Leading UAE master developer Arada has announced the establishment of Arada KSA, a new real estate development company that will be responsible for delivering large-scale communities across the Kingdom of Saudi Arabia. 

The new entity has been founded in strategic partnership with XTOPIA, a community and lifestyle company developing integrated mixed-use destinations across the region.

Arada KSA’s first project is an AED14 billion ($3.8 billion) residential master plan in the Al Rimal District of north-eastern Riyadh, which is one of the largest private real estate projects to be announced in the Saudi capital in recent years.

The development will be delivered on a plot of 2.5 million sq m and will comprise an estimated 3,500 villas and townhouses surrounded by 100,000 trees, with world-class amenities including a school, retail, a community centre and sporting facilities.

The entry into Saudi Arabia is the latest step in Arada's rapid global expansion. The company now has a project pipeline valued at AED185 billion ($50 billion) across five markets, with a portfolio of more than 70,000 homes spanning the United Kingdom, Syria, Australia, the UAE and — with this announcement — the Kingdom of Saudi Arabia. In total, Arada has completed 17,000 homes.

Mohammed AlDhabaan, Chairman of XTOPIA, has been appointed Chairman of Arada KSA, reflecting the significance of the local partnership at the heart of the new company's foundation. 

Arada KSA has access to a significant 10 million square metre land bank across Saudi Arabia with a collective value of AED49 billion, spanning key strategic locations including Riyadh, Jeddah and Makkah.

AlDhabaan said the establishment of Arada KSA marks a significant step forward for the development of world-class communities in the kingdom. 

"Our land bank, which features key strategic locations across the Kingdom, positions Arada KSA as a platform with genuine national scale and reach. Saudi Arabia’s residential market has never offered more compelling long-term fundamentals, and the combination of Arada’s global track record in community building with XTOPIA’s deep local expertise creates a platform with real long-term potential for the Kingdom," he stated.

Arada KSA’s first project is an AED14 billion residential master plan in the Al Rimal District of north-eastern Riyadh, which is one of the largest private real estate projects to be announced in the Saudi capital in recent years.