Dar Al Majd Real Estate Company has unveiled plans to develop three premium residential projects in Riyadh after signing an agreement with the Jadwa Al Manzel Real Estate Fund, marking a sizeable addition to the capital’s expanding housing pipeline. The projects, with a combined development value of about SAR265 million, underline growing investor confidence in Saudi Arabia’s residential sector as demand accelerates alongside population growth and urban transformation.
Under the agreement, Dar Al Majd, also known as Al Majdiah, will take responsibility for the development and execution of the projects, while the Jadwa Al Manzel Real Estate Fund will act as the investment vehicle. The developments are expected to be located in established and emerging residential districts of Riyadh, targeting mid- to upper-income buyers seeking modern housing aligned with changing lifestyle preferences in the city.
Company executives said the projects will feature a mix of villas and residential units designed to meet contemporary standards, with an emphasis on quality construction, efficient layouts and community-oriented planning. While detailed timelines have not been publicly disclosed, industry analysts expect phased delivery as the developer aligns construction schedules with market absorption and funding milestones.
The announcement reflects a broader shift within Riyadh’s real estate market, where private developers and institutional funds are increasingly partnering to deliver housing at scale. The capital has seen sustained demand driven by demographic expansion, job creation linked to economic diversification, and government-led initiatives encouraging home ownership. Official data show steady growth in residential transactions over the past year, supported by mortgage availability and regulatory reforms aimed at improving transparency and investor protection.
Dar Al Majd has positioned itself as a key player in this environment, having delivered multiple residential communities across Riyadh and other cities. The company’s strategy has focused on mid-sized developments that balance affordability with premium features, a segment viewed by analysts as resilient amid shifting market cycles. By collaborating with an established fund manager such as Jadwa Investment, the developer gains access to structured capital and governance frameworks that appeal to long-term investors.
For Jadwa Al Manzel Real Estate Fund, the partnership aligns with its mandate to invest in income-generating and development-ready residential assets. Fund managers have highlighted housing as a priority asset class, citing strong fundamentals and policy support. The SAR265 million commitment is seen as part of a wider portfolio strategy that seeks to capitalise on urban growth while managing risk through diversified projects.
Market observers note that premium residential supply in Riyadh is expanding, yet demand continues to outpace delivery in several districts, particularly those offering proximity to employment hubs and transport corridors. Buyers are showing increasing interest in gated communities, energy-efficient designs and integrated amenities, trends that developers are incorporating into new schemes. Dar Al Majd’s planned projects are expected to reflect these preferences, although final specifications will depend on regulatory approvals and design finalisation.
The deal also highlights the role of real estate funds in accelerating development activity. By pooling investor capital and partnering with experienced developers, such funds are helping bridge financing gaps and bring projects to market more efficiently. This model has gained traction as the property sector matures and institutional participation deepens.
Regulatory clarity has further supported such collaborations. Streamlined licensing processes, escrow requirements and clearer off-plan sales rules have improved confidence among buyers and investors alike. These measures have reduced delivery risks and encouraged developers to undertake larger, multi-phase projects backed by professional fund management.
While construction cost pressures and labour availability remain considerations for the sector, developers are mitigating risks through phased procurement and long-term contractor relationships. Industry experts say disciplined project management will be critical to maintaining margins as competition intensifies and buyers become more discerning.
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Saudi Arabia