi. Launched by the Real Estate Development Agency at the Ministry of Municipalities and Housing, this initiative aims to enhance the efficiency of the approval process for housing projects. With programs like Supporting and Empowering Real Estate Developers and Transforming Contractors into Real Estate Developers, housing sector boost Saudi is poised to see an increase in qualified entities within the real estate market16. Participants in these programs gain privileges such as support from Monshaat and accreditation from the National Housing Company16. Furthermore, the Etmam initiative's alignment with Vision 2030 fosters overall growth, aiming to expand the real estate supply and build capacity among developers16. This is expected to create substantial job opportunities and further contribute to the GDP from the housing sector, which already supports 7% of the national economy and targets reaching 10% by 203015. Market Analysis: Price Projections for 2025 The real estate market in Riyadh is expected to undergo significant transformations by 2025. Various factors contribute to the anticipated growth, including Riyadh's economic upturn and infrastructural enhancements fueled by Vision 2030. A comprehensive market analysis Riyadh 2025 reveals several noteworthy projections. Expected Price Increase Riyadh real estate prices are projected to increase as a result of multiple driving forces. For example, Moody's forecast predicts Saudi Arabia's economy to grow by 4.7 percent in 2025, which will likely bolster the property market17. Additionally, the planned expenditure for 2025 is set at $343 billion, indicating widespread investment in both commercial and residential projects17. Such substantial investment is expected to stimulate demand, resulting in a notable property price increase in Riyadh. Factors Influencing Price Trends Several factors influence the rising property prices in Riyadh. The influx of international investments is a primary driver, with an estimated 480 companies expected to establish operations in Saudi Arabia by 203018. The continuous economic growth, coupled with an inflation rate expected to rise to 2 percent by 2026, will also play a significant role17. Moreover, the implementation of Vision 2030, aiming to build 300,000 housing units over the next five years, will create substantial demand in the housing sector, further boosting prices18. The Saudi real estate market's outlook remains optimistic despite challenges such as rising construction costs and competition for funding real estate market17. Significant regulatory reforms aimed at attracting foreign investment are poised to reshape the landscape, making Riyadh an attractive market for property investors17. Understanding these factors offers promising insights into the future of Riyadh's real estate market. With projected positive growth, Riyadh stands as a ripe area for both local and international real estate investments. Investment Opportunities in Riyadh's Real Estate Investors seeking real estate opportunities in Riyadh will find abundant possibilities, especially within high-growth neighborhoods like Al Olaya and Al Malqa. The city's real estate landscape is rapidly transforming, driven by a mix of luxury apartments, commercial spaces, and emerging satellite cities, all offering promising returns. The surge in demand for high-end properties is particularly notable, spurred by both affluent individuals and expatriates moving to the city19. High-Growth Neighborhoods Riyadh's high-growth neighborhoods, such as Al Olaya and Al Malqa, are becoming focal points for real estate investment in Riyadh. These areas offer excellent proximity to shopping malls, schools, hospitals, and main roads, which makes them highly attractive for purchasing luxury villas20. Additionally, the availability of essential services like electricity, water, and internet, along with green spaces and parks, are crucial for potential buyers20. The real estate market in these neighborhoods has seen a significant uptick in prices, reflecting strong market demand and potential for future price appreciation19. Types of Properties to Invest In Riyadh offers a diverse range of property types for investment, aligning with different investor preferences. Key property types in Riyadh include high-end residential properties, commercial real estate, office buildings, and mixed-use projects19. The Saudi government has simplified procedures for foreign investment, thereby attracting international investors to the city's lucrative real estate market19. Rental prices are also on the rise, indicating strong demand for both residential and commercial spaces19. The success of the "Vision 2030" plan is expected to enhance Riyadh's international competitiveness, attracting more investments and talents to the city19. For more detailed insights on real estate investment opportunities in Riyadh, visit this link. The Rise of Sustainable and Green Buildings Riyadh is experiencing a significant shift towards sustainable and green building practices, driven by ambitious green building initiatives Riyadh. These efforts align with Saudi Vision 2030, emphasizing diversification and sustainability in real estate development21. Notably, areas like Al Yasmin are becoming hubs for eco-certified buildings Riyadh, catering to an increasing number of eco-conscious buyers. Eco-Certified Projects in Al Yasmin Eco-certified projects in Al Yasmin are setting a new standard for sustainable properties Riyadh. These projects prioritize the use of energy-efficient systems, renewable energy sources, and water conservation technologies21. The King Abdullah Financial District (KAFD) exemplifies this commitment with its LEED-certified buildings and energy-efficient designs22. Such innovations highlight Riyadh’s dedication to reducing its environmental impact while fostering urban growth. Benefits of Green Buildings Green buildings offer numerous advantages, from long-term cost savings to improved health benefits for occupants. By integrating sustainable properties Riyadh into urban planning, the