Oct 12, 2024
Since the announcement of Saudi Vision 2030 initiative by Crown Prince Mohammed bin Salman, under the patronage of King Salman bin Abdulaziz, Riyadh has opened its gates wide to the world. The entertainment plans that came to life with this vision shed light upon several off-plan projects in Riyadh, generating soaring demand for these off plan real estate projects. Accordingly, there are numerous reasons these properties have emerged as an attractive investment avenue for investors and end-users alike.
This blog will discuss the underlining causality behind the upward scale in the demand for ongoing projects in Riyadh and the market prosperity it reflects.
This qualitative leap in the off plan real estate market has sown the seeds of the increased demand for off-plan projects in Riyadh, which have proliferated recently throughout the capital. This expansion amplified to bring about notable shift from the traditional horizontal urban growth to vertical development in Riyadh. Thus, it echoes the escalating needs for more properties in the now and the future, both locally and globally, due to Saudi Vision 2030 and its agenda focusing on bringing more international investments into the country.
What is driving this market boom?
In the last couple of years, some developers had foreseen the demand that would emerge once Saudi Vision 2030 was implemented; thus, they started speeding up the construction cycle of more off-plan projects in Riyadh. However, the time factor involved in completing these projects set limitations in letting them into the market quickly. This lent the green light to the concept of selling the projects once they were conceptualized and the approval for the implementation to go is guaranteed.
A developer can now launch several projects per year, only by preparing the illustrative materials necessary for marketing ends to envisualize for the clients what to expect the moment the project has been completed.
What Makes Off-Plan Real Estate in Riyadh Stand Out?
Most of the new projects developed in Saudi Arabia have offered off-plan real estate and have been able to grab major attention among investors and end-users. This was because of the myriad advantages found in the off-plan projects in Riyadh. First, comparisons with ready-built properties reveal a huge difference in price, whereby off-plan apartments are relatively cheaper. Also, while the purchase price of a ready property is paid in full by the buyer, an off-plan apartment in Riyadh can offer a flexible payment scheme spanning several months or even years, providing more ownership opportunities, even to low and mid incomes. Even more, while the property is still under construction, the appreciation in value results in high yields after the projects are completed and transformed into ready properties. This makes the portfolio quite appealing to an investor.
Is it risky to blind-invest this good deal of money?
Of course, a buyer may wonder if the units he bought would be the same as shown in the illustrative brochures of the project or if it will be a scam.
The best answer to this would be that it is, by and large, a naïve doubt of the past when off-plan investments were relatively new. Today, well-known developers have market reputation by which buyers are able to assess the credibility of their offers. Laws have also changed to protect the buyers' rights to actually receive what they were promised and to stop developers from shirking their responsibilities.
Riyadh has been working out its evolution for some years now, but all this effort was crowned by Saudi Arabia's plans to turn the capital into a global centre, attracting the world to its doors, instead of knocking on theirs. With its lucrative oil-based economy, Saudi Arabia was perceived to have few varieties of investment avenues. However, with the implementation of Saudi Vision 2030, the Kingdom flexed its various economic muscles, and foreign investments raced for a share of the profits. Accordingly, incoming investors will by default require office space and housing, urging the need as such to accelerate the work on ongoing construction projects in Riyadh. This is translated into increased demand for either rentals or direct investment into the properties themselves. Therefore, ongoing projects in Riyadh are especially enticing because of their increasing profits and ease of resale.
With the impressive urban development currently at work in Riyadh, off-plan apartments have become one of the fast-evolving investment axes due to its high expected returns. But the question is, what are the best areas to invest in?
This is a modern model city in Riyadh's Al Nakheel neighbourhood, located right at the heart of Prince Turki bin Abdulaziz Al Awwal Road. There are many off-plan real estate projects within this city, which feature world-class facilities, hence making it very attractive to investment, mainly in residential and hotel apartments due to the influx of visiting investors.
Al-Olaya District is the most prestigious district in the north of Riyadh, famous for its iconic landmarks, such as Al-Faisaliah Tower and Kingdom Tower, which attract luxurious investments. It boasts a number of the most sought-after ongoing construction projects in Riyadh. Besides being a luxury off plan real estate district, the location puts you just a few minutes from shopping and service centres.
Al-Narjis is one of the most upscale places in northern Riyadh, with nearby service centres, hospitals, and even universities. Now it has witnessed a slight increase in urbanization due to some of the high-end ongoing projects in Riyadh of apartments, villas, and detached houses. Consequently, the desirability for living in Al-Narjis has soared high, especially for those interested in finding family-friendly apartments for sale in Riyadh.
Similar to other northern Riyadh areas, Al-Malqa is one of the most famous regions that experience modern urban growth due to high demand. An investor can name their demand, and they will find it here, as new ongoing construction projects in Riyadh are introduced every day. Hence, it can be considered one of the appropriate destinations to invest in off-plan projects in Riyadh.
