As the capital city of Saudi Arabia, Riyadh is at the forefront of the Kingdoms push towards a more innovative, expanded and inclusive future. It is home to several of the pioneering mega projects that echo the themes of the nation’s Vision 2030 as well as a first class infrastructure, bustling cultural scene and internationally connected commercial districts. It is also growing in popularity amongst tenants, residents, visitors, tourists and investors from around the world. More and more people are recognising the unique potential of Saudi Arabia and Riyadh itself and are keen to put themselves in the right situation to take advantage of its thriving economic future. For potential residents and luxury property investors the possibilities in Riyadh are almost limitless, so we wanted to take a look at some of the top residential development projects in Riyadh that are not to be missed.
Vives Compound
This western-style community is a high end residential complex designed to exceed the expectations of its tenants in terms of comfort and convenience. It is setting a high bar for the type of new residential accommodation options and development projects that are being initiated in Saudi Arabia, where residents can enjoy excellent security, beautifully designed homes, a state of the art infrastructure and comprehensive amenities. Vives Compound is made up of two residential areas with a combined size of 180,000 sqm and 230 fully equipped residential units that include villas and apartments. The luxury properties are also surrounded by landscaped gardens, walking paths and lifestyle amenities geared towards health and wellness. A typical three-bedroom villa in Vives Compound is approximately 285 sqm and comes fully furnished. On the ground floor there is a spacious living room and dining room with a fully equipped kitchen, guest bathroom and storage area. On the first floor there are two bedrooms with a shared bathroom, a living room and a grand master bedroom suite with en-suite bathroom. Outside the villa also comes with a green front yard and a private back garden, so they are ideal for couples with children or those who love to entertain. Vives Compound also delivers on the facilities side of things, having been planned perfectly to deliver a modern community spirit for its residents that is enhanced with all the conveniences they could need. In addition to excellent transportation services, the community amenities include a supermarket, tennis courts, basketball courts, volleyball courts and a mini soccer field. There is also a main swimming pool and kid’s pool, both with showers and lockers, a nursery, kid’s playground, steam room, jacuzzi, gym and laundry facilities.
Nasaj Town Alnarijis
Another new housing project, one of the 28 located in the Riyadh area, that is making waves is Nasaj Town Alnarijis, executed by the Saudi Retail Urban Development Company. This brand new residential area will include 455 villas and is designed to contribute to the nation’s commitment to increasing housing opportunities for its citizens. The complex will be overseen by the National Housing Company, an affiliate of the Housing Ministry and will cover an area of around 716,000 square metres just to the north of Riyadh’s town centre.
With over 35,000 new apartments, houses and villas projected to be completed in Riyadh’s push for more residential areas, this is a great time to find the right fit for your portfolio if you are a luxury property investor with vision and a desire to add a lucrative asset to their long-term strategy.
If you would like to find out more about Riyadh residential projects, KSA mega projects, luxury property in Saudi Arabia or other real estate investment opportunities, get in touch with one of our consultants at Saudi Arabia Sotheby’s International Realty today