city aims to achieve significant reductions in carbon emissions and promote healthier living environments. The Sustainable Housing Initiative in Riyadh encourages environmentally friendly homes, focusing on energy efficiency and water conservation22. As a result, the market for green building initiatives Riyadh is expected to grow, reflecting the city's ongoing commitment to sustainable development objectives. For more detailed information on Saudi Arabia's strides towards sustainable construction, visit this comprehensive article. The Role of International Developers in Riyadh International developers Riyadh are significantly contributing to the transformation of the city's real estate landscape. Through global partnerships Riyadh housing, these developers bring in international expertise, elevating the standards and quality of property developments. Partnerships with Global Construction Companies Collaborations with global construction companies in Riyadh are crucial in harnessing foreign expertise for local projects. These partnerships facilitate knowledge transfer, ensuring that construction companies in Riyadh adhere to best practices and international standards. For instance, the Public Investment Fund (PIF) aims to create 1.8 million direct and indirect jobs in Saudi Arabia, as well as invest $40 billion annually in domestic projects by 202523. Moreover, these international collaborations are vital in developing mixed-use projects across multiple cities, as initiated by the Saudi Downtown Co., in alignment with PIF’s goals to expand its assets to $2 trillion by 203023. Partnerships with construction companies in Riyadh ensure that these projects are built efficiently and sustainably, helping position Saudi Arabia as a global investment powerhouse23. Impact on Local Housing Market International developers Riyadh are having a substantial impact on the local housing market, leading to an elevation in construction quality and design aesthetics. These developers, working alongside local firms, bring a wealth of experience in the real estate development process, covering aspects such as financial projections, legal frameworks, and construction management24. Their involvement helps mitigate risks and streamline the coordination with various stakeholders, including banks, investors, and local authorities, essential for successful project completions24. Additionally, understanding the construction process enables developers to engage effectively with construction companies in Riyadh, oversee on-site activities, and make timely decisions, thereby preventing delays and ensuring project success24. The emphasis on good building design maximizes revenue streams and user benefits, aligning new developments with the cultural and environmental context of Riyadh24. This level of expertise ensures that properties developed by international developers not only meet but often exceed local expectations, fostering global partnerships Riyadh housing that significantly enhance the overall appeal of the real estate sector in the region. The frequent demand for high-profile roles such as Chief Development Officer and Head of Real Estate Development in Riyadh underscores the area's focus on attracting top-tier talent25. These roles, particularly within large-scale residential developments and real estate investment companies with a development arm, require extensive experience and technical skills. Often, the professionals filling these positions possess over 15 years of experience and degrees in relevant fields such as Real Estate Management, Civil Engineering, or Construction25. Ultimately, the strategic influence of international developers Riyadh, supported by global partnerships Riyadh housing, is paving the way for a vibrant and sustainable real estate market, aligning with Saudi Vision 2030's objectives to position the nation as a global investment hub. Key Aspects Details Investment Goals $40 billion annually by 2025, $2 trillion assets by 203023 Job Creation 1.8 million direct and indirect jobs23 Demand for Roles Chief Development Officer, Head of Real Estate Development, Director roles in specific sectors25 Qualifications Degrees in Real Estate, Architecture, Civil Engineering25 Conclusion As Riyadh continues its dynamic transformation, the real estate market in 2025 epitomizes a fascinating meld of tradition and innovation, underscored by ambitious infrastructure projects like the Riyadh Metro. Spanning 176 kilometers with 84 stations, the metro network has not only revolutionized accessibility, connecting key locales such as King Khalid International Airport, King Abdullah Financial District, and Downtown Riyadh, but has also spurred property value increases and demand in metro-adjacent areas26. This positions metro-connected properties as attractive and stable investment prospects, offering benefits like reduced vacancy risks and steady rental incomes26. In light of the Saudi Vision 2030, the government’s ongoing initiatives have been pivotal in driving residential, commercial, and mixed-use development across Riyadh. Real estate in Saudi Arabia continues to expand, with growth in sectors like businesses, retail, and tourism supporting increased property values and robust investment opportunities27. This trend, coupled with the growing population projected for 2030, indicates a parallel rise in the demand for housing and commercial spaces within the city26. High-demand areas enjoying metro connectivity, such as the King Abdullah Financial District and Olaya District, are poised for continued appreciation in property values26. In summary, Riyadh's property developments reflect a promising future for both residents and investors. With government-backed projects enhancing infrastructure and fostering an environment conducive to real estate investment, the city stands as a beacon of opportunity. This comprehensive blend of new constructions, luxury developments, and sustainable initiatives defines the forward-looking approach driving the future real estate Riyadh. The real estate sector, valued