In addition to its strategic location in northern Riyadh, Al-Yasmeen is standing out for its modern building designs, that still retain the Saudi authenticity, to offer a blend curated to both local and foreign investors’ preferences. This district has many ongoing projects in Riyadh, hence being highly in demand for investment.
Location-wise, Al-Sahafa District is close to government and media institutions, aspiring the name of this neighbourhood. Recently, it has witnessed unprecedented activities in ongoing construction projects in Riyadh, as it provides an array of high-quality off-plan real estate. This has raised its profile in the Saudi Arabian property market, turning it into an ideal location for ongoing projects in Riyadh.
Listing fancy neighbourhoods in northern Riyadh, we cannot miss mentioning Hittin District, as it showcases top-notch off plan real estate, with neat designs and worldclass amenities. Its proximity to main roads makes it a favourite choice among many aspiring investors for off-plan projects in Riyadh.
According to the investment charts, Saudi Arabia's real estate market will continue to thrive, with the current achievements opening a way into the next phase. Indeed, this development has been marked by the increasing investments, following the great economic and social opening of the Kingdom inspired by Saudi Vision 2030.
The unprecedented urban development of Saudi Arabia paved ways for investment opportunities in ongoing construction projects in Riyadh. This leap generated increased demand for off-plan projects in Riyadh, inspiring as such developers to put their investing heart into launching more off plan real estate. The fast line of production inflected high competitiveness on the market, which kindled the creativity to develop worldclass projects in response to the international opening in the Kingdom.
To know more about all developments in Riyadh, you are welcome to read our experts' blog on Mada Properties official website and catch up with the new events taking place in the Saudi capital.
1. Are there any ongoing construction projects in Riyadh to invest in?
Yes, there are lots of Riyadh off-plan projects offering a variety of apartments with the best quality designs and amenities.
2. Can foreigners invest in ongoing projects in Riyadh?
Yes, they can. According to the amendments in the ownership laws since the launch of Saudi Vision 2030, foreigners are now able to own property in the Kingdom.
3. What is the best neighbourhood for investment in Riyadh?
The best neighbourhoods to own an off plan real estate in Riyadh are: Digital City, Al-Olaya, Al Narjis, Al Malqa, Al Yasmeen, Al Sahafa, and Hittin Districts.
4. Is there a flexible payment plan while investing in off-plan projects in Riyadh?
Of course, all developers have easy and straightforward payment plans in place to facilitate ownership opportunities for every resident and investor here in the Kingdom.
Written by: Sarah Chaher
Stay informed with expert-written articles and the latest trends in the real estate market.
October 28, 2026
Al Rahmaniyah district Riyadh sits in the north of the capital at Exit 10, within the Al Muath municipality area, and ranks 13th out of 177 residential districts in Riyadh by median price per square metre, according to Ministry of Justice transactions published through the Raghdan platform.
That rank says one thing clearly and hides another: the district is expensive, but it has few transactions, so any figure you read rests on a small number of deals. This guide shows the numbers together with their limits.
It covers the district's location and boundaries, the exit, price per metre against neighbouring districts, apartments and villas, schools, hospitals and hotels, a rating of the district, and Mada Properties projects you can use as a yardstick.
The district is ringed by four main roads and upscale neighbours:
Al Takhassusi Street is among its best-known internal streets.
Al Rahmaniyah is at Exit 10 in Riyadh, with fast access to the city's main routes because the district sits between major roads on all four sides.
The median residential price is SAR 10,293 per square metre, calculated on residential deals in the last 24 months (latest deal 25 September 2025), from Ministry of Justice data shown by Raghdan (updated 7 August 2026).
Against neighbours on the same platform: Al Sahafa SAR 12,691, Hittin 10,536, Al Olaya 10,364, Al Rahmaniyah 10,293, Al Malqa 9,000 and An Narjis 8,478.
The limits matter. The district recorded 14 residential deals in 24 months and 321 deals since 2020, which ranks its trading activity 126th of 177. Treat the figure as an indicator of level, not the price of a specific property.
The median size of recent residential deals is about 450 m², so deals lean towards larger plots and villas rather than small units.
Apartments, floors and townhouses are available for sale and rent. Compare any unit's price per metre with the district median (SAR 10,293) and with neighbouring districts.
Villas tend to sit on large plots, which is what the median size reflects.
Commercial property is 8% of deals and includes offices and shops for long-term investment.
There is no official district rating, so we read it from four angles:
It suits people who will live there for years or invest long term and accept lower liquidity for a settled location. It does not suit someone who needs a quick sale or a low entry price.
Mada Properties does not currently list a project inside Al Rahmaniyah, but these five available projects work as a yardstick for any offer you see in the district.
