Arada Values Riyadh’s Al Rimal District Project at 14 Billion Riyals, Plans to Begin Sales in 2027
Key Facts
Arada estimates the total development value of its Al Rimal district project in Riyadh at about 14 billion Saudi riyals, across a planned area of 3.2 million square meters, according to company information published on Arada Saudi Arabia’s website. The project is part of the company’s entry into the Saudi market through its local arm, Arada Saudi Arabia, which Arada said it established in October 2026 in a strategic partnership with Xtopia. The company said its first project in Riyadh will include about 3,500 villas and townhouses. These figures place Al Rimal among Arada’s major residential projects in the Kingdom, while the development value remains an overall estimate for the project. Sales and construction work are scheduled to begin during 2027, according to the company’s announcement.
The master plan covers 3.2 million square meters and includes about 3,500 residential units, comprising villas and townhouses, according to the project’s information page. Arada says the district will include a school, retail facilities, a community center and sports facilities, alongside the homes. These amenities provide services within the residential project, alongside the homes that make up the largest part of the announced plan. The company says the 14 billion riyal estimate is the total development value, while the 3.2 million square meters refers to the entire master plan. The published information did not provide a separate value for each project component.
The Al Rimal plan comes amid Arada’s broader expansion in Saudi Arabia. In its announcement establishing Arada Saudi Arabia, the company said it had access to a land portfolio covering 10 million square meters in the Kingdom, with a total value of 50 billion riyals. The cited land spans Riyadh, Jeddah and Mecca, according to Arada’s statement dated October 20, 2026. The portfolio provides a land base for projects the company intends to develop in the Saudi market, but represents the value of land available to the company, not the value of Al Rimal alone. Arada also said its project pipeline across five markets totaled 189 billion riyals and its portfolio included more than 70,000 homes. The company said in the same announcement that it had completed 17,000 homes as of that date.
The company’s move in Saudi Arabia follows other development steps in the United Arab Emirates. In September 2026, Aldar Properties and Arada announced a joint venture to develop a mixed-use community in Seih Al Sdeirah, Abu Dhabi, on land of up to 1.5 million square meters. Arada also announced the purchase of three residential plots from Aldar on Yas Island, with a combined area of more than 27,500 square meters and total gross floor area of about 130,000 square meters. These figures relate to announced deals and projects between Aldar and Arada, and do not establish other locations or agreements attributed to Arada and Alia. They also do not establish joint plans between the two companies in the UAE and Saudi Arabia.
On investment management, Arada said Arada Capital had completed its establishment in Abu Dhabi Global Market and aims to reach 5 billion dollars in assets under management during the four years following the fund’s establishment. The company tied this target to obtaining financial services permission and establishing the fund, making the assets target conditional on completing those requirements. This target differs from the value of the project pipeline or available land, as it concerns targeted assets under management. Arada’s announcement did not specify a separate deadline for starting fund management, but said the target covers the four years following the fund’s establishment.
For the Al Rimal district project, Arada says sales and on-site construction are scheduled to begin in 2027. This date sets out the next announced step for the project after the publication of the development value estimate, master-plan area and housing count. The company’s announcement did not specify a day or month for the start of sales or construction. The announced timing details remain limited to the target year, according to Arada’s statement.