at over $230 trillion globally, underscores the magnitude and potential existing within Riyadh’s expanding landscape27. FAQ What are the key drivers of the real estate market growth in Riyadh in 2025? The key drivers include substantial economic growth, initiatives under Saudi Vision 2030 aimed at diversifying the economy, increased infrastructure projects, and rising international investments. How does Saudi Vision 2030 impact property developments in Riyadh? Saudi Vision 2030 is instrumental in boosting property developments by encouraging economic diversification, reducing oil dependency, and promoting infrastructure projects, which in turn increase property investments and desirability. What trends are observed in residential construction in Riyadh? In 2025, residential construction in Riyadh features tech-equipped homes, spacious family-sized villas, and eco-friendly buildings to cater to tech-savvy, family-oriented, and environmentally conscious buyers. What are some high-end residential areas in Riyadh? Luxury developments are prominent in districts like Al Olaya and Al Malqa, offering high-end residences with state-of-the-art amenities for affluent locals and expatriates. Can you provide examples of major commercial real estate projects in Riyadh? Key projects include the King Abdullah Financial District and mixed-use developments in Al Nakheel, blending residential, commercial, and entertainment facilities, thus enhancing community living and attracting business investments. What are the urban planning initiatives enhancing Riyadh's infrastructure? Significant infrastructure projects aim to improve transportation and connectivity, while the introduction of green spaces and recreational areas boosts the quality of life, making Riyadh more attractive to residents and investors. What are the focus areas for property developments in Riyadh in 2025? Focus areas include introducing community-centric living spaces, enhanced urban mobility solutions, and the integration of digital technology in home and building management, aligning with Saudi Vision 2030. How do government initiatives like the Sakani program and Etmam initiative boost the housing sector? The Sakani program increases homeownership through affordable housing options and financing, while the Etmam initiative streamlines project approvals, accelerating the development process and stimulating housing sector growth. What are the projected price trends for Riyadh's real estate market in 2025? The real estate market is expected to see a price increase due to continued economic growth, international investments, and infrastructural enhancements, creating attractive investment opportunities. What investment opportunities exist in Riyadh's real estate? Investors can explore high-growth neighborhoods like Al Olaya and Al Malqa, with options ranging from luxury apartments to commercial properties, offering promising returns on investment. What are the benefits of sustainable and green buildings in Riyadh? Sustainable and green buildings, particularly in areas like Al Yasmin, reduce environmental impact, offer long-term cost savings and health benefits, appealing to eco-conscious buyers. How are international developers influencing Riyadh’s property market? Partnerships with global construction companies bring international expertise and standards to Riyadh, improving the quality and scope of property developments and impacting the local housing market positively. Source Links https://luxurylifestyleawards.com/news/luxury-residential-development-riyadh-thabat-real-estate https://www.big5constructsaudi.com/saudi-arabia-megaprojects-24-massive-developments-in-the-making/ https://www.arabnews.com/node/2574730/business-economy https://www.realestatesaudi.com/cityscape-global-2024/ https://www.mordorintelligence.com/industry-reports/saudi-arabia-residential-construction-market https://www.mordorintelligence.com/industry-reports/riyadh-construction-market https://luxurylifestyleawards.com/experience/luxury-residential-development-saudi-arabia https://sothebysrealty.sa/en/the-journal/the-top-residential-development-projects-in-riyadh-to-watch https://www.realestatesaudi.com/new-murabba-saudi-arabia-2024-property-powerhouse/ https://dnb-group.com/portfoliocategory/real-estate-projects/ https://www.landsrl.com/en/learning-from-riyadh/ https://araburban.org/en/infohub/projects/?id=3728 https://www.linkedin.com/pulse/navigating-future-real-estate-strategic-forum-riyadh-reem-alharbi-ypjpf https://sandsofwealth.com/blogs/news/saudi-arabia-price-forecasts https://www.pwc.com/m1/en/publications/transforming-the-housing-sector-in-saudi-arabia.html https://momah.gov.sa/en/node/13351 https://www.arabnews.com/node/2580063/business-economy https://www.mordorintelligence.com/industry-reports/saudi-arabia-real-estate-market https://riyadh.house.com/local-info/detail-4217.html https://www.asasmakeen.com/en/blogs/d/80/real-estate-investment-in-riyadh https://www.linkedin.com/pulse/sustainable-real-estate-saudi-arabia-pioneering-green-raies-k1cje https://hykal.com.sa/2023/12/27/the-top-7-green-building-initiatives-in-riyadh-paving-the-way-for-sustainable-architecture/ https://www.arabnews.com/node/2576005/business-economy https://www.linkedin.com/pulse/developer-key-saudi-arabias-real-estate-ambitions-alex-steinberg-方澤昂-gihaf https://www.michaelpage.ae/advice/career-advice/growing-your-career/what-is-real-estate-development-and-why-is-it-in-demand-in-the-saudi-arabia-job-market https://www.realestatesaudi.com/how-riyadh-metro-is-driving-property-value-growth-in-saudi-arabia/ https://aam.com.sa/en/index.php/real-estate-investment-in-saudi-arabia-a-growing-opportunity/
The 2025 skyline of Riyadh is set to be transformed with numerous property developments appealing to both local and international buyers. The city’s ambitious plans aim to create vibrant communities with a diverse range of housing options. Projects range from modern single-family homes to high-rise apartment buildings, designed to cater to a growing population and diverse buyer preferences.