Thuraya Tower is in Al Olaya, with one- to three-bedroom apartments from Wathba for Investment. It is the closest price comparison, since the median in Al Olaya is SAR 10,364 per metre. Prices start from SAR 1.9 million, with handover expected in Q3 2028.
Rayah Tower in Al Sahafa is developed by Jiwar Al Arabia and has 48 apartments and penthouses on a 900 m² plot, with two lifts and a maid's room. Its page shows the licence number (485) and the Wafi permit. Prices start from SAR 1,785,000, with handover expected in Q4 2028. Al Sahafa is pricier than Al Rahmaniyah, at SAR 12,691 per metre.
Summit Tower is in Al Sahafa, developed by Summit for Real Estate Development and Investment, with one- and two-bedroom apartments from SAR 995,000 and handover expected in Q2 2028, the lowest price on this list.
For a ready villa, Amaas 21 Villa offers villas for sale by Amaas Real Estate Development in central Riyadh, according to its page, from SAR 1,950,000.
For commercial property, Al Adwan Tower offers 122 flexible office units in Al Nakheel near the King Abdullah Financial District, from SAR 1.9 million, with handover expected in Q4 2027.
See all available projects on Mada Properties' projects page.
Mada Properties is a professional real estate broker, not a developer, so we start from your goal, not from a project we own. In a district with few deals like Al Rahmaniyah, a broker who reads the market, not just the averages, adds real value. Contact us to compare what you see in the district with what is available today.
Al Rahmaniyah district Riyadh combines a strong location at Exit 10 with a high price and limited liquidity. That suits buyers who plan to stay, not those who plan to sell quickly. Before any decision, compare the price per metre you are offered with the district's common range (SAR 8,266 to 12,063) and ask for recent comparable deals.
October 26, 2026
Mada Properties has won five awards at the Saudi Arabia Property Awards 2026-2027, the Saudi categories of the Arabian Property Awards presented in association with CNBC Arabia, each carrying a five-star rating.
The five awards cover the real estate agency, property consultancy, real estate marketing and the agency website. They extend a record that began in the 2023-2024 season with a single category and has grown in every season since.
This article explains what the awards are, how they are judged, what each of the five awards recognises, and how to verify any real estate company's awards before you rely on them.
The Saudi Arabia Property Awards are the Saudi categories of the Arabian Property Awards, which are part of the International Property Awards run by International Property Media in the UK. The awards recognise excellence in real estate, development, architecture, interior design and marketing, in both the residential and commercial sectors, with a focus on service, sustainability, originality and creativity.
The organiser announced a category named "Saudi Arabia Property Awards" and described it as the first global real estate award named after the Kingdom. Entrants apply at national level, a panel of experts judges the entries, and winners are invited to the awards ceremony and may use the award logo in their marketing. That is why Mada's trophies carry the words "Saudi Arabia" after each category name. Top winners in each region then go forward to the international awards.
All five trophies carry the Arabian Property Awards mark, the words "in association with CNBC Arabia", a five-star rating and the 2026-2027 season.
This category is for real estate agencies running between two and four offices. Mada publishes four office addresses in Riyadh: As Sahafah, Al Aridh, Al Rimal and Olaya Street.
A category that combines brokerage and advice. It matches what Mada does when it compares the options on the market and recommends districts and projects according to the client's goal, which is the role of a property consultancy.
This award covers the marketing of a real estate agency. Mada states in its articles that its marketing rests on reading the market, analysing data and reaching the right client.
The marketing category for agencies and advisory firms.
This one concerns the agency's website. Mada's site brings together projects, districts and articles, and a mobile app carries the same content.
See the record of earlier awards on Mada's Awards & Recognition page.
The organiser states that the awards are judged by an independent panel of more than 100 industry experts, chaired by members of the UK House of Lords. Judging focuses on:
The path to an award has five steps:
The 2026 Arabia Property Awards celebration takes place on 5 November 2026 in the House of Lords, London, as a private event for a select number of award-winning companies, according to the event website.
According to Mada's Awards & Recognition page and blog:
The pattern is clear: from one category to five in four seasons. But every season is judged separately, so an earlier award does not replace a look at the current one. For a wider reading of what these awards mean for an investor, see our article on Mada's award success story.
There is no official list that names the best real estate agency in Saudi Arabia, and awards are one signal among several. Whether you want a top real estate consultancy or a brokerage, ask:
A real estate agency handles brokerage and client service from advice to closing, while real estate marketing focuses on reaching clients and showing a project's value. That is why the awards separate the agency category from the marketing category, and Mada won both this season.
Choose an agency that works as a broker, not a developer: it compares projects for you instead of promoting its own.
Mada won two marketing categories this season. From the client's point of view, good marketing shows up in three ways:
We explain our approach in our guide to the best real estate agency in Saudi Arabia.
