Arada Riyadh plans revives as land prices drop sharply in Saudi Arabia’s capital. The UAE developer from Sharjah grabs this chance to push ahead with stalled projects. Lower costs now make expansion possible in the kingdom’s fast-growing market.
Land Prices Fall Sharply
Saudi government slashes land prices by up to 84 percent for residential plots in Riyadh. The Royal Commission for Riyadh City rolls out this offer to fix real estate woes and build more homes. Prices stay under SR1,500 per square meter for thousands of plots each year over five years. Developers like Arada benefit most from this reset.
Authorities also free up 81 square kilometers of northern land from old limits. They freeze rent rises for five years and tweak fees on unused plots. These steps target a shortage of 100,000 to 130,000 new units needed yearly. Arada revives Riyadh plans right in this supportive shift.
Arada Eyes Saudi Growth
Arada first eyed Riyadh back in 2021 with a Dh24 billion mega-project dream. High land costs paused those ideas, but prices now align with the firm’s model. The developer blends homes, shops, and parks, much like its UAE hits such as Aljada in Sharjah.
In 2019, Arada set up its first office outside the UAE in Riyadh. Saudi families bought over 250 off-plan units from Arada’s UAE lineup that year. Strong ties already exist, and now fresh deals speed up mixed-use builds in key Riyadh spots.
UAE Success Fuels Push
Arada posts huge wins at home. Sales tripled to AED17 billion in 2025, with over 5,000 units sold in UAE spots like Woodland and Azalea. Off-plan demand stays hot amid rising buyer confidence. This cash flow backs Saudi bets.
Recent awards show momentum. Arada hands out AED615 million contracts for Azalea’s next phase and AED2.18 billion for Madar Mall at Aljada. Talks with Saudi Arabia’s Public Investment Fund also hint at bigger plays.
Market Opens Wide
Riyadh’s changes spark wider real estate action. More firms eye the capital as affordability climbs. Saudi Vision 2030 drives urban growth, and Arada fits perfectly with family-focused designs. Lower land prices cut entry hurdles for UAE players.
Arada plans quick moves on sites grabbed at discount rates. Teams target ready builds within two years to meet demand. Buyers seek value, and Arada delivers with proven quality. Arada revives Riyadh plans at peak time. Saudi reforms clear roadblocks, and the developer’s track record shines. Regional ties grow stronger as UAE firms tap kingdom potential. Watch for project launches soon that reshape Riyadh’s skylines.