Among the standout projects is the Al-Atra development by Thabat Real Estate, located in the Al-Narjis District of Riyadh. This project, which won the Luxury Lifestyle Award for Best Luxury Residential Development in 2024, includes four types of villas, all featuring luxurious amenities such as private swimming pools and spacious layouts1. The use of high-quality materials like GROHE sanitary fixtures and polished marble are a testament to the top-notch construction standards1. Scheduled for completion in February 2025, Al-Atra is designed to harmonize with nature, incorporating elements like natural light, indoor gardens, and eco-friendly installations1. Additionally, the project’s location offers easy connectivity to vital areas and arterial routes1.
Another significant development is Norlana, part of the NEOM project in northwest Saudi Arabia2. This project will consist of 711 properties, including mansions, apartments, and beach villas, promising luxurious living with modern amenities. Norlana is designed to complement Trojena, which covers 60 square kilometers and elevates between 1,500 and 2,600 meters above sea level2. Additionally, The Line within NEOM will extend over 170 kilometers, accommodating around 9 million residents and focusing on sustainable living2. Lastly, Oxagon, a floating city planned in the Red Sea, is set to generate around 90,000 jobs by 2030, positioning itself as a major economic hub2.
For more details on Riyadh’s housing initiatives, you can refer to the full article here.
Key Takeaways
Riyadh’s skyline will undergo significant changes by 2025, with new homes and buildings designed to meet diverse buyer preferences.
Al-Atra development in Al-Narjis District features luxurious villas with private swimming pools and high-quality materials1.
Al-Atra is set for completion in February 2025, offering easy connectivity to key areas1.
Norlana and The Line within the NEOM project focus on sustainable and luxurious living2.
Oxagon, a floating city near the Red Sea, is expected to create around 90,000 jobs by 20302.
Overview of Riyadh’s Real Estate Market in 2025
The real estate market in Riyadh is poised for significant changes by 2025, driven by notable economic growth and the sweeping reforms under Saudi Vision 2030. With real estate transactions in Riyadh showing a 51.6 percent surge by the end of the second quarter of 2024, the city is preparing for increasingly robust real estate activity3.
Key Drivers of Market Growth
The economic growth in Riyadh has been a key contributor to the rise in real estate transactions. The city is aiming for a 70 percent home ownership rate by the end of the decade, catalyzed by comprehensive initiatives like the Sakani program and the Saudi Real Estate Refinance Company (SRC) aiming to refinance 20 percent of the mortgage market by 20254. Moreover, the average villa prices in Riyadh have reached SR5,824 per square meter, reflecting an aggressive growth pattern in both the residential and commercial sectors3.
Impact of Saudi Vision 2030
Saudi Vision 2030 plays a pivotal role in shaping the future of Riyadh’s real estate projects. This comprehensive plan focuses on reducing oil dependency and diversifying the economy, thereby boosting infrastructure initiatives and urban developments. The Diriyah Gate project alone, with a $65 billion investment, is set to elevate luxury real estate in Riyadh4. These extensive projects under Saudi Vision 2030 are expected to enhance the city’s overall appeal, making it a prime investment destination for both domestic and international stakeholders4.
real estate projects Riyadh further support the increasing demand for upscale living, mirroring the broader goals of Saudi Vision 20303.
Residential Construction Trends in Riyadh
Residential construction in Riyadh is undergoing a remarkable transformation, embracing advanced technologies, sustainability, and cultural values. As the Saudi Arabia Residential Construction Market is valued at about USD 37 billion and is expected to register a Compound Annual Growth Rate (CAGR) of more than 6% during the forecast period, the focus has shifted towards innovative and eco-friendly solutions for future homes56.
Tech-Equipped Homes
The demand for smart homes Riyadh is surging, driven by tech-savvy residents who seek the latest in home automation and security systems. Integrating cutting-edge technology, these homes offer convenience, energy efficiency, and enhanced lifestyles. The Riyadh Construction Market size is estimated at USD 14.70 billion in 2024, with key players like Bechtel and Fluor Corp. leading the way in implementing state-of-the-art solutions6.
Family-Sized Villas
Reflecting the cultural importance of family gatherings, residential construction in Riyadh includes spacious family-sized villas. These properties provide ample space for large families, ensuring comfort and privacy. As approximately 70% of projects in Saudi Arabia are in the construction sector, family-sized villas continue to be a key focus for developers aiming to meet the demand for high-quality living spaces5.
Eco-Friendly Buildings
A growing trend towards sustainable homes Riyadh points to a significant shift in consumer preferences. Eco-friendly buildings, designed with energy-efficient technologies and sustainable materials, appeal to environmentally conscious buyers. With the pipeline value of unawarded projects in Saudi Arabia estimated at USD 1.1 trillion, a notable portion is dedicated to developing sustainable residential projects5. Major players like Saudi Cyprian Construction CO. LTD. and Jabal Omar Development Company are at the forefront of this green revolution, aligning with the broader goals of environmental sustainability.