Many companies display award logos. Checking one takes minutes:
An award assesses a company's performance, while licensing is a legal requirement to operate. A five-star award and a brokerage licence are different things: the first goes to those who excel, the second is something nobody can operate without.
Check the broker's Fal licence, and the licence of the listing, with the Real Estate General Authority before any payment, then look at the awards.
Mada Properties is a professional real estate broker, not a developer, so we start from your goal, not from a project we own. We read the market, compare the options on Mada's projects page and stay with you to closing. The five awards recognise that approach, but they do not replace checking for yourself. Contact us and we will recommend what suits your budget and goal.
The Saudi Arabia Property Awards give clients an independent signal they can verify, provided you read it as it is: a category, a season and a level. Mada Properties holds five five-star awards in 2026-2027, but a good property decision starts with the licence, passes through comparison and is settled with numbers.
October 21, 2026
Cityscape 2026 Riyadh runs from 16 to 19 November at the Riyadh Exhibition & Convention Center (Malham), bringing developers, investors, banks and real estate decision-makers together for four days of project launches and deal-making.
The 2025 edition alone announced real estate deals worth SAR 237 billion in four days. That is why Cityscape is no longer only for developers: individual buyers and small investors now attend to see opening prices and payment plans before they reach the open market.
This guide covers what visitors look for most: the Cityscape 2026 date and venue, the exhibitor list, projects and offers, tickets and registration, how to get there, and how to prepare.
Cityscape 2026 Riyadh is the 2026 edition of Cityscape Global, which its organisers describe as the world's most attended real estate exhibition. It is organised by Tahaluf in partnership with the Real Estate General Authority (REGA), and this year's slogan is "The Capital of Real Estate".
The show in numbers:
It arrives months after Saudi Arabia's non-Saudi property ownership law took effect on 22 January 2026, which widened interest from abroad.
The Cityscape 2026 date is Monday 16 to Thursday 19 November 2026. Doors open to visitors from 12:00 pm to 10:00 pm every day.
The venue is the Riyadh Exhibition & Convention Center (Malham) in north Riyadh, about 30 km from King Khalid International Airport according to the organisers. Visitors often call it "Cityscape Malham".
The official exhibitor list is published on the Cityscape Global website and updates until the show opens. Confirmed so far:
Do not rely on the list alone: new launches may be announced during the show, so follow the show's and developers' channels across the four days.
The official ticket page describes mortgage solutions, ownership options and payment plans offered directly by developers and banks. In practice, Cityscape projects and offers come in three forms:
At the 2025 opening, Minister Majed Al-Hogail said real estate loans to individuals and companies reached about SAR 961 billion by Q2 2025 and citizen home ownership passed 65% at end-2024.
A show offer is not always the cheapest price in the market. Ask before you book:
Cityscape Riyadh 2026 offers three ticket categories: General, Business, and VIP. Each pass provides different benefits to suit visitors' needs, from exploring the exhibition to enjoying exclusive networking opportunities and premium hospitality services.
The General Pass is available free for a limited time, reduced from SAR 100. The offer ends on 15 November 2026. Benefits include:
The Business Pass costs SAR 2,438, including 15% VAT, reduced from SAR 3,000. It includes all General Pass benefits, plus:
The VIP Pass costs SAR 9,377, including 15% VAT, reduced from SAR 11,253. It offers a premium event experience with exclusive benefits, including:
The right ticket depends on your goals and budget. The General Pass is ideal for visitors exploring real estate opportunities, while the Business Pass suits professionals seeking networking opportunities and business services. The VIP Pass is designed for visitors who prefer exclusive access and premium hospitality.
Note: Ticket prices, promotional offers, and availability may change. Check the official Cityscape Riyadh 2026 ticketing page before registering.
To register: open the official ticket page or register by WhatsApp, choose a pass, enter your details exactly as on your ID (the pass is linked to your badge), pay by credit card if the pass is paid, then wait for the confirmation and badge emails. Each participant gets one pass only, fees are non-refundable and non-transferable, and accommodation and meals are not included.
The 2025 edition announced SAR 237 billion in deals over four days, including SAR 161.2 billion in the first two days. It also reported a 166,000 m² site (double 2023), 42 countries represented including 15 new ones, USD 6.1 trillion of real estate and infrastructure assets under management, 350+ investment meetings and 164,000+ attendees from 120+ countries.
Mada Properties is a professional real estate broker, not a developer, so we show you options as they stand in the whole market, not as a single developer presents them. Around a show, when offers and quick bookings pile up, a neutral broker compares launches with similar projects outside the show, checks the project's legal status and stays with you to closing. Contact us to compare what you see at the show with what is available today.
Cityscape 2026 Riyadh is the biggest chance this year to see the Saudi property market in one place: what will be launched, at what price and on what payment plan. It rewards visitors who arrive with a plan. Set your goal and budget before 16 November, register early, ask for every offer in writing and compare before you book.