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Ajdan Real Estate Development, in collaboration with Aljazira Capital, is setting the stage for a US$533m (or SAR2bn) mixed-use, real estate development in the heart of Riyadh. This new important development will be located in the prime Al-Rahmaniyah district, strategically positioned at the corner of King Fahd Road and King Abdullah Road, near the King Abdullah Financial District and King Saud University. This location gives good accessibility and proximity to commercial business hubs as well as residential areas.
This project is part of a wider strategic partnership developed between Ajdan and Aljazira Capital. Featuring 21000 sqm area, this project will fill the growing need for mixed-use developments within Saudi Arabia. The luxury residential units, modern commercial space retail, and leisure facilities are designed to create an integrated lifestyle experience. The office spaces and leisure areas, including cafes, green spaces, and family entertainment zones, show a modern direction in urban living.
This strategic partnership also includes developing the Aljazira Ajdan Real Estate Fund, which will serve as an essential financing tool for the project and reflect the vision 2030 regarding good quality real estate support as the guide for enhancing urban development and lifestyle within the kingdom. Both partners are striving towards delivering high-end and sustainable projects that will meet the needs created by the growing pace of urbanization and the necessity for smarter, integrated living spaces in Saudi Arabia.
This project will help evolve the new real estate landscape in Riyadh, create new landmarks, and look after the needs of high-end luxury clients who can look for residential and commercial solutions under a single integrated roof.