New Luxury Developments in Riyadh
Riyadh’s landscape is increasingly graced with luxury developments, especially in districts like Al Olaya and Al Malqa. These areas are seeing an influx of high-end residences that offer state-of-the-art amenities, catering to affluent locals and expatriates.
High-End Residences in Al Olaya
The Al Olaya real estate market is booming with luxury developments Riyadh as the city aims to set new standards for opulent living. Projects like the Al-Atra project by Thabat Real Estate Development are making waves, having won the Luxury Lifestyle Awards in 2024 for Best Luxury Residential Development7. The Al-Atra project offers various villa types with luxuriously large land sizes, extensive building areas, multiple floors, and high-end amenities7.
Furthermore, the Al-Atra development merges luxury with sustainability through features like thermal insulation, waterproofing, eco-friendly materials, and indoor-outdoor harmony7. The meticulous planning ensures that each villa includes high-quality finishes with advanced sanitary fixtures, marble floors, and provisions for modern conveniences like central electric water heaters, thermal insulation, and CCTV surveillance7.
Emerging Hotspots: Al Malqa
Al Malqa properties are also becoming exceedingly sought-after as emerging hotspots in Riyadh. Projects like Vives Compound, spanning two residential areas over 180,000 sqm, provide exceptional living options8. This compound has 230 fully equipped residential units, including both villas and apartments, offering residents unparalleled comfort and luxury8.
The Nasaj Town Alnarijis project is another prominent development, featuring 455 villas and covering an impressive area of around 716,000 sqm8. The increasing number of properties, including over 35,000 new apartments, houses, and villas projected for development in Riyadh, highlights the expanding luxury market in the city8.
Commercial Real Estate Projects in Riyadh
The commercial real estate sector in Riyadh is experiencing unprecedented growth, underpinned by ambitious projects that are set to redefine the city’s skyline. Central to these developments are the expansive King Abdullah Financial District and the innovative mixed-use developments in Al Nakheel Riyadh. These projects blend residential, commercial, and entertainment facilities, creating dynamic spaces that attract both business investments and enhance community living.
King Abdullah Financial District
The King Abdullah Financial District is emerging as Riyadh’s premier financial hub, featuring state-of-the-art office spaces, luxury hotels, and world-class amenities. Prime office rents in Riyadh hover around SAR 1,300 per square meter annually, making it a hotspot for global enterprises9. Moreover, this district’s strategic location and advanced infrastructure are expected to attract high-net-worth individuals and forward-thinking investors, driving economic growth in the region9.
Mixed-Use Developments in Al Nakheel
Al Nakheel Riyadh is home to numerous mixed-use developments that seamlessly integrate residential, commercial, and lifestyle elements. One such development is Plaza One, situated at the intersection of King Abdelaziz Road and Prince Mohammad Bin Selman Road, offering a blend of high-end retail and office spaces10. Additionally, Al Nakheel’s position as a central business district makes it a prime location for companies looking to establish a significant presence in the Middle East10.
Urban Planning Initiatives Enhancing Riyadh
Riyadh, home to nearly 8 million residents, is undergoing significant urban planning initiatives aimed at enhancing its infrastructure and green spaces11. These initiatives not only improve the quality of life but also make the city more attractive to residents and investors alike.
Infrastructure Projects
One of the cornerstones of urban planning in Riyadh is the expansion of its infrastructure. The development of transportation systems and connectivity improvements is essential for accommodating the growing population and economic activities. A major example is the Al Khuzam residential development, which includes 70,000 housing units interconnected by an 8.5 km park11. Such projects are designed to ensure that Riyadh infrastructure meets the needs of its residents and supports sustainable urban growth.
Green Spaces and Recreational Areas
The introduction of green spaces in Riyadh is an integral part of its urban planning. The Green Riyadh Project aims to plant 7.5 million trees across 120 neighborhoods, resulting in 545 square kilometers of green space12. This project seeks to increase the per capita share of green space from 1.7 square meters to 28 square meters, significantly enhancing the urban environment and reducing temperatures by up to 2°C12. Furthermore, the project includes the afforestation of 1,204 kilometers of main roads and 43 city parks, alongside various other facilities such as mosques, schools, governmental compounds, health facilities, and valleys12.
The Al Urubah Park, covering 75 hectares, serves as a prime example of these green space initiatives. This park features a water management system capable of retaining 475,000 cubic meters of water, highlighting the focus on sustainable practices11. Additionally, Al Urubah Park will see the planting of over 10,000 trees, reinforcing the city’s commitment to green spaces and recreational areas11.
