Arada Saudi Arabia launches in Riyadh with SAR 50bn land portfolio

• The partnership grants access to a 10 million sq m land portfolio in strategic locations across the Kingdom

• The company’s first project is a SAR 14 billion integrated residential development in Al Rimal, northeast Riyadh

Arada, one of the world’s fastest-growing real estate developers, has announced the launch of Arada Saudi Arabia, a new property development company focused on large-scale communities across the Kingdom. The company is formed through a strategic partnership with Extopia, a specialist in developing mixed-use communities and destinations.

Arada Saudi Arabia has appointed Mohammed Al-Dubaan, chairman of Extopia, as chairman of its board, reflecting the importance of local partnership in establishing and expanding the company’s operations in the Kingdom.

Through this partnership, Arada Saudi Arabia gains access to a land portfolio spanning 10 million square meters, valued at SAR 50 billion ($13.3 billion), in strategic locations including Riyadh, Jeddah, and Makkah. This provides a strong foundation for developing new projects and communities in some of the Kingdom’s most important real estate markets.

The launch of Arada Saudi Arabia is part of Arada’s rapid global expansion. The company’s current development portfolio is valued at around SAR 189 billion ($50.4 billion) across five markets, comprising more than 70,000 residential units in Saudi Arabia, the UK, Syria, Australia, and the UAE. To date, Arada has delivered approximately 17,000 homes.

Mohammed Al-Dubaan, chairman of Arada Saudi Arabia, said: “The launch of Arada Saudi Arabia marks the beginning of a long-term presence in the Kingdom, supported by a range of strategic sites that enable us to develop large-scale integrated communities in several cities. We believe the Saudi housing market offers strong growth opportunities in the coming years, and we are proud to contribute to achieving the housing objectives of Saudi Vision 2030.”

He added: “This partnership combines Arada’s global expertise in integrated community development with Extopia’s deep local market knowledge, establishing a company capable of delivering high-quality projects and building a lasting presence in the Kingdom.”

Arada Saudi Arabia has unveiled its first project: a SAR 14 billion integrated residential development in Al Rimal, northeast Riyadh. It is among the largest private real estate developments announced in the capital in recent years.

The project will cover nearly 2.5 million square meters and feature around 3,500 villas and townhouses surrounded by 100,000 trees, as well as a school, commercial facilities, a community center, and sports amenities, providing residents with daily needs within a fully integrated community.

Arada Saudi Arabia will work closely with relevant government entities to develop the project’s master plan in line with the Kingdom’s housing targets and national development priorities. The Al Rimal project will be financed through an investment structure regulated by the Capital Market Authority and managed by a licensed financial company. Sales and construction are set to begin in 2027.

The project supports the Quality of Life Program, part of Saudi Vision 2030, which aims to position Saudi cities among the world’s most livable. In Riyadh, the Royal Commission for Riyadh City is contributing to these goals through the Green Riyadh program, which targets planting 7.5 million trees across the capital and increasing per capita green space from 1.7 square meters to 28 square meters by 2030.

About Arada Saudi Arabia

Arada Saudi Arabia was established as a real estate development company through a strategic partnership between Arada and Extopia, with the aim of developing large-scale communities in key locations across the Kingdom and building a long-term presence in the Saudi market.

The company’s model combines Arada’s expertise in integrated community development with Extopia’s local knowledge and experience in developing lifestyle-focused business platforms, supporting a diverse portfolio of projects and destinations in the Kingdom.

Arada is one of the world’s fastest-growing master developers, founded to create spaces that connect people and enable them to live healthier, happier, and more meaningful lives.

The group’s activities span a comprehensive ecosystem including real estate development, retail, education, healthcare, fitness and wellness, industry, hospitality, investment, and asset management.

Arada’s project portfolio is valued at around SAR 189 billion, comprising over 70,000 homes in Saudi Arabia, the UK, Australia, the UAE, and Syria. The company has delivered approximately 17,000 homes to date.

Extopia is a business platform focused on community development, headquartered in Jeddah. It identifies needs and gaps in daily life, then establishes and supports companies that provide solutions and grow their businesses.

Extopia’s portfolio includes Trophy, a food and beverage platform with over 35 brands; Be Fit, a leading regional fitness brand; Beyond, which specializes in destination management and activation; and the development platform Mahya, which is preparing to launch its first major destination, Soho, on the Jeddah Corniche by the end of 2026.