Aldyar Alarabiya focuses on off-plan sales to fund projects: CEO

Aldyar Alarabiya Real Estate Development Co. CEO Naif Alatawi says the current investment portfolio is at nearly SAR 15 billion

Aldyar Alarabiya Real Estate Development Co.’s investment portfolio currently stands at around SAR 15 billion, according to CEO Naif Alatawi.

Speaking to Argaam on the sidelines of Cityscape 2025, he said the company focuses on off-plan sales as its primary financing tool for both current and previous projects, with the possibility of accessing certain credit facilities.

Alatawi adopted an optimistic outlook for the real estate market, backed by the growing demand for residential units in Saudi Arabia in addition to opening property ownership to non-Saudis.

Alatawi cited the healthy competition in the real estate sector as it contributes to better products, which encourages the company to welcome collaboration with local developers to deliver an enhanced experience and improve the quality of life across its projects.

Saudi Arabia has a predominantly young population, which represents a large demographic share. This underpins current and future demand for residential units, particularly those suited to various segments of society. As for non-Saudi ownership, he expects that when the new regulations come into effect early next year, the market will witness notable demand for property purchases, starting with Makkah and Madinah and the recently launched distinctive projects.

The real estate sector in the Kingdom is promising and is witnessing strong growth, Alatawi said, adding that important regulations have been issued to help organize the market, enhance performance, and increase real estate output.

Additionally, the Kingdom’s diversity and scale offer developers a wide range of options, including residential, commercial, and logistics.

Aldyar Alarabiya is focusing on showcasing the Diyar Al-Haram project in Makkah at Cityscape, as an ownership opportunity for non-Saudis, provided the designated ownership zones are defined.

The next phase of the project will be launched shortly and comprise multiple stages, including around 4,000 residential units at an investment of SAR 10 billion, the CEO said.