Urban Planning Riyadh
Riyadh Infrastructure
Green Spaces in Riyadh
Property Developments Riyadh: Focus Areas for 2025
In 2025, the property development focus in Riyadh revolves around creating community-centric living spaces. This shift aligns with the broader aspirations of Saudi Vision 2030, driving the demand for inclusive urban environments. With initiatives like the Real Estate Future Forum, Riyadh is strategically emerging as a global business hub and is set to attract luminaries from over 120 countries13.
Key speakers at the Real Estate Future Forum, including former U.S. President Bill Clinton and broadcaster Piers Morgan, emphasize Riyadh’s potential as a nexus for international investments13. The event showcases significant infrastructure developments which are critical to Riyadh’s housing trends in 202513.
Saudi Arabia’s advantageous geographic position makes it an ideal arena for international ventures, connecting Africa, Asia, and Europe13. In line with this, property development focus in Riyadh is integrating enhanced urban mobility solutions and digital technology in home and building management, catering to evolving lifestyle demands.
Driven by Vision 2030, Riyadh’s real estate market is witnessing an estimated price increase ranging from 3% to 7% by 202514. Factors such as new mortgage laws, population growth, and urbanization trends are crucial drivers behind these anticipated price hikes14.
Furthermore, government incentives, including initiatives like the Sakani program, are playing a vital role in boosting property ownership. Attendees at the Real Estate Future Forum will gain insights into these trends, fostering an environment ripe for growth and innovation13. This focus on fostering an ecosystem of growth aligns perfectly with the direction set by Riyadh housing trends 2025.
For a deeper dive into how these trends are shaping Saudi Arabia’s urban landscape, you can read more about the country’s strategic reforms and real estate market dynamics on Arab News13.
Government Initiatives Boosting Housing Sector
The Saudi government has implemented both the Sakani program Saudi and Etmam initiative, significantly improving the housing sector boost Saudi.
Sakani Program and Its Impact
The Sakani program Saudi has been a key driver in increasing home ownership within the Kingdom. In 2021, the program assisted over 210,000 Saudi families, with more than 1.2 million families benefiting from it since its inception15. By offering affordable housing options and financing solutions, Sakani program Saudi has enabled a substantial number of citizens to own homes. Notably, the rate of home ownership in Saudi Arabia reached 62% in 2020 and aims to achieve 70% by 203015. Additionally, Sakani has allocated 2,957 new free plots in eight schemes, thus enhancing the availability of residential properties in the housing sector16.
Etmam Initiative: Streamlining Approvals
The Etmam initiative has played a crucial role in streamlining project approvals and thereby accelerating housing sector boost Saudi. Launched by the Real Estate Development Agency at the Ministry of Municipalities and Housing, this initiative aims to enhance the efficiency of the approval process for housing projects. With programs like Supporting and Empowering Real Estate Developers and Transforming Contractors into Real Estate Developers, housing sector boost Saudi is poised to see an increase in qualified entities within the real estate market16. Participants in these programs gain privileges such as support from Monshaat and accreditation from the National Housing Company16.
Furthermore, the Etmam initiative’s alignment with Vision 2030 fosters overall growth, aiming to expand the real estate supply and build capacity among developers16. This is expected to create substantial job opportunities and further contribute to the GDP from the housing sector, which already supports 7% of the national economy and targets reaching 10% by 203015.
Market Analysis: Price Projections for 2025
The real estate market in Riyadh is expected to undergo significant transformations by 2025. Various factors contribute to the anticipated growth, including Riyadh’s economic upturn and infrastructural enhancements fueled by Vision 2030. A comprehensive market analysis Riyadh 2025 reveals several noteworthy projections.
Expected Price Increase
Riyadh real estate prices are projected to increase as a result of multiple driving forces. For example, Moody’s forecast predicts Saudi Arabia’s economy to grow by 4.7 percent in 2025, which will likely bolster the property market17. Additionally, the planned expenditure for 2025 is set at $343 billion, indicating widespread investment in both commercial and residential projects17. Such substantial investment is expected to stimulate demand, resulting in a notable property price increase in Riyadh.
Factors Influencing Price Trends
Several factors influence the rising property prices in Riyadh. The influx of international investments is a primary driver, with an estimated 480 companies expected to establish operations in Saudi Arabia by 203018. The continuous economic growth, coupled with an inflation rate expected to rise to 2 percent by 2026, will also play a significant role17. Moreover, the implementation of Vision 2030, aiming to build 300,000 housing units over the next five years, will create substantial demand in the housing sector, further boosting prices18.
The Saudi real estate market’s outlook remains optimistic despite challenges such as rising construction costs and competition for funding real estate market17. Significant regulatory reforms aimed at attracting foreign investment are poised to reshape the landscape, making Riyadh an attractive market for property investors17.
Understanding these factors offers promising insights into the future of Riyadh’s real estate market. With projected positive growth, Riyadh stands as a ripe area for both local and international real estate investments.
Investment Opportunities in Riyadh’s Real Estate
Investors seeking real estate opportunities in Riyadh will find abundant possibilities, especially within high-growth neighborhoods like Al Olaya and Al Malqa. The city’s real estate landscape is rapidly transforming, driven by a mix of luxury apartments, commercial spaces, and emerging satellite cities, all offering promising returns. The surge in demand for high-end properties is particularly notable, spurred by both affluent individuals and expatriates moving to the city19.
High-Growth Neighborhoods
Riyadh’s high-growth neighborhoods, such as Al Olaya and Al Malqa, are becoming focal points for real estate investment in Riyadh. These areas offer excellent proximity to shopping malls, schools, hospitals, and main roads, which makes them highly attractive for purchasing luxury villas20. Additionally, the availability of essential services like electricity, water, and internet, along with green spaces and parks, are crucial for potential buyers20. The real estate market in these neighborhoods has seen a significant uptick in prices, reflecting strong market demand and potential for future price appreciation19.
Types of Properties to Invest In
Riyadh offers a diverse range of property types for investment, aligning with different investor preferences. Key property types in Riyadh include high-end residential properties, commercial real estate, office buildings, and mixed-use projects19. The Saudi government has simplified procedures for foreign investment, thereby attracting international investors to the city’s lucrative real estate market19. Rental prices are also on the rise, indicating strong demand for both residential and commercial spaces19.
The success of the “Vision 2030” plan is expected to enhance Riyadh’s international competitiveness, attracting more investments and talents to the city19. For more detailed insights on real estate investment opportunities in Riyadh, visit this link.
The Rise of Sustainable and Green Buildings
Riyadh is experiencing a significant shift towards sustainable and green building practices, driven by ambitious green building initiatives Riyadh. These efforts align with Saudi Vision 2030, emphasizing diversification and sustainability in real estate development21. Notably, areas like Al Yasmin are becoming hubs for eco-certified buildings Riyadh, catering to an increasing number of eco-conscious buyers.
Eco-Certified Projects in Al Yasmin
Eco-certified projects in Al Yasmin are setting a new standard for sustainable properties Riyadh. These projects prioritize the use of energy-efficient systems, renewable energy sources, and water conservation technologies21. The King Abdullah Financial District (KAFD) exemplifies this commitment with its LEED-certified buildings and energy-efficient designs22. Such innovations highlight Riyadh’s dedication to reducing its environmental impact while fostering urban growth.
Benefits of Green Buildings
Green buildings offer numerous advantages, from long-term cost savings to improved health benefits for occupants. By integrating sustainable properties Riyadh into urban planning, the city aims to achieve significant reductions in carbon emissions and promote healthier living environments. The Sustainable Housing Initiative in Riyadh encourages environmentally friendly homes, focusing on energy efficiency and water conservation22. As a result, the market for green building initiatives Riyadh is expected to grow, reflecting the city’s ongoing commitment to sustainable development objectives.
For more detailed information on Saudi Arabia’s strides towards sustainable construction, visit this comprehensive article.
The Role of International Developers in Riyadh
International developers Riyadh are significantly contributing to the transformation of the city’s real estate landscape. Through global partnerships Riyadh housing, these developers bring in international expertise, elevating the standards and quality of property developments.
Partnerships with Global Construction Companies
Collaborations with global construction companies in Riyadh are crucial in harnessing foreign expertise for local projects. These partnerships facilitate knowledge transfer, ensuring that construction companies in Riyadh adhere to best practices and international standards. For instance, the Public Investment Fund (PIF) aims to create 1.8 million direct and indirect jobs in Saudi Arabia, as well as invest $40 billion annually in domestic projects by 202523.
Moreover, these international collaborations are vital in developing mixed-use projects across multiple cities, as initiated by the Saudi Downtown Co., in alignment with PIF’s goals to expand its assets to $2 trillion by 203023. Partnerships with construction companies in Riyadh ensure that these projects are built efficiently and sustainably, helping position Saudi Arabia as a global investment powerhouse23.
Impact on Local Housing Market
International developers Riyadh are having a substantial impact on the local housing market, leading to an elevation in construction quality and design aesthetics. These developers, working alongside local firms, bring a wealth of experience in the real estate development process, covering aspects such as financial projections, legal frameworks, and construction management24. Their involvement helps mitigate risks and streamline the coordination with various stakeholders, including banks, investors, and local authorities, essential for successful project completions24.
Additionally, understanding the construction process enables developers to engage effectively with construction companies in Riyadh, oversee on-site activities, and make timely decisions, thereby preventing delays and ensuring project success24. The emphasis on good building design maximizes revenue streams and user benefits, aligning new developments with the cultural and environmental context of Riyadh24.
This level of expertise ensures that properties developed by international developers not only meet but often exceed local expectations, fostering global partnerships Riyadh housing that significantly enhance the overall appeal of the real estate sector in the region. The frequent demand for high-profile roles such as Chief Development Officer and Head of Real Estate Development in Riyadh underscores the area’s focus on attracting top-tier talent25.
These roles, particularly within large-scale residential developments and real estate investment companies with a development arm, require extensive experience and technical skills. Often, the professionals filling these positions possess over 15 years of experience and degrees in relevant fields such as Real Estate Management, Civil Engineering, or Construction25.
Ultimately, the strategic influence of international developers Riyadh, supported by global partnerships Riyadh housing, is paving the way for a vibrant and sustainable real estate market, aligning with Saudi Vision 2030’s objectives to position the nation as a global investment hub.
Key Aspects
Details
Investment Goals
$40 billion annually by 2025, $2 trillion assets by 203023
Chief Development Officer, Head of Real Estate Development, Director roles in specific sectors25
Qualifications
Degrees in Real Estate, Architecture, Civil Engineering25
Conclusion
As Riyadh continues its dynamic transformation, the real estate market in 2025 epitomizes a fascinating meld of tradition and innovation, underscored by ambitious infrastructure projects like the Riyadh Metro. Spanning 176 kilometers with 84 stations, the metro network has not only revolutionized accessibility, connecting key locales such as King Khalid International Airport, King Abdullah Financial District, and Downtown Riyadh, but has also spurred property value increases and demand in metro-adjacent areas26. This positions metro-connected properties as attractive and stable investment prospects, offering benefits like reduced vacancy risks and steady rental incomes26.
In light of the Saudi Vision 2030, the government’s ongoing initiatives have been pivotal in driving residential, commercial, and mixed-use development across Riyadh. Real estate in Saudi Arabia continues to expand, with growth in sectors like businesses, retail, and tourism supporting increased property values and robust investment opportunities27. This trend, coupled with the growing population projected for 2030, indicates a parallel rise in the demand for housing and commercial spaces within the city26. High-demand areas enjoying metro connectivity, such as the King Abdullah Financial District and Olaya District, are poised for continued appreciation in property values26.
In summary, Riyadh’s property developments reflect a promising future for both residents and investors. With government-backed projects enhancing infrastructure and fostering an environment conducive to real estate investment, the city stands as a beacon of opportunity. This comprehensive blend of new constructions, luxury developments, and sustainable initiatives defines the forward-looking approach driving the future real estate Riyadh. The real estate sector, valued at over $230 trillion globally, underscores the magnitude and potential existing within Riyadh’s expanding landscape27.
FAQ
What are the key drivers of the real estate market growth in Riyadh in 2025?
The key drivers include substantial economic growth, initiatives under Saudi Vision 2030 aimed at diversifying the economy, increased infrastructure projects, and rising international investments.
How does Saudi Vision 2030 impact property developments in Riyadh?
Saudi Vision 2030 is instrumental in boosting property developments by encouraging economic diversification, reducing oil dependency, and promoting infrastructure projects, which in turn increase property investments and desirability.
What trends are observed in residential construction in Riyadh?
In 2025, residential construction in Riyadh features tech-equipped homes, spacious family-sized villas, and eco-friendly buildings to cater to tech-savvy, family-oriented, and environmentally conscious buyers.
What are some high-end residential areas in Riyadh?
Luxury developments are prominent in districts like Al Olaya and Al Malqa, offering high-end residences with state-of-the-art amenities for affluent locals and expatriates.
Can you provide examples of major commercial real estate projects in Riyadh?
Key projects include the King Abdullah Financial District and mixed-use developments in Al Nakheel, blending residential, commercial, and entertainment facilities, thus enhancing community living and attracting business investments.
What are the urban planning initiatives enhancing Riyadh’s infrastructure?
Significant infrastructure projects aim to improve transportation and connectivity, while the introduction of green spaces and recreational areas boosts the quality of life, making Riyadh more attractive to residents and investors.
What are the focus areas for property developments in Riyadh in 2025?
Focus areas include introducing community-centric living spaces, enhanced urban mobility solutions, and the integration of digital technology in home and building management, aligning with Saudi Vision 2030.
How do government initiatives like the Sakani program and Etmam initiative boost the housing sector?
The Sakani program increases homeownership through affordable housing options and financing, while the Etmam initiative streamlines project approvals, accelerating the development process and stimulating housing sector growth.
What are the projected price trends for Riyadh’s real estate market in 2025?
The real estate market is expected to see a price increase due to continued economic growth, international investments, and infrastructural enhancements, creating attractive investment opportunities.
What investment opportunities exist in Riyadh’s real estate?
Investors can explore high-growth neighborhoods like Al Olaya and Al Malqa, with options ranging from luxury apartments to commercial properties, offering promising returns on investment.
What are the benefits of sustainable and green buildings in Riyadh?
Sustainable and green buildings, particularly in areas like Al Yasmin, reduce environmental impact, offer long-term cost savings and health benefits, appealing to eco-conscious buyers.
How are international developers influencing Riyadh’s property market?
Partnerships with global construction companies bring international expertise and standards to Riyadh, improving the quality and scope of property developments and impacting the local housing market positively.
