Riyad Capital has announced the establishment of a new real estate investment fund worth approximately $400 million (SAR 1.5 billion) to support a major mixed-use development in Riyadh. The initiative marks a significant step in expanding structured real estate investments in the Kingdom.
Partnership to Develop Dar Al Salam Project
The fund has been formed in partnership with Naif AlRajhi Investment Company and Princess Munira bint Abdullah bin Faisal Al Saud. Together, they will develop the Dar Al Salam project, a key mixed-use real estate destination in Riyadh.
The collaboration brings together investment expertise and development experience to deliver a large-scale urban project aligned with the city’s growth plans.
Mixed-Use Development on 32,000 Square Meters
The Dar Al Salam project will cover approximately 32,000 square meters and is designed as a mixed-use development.
It will include:
- Residential units
- Office spaces
- Retail outlets
- Hospitality components
This integrated design aims to create a connected urban environment where people can live, work, and access services in one location.
Transit-Oriented Development Near Metro Station
A key feature of the project is its strategic location. It is situated about 250 meters from Al-Takhassusi Metro Station, making it a Transit-Oriented Development (TOD).
This approach promotes public transport usage, improves mobility, and supports sustainable urban planning in Riyadh.
Supporting Riyadh’s Urban Transformation
The project is expected to contribute to the ongoing transformation of Riyadh into a modern global city. By combining residential, commercial, and lifestyle spaces, it supports improved urban living standards and long-term city development.
It also aligns with the broader goals of Saudi Vision 2030, which focuses on infrastructure expansion, economic diversification, and improving the quality of life across the Kingdom.
Riyad Capital’s Investment Strategy
Riyad Capital stated that the fund reflects its strategy of creating structured, high-quality real estate investment opportunities backed by strong fundamentals.
The company aims to generate sustainable returns for investors while supporting the development of integrated urban destinations in Saudi Arabia.
The Dar Al Salam project represents a significant addition to Riyadh’s real estate landscape. With its mixed-use design, metro connectivity, and strategic investment structure, the development is positioned to play an important role in shaping the future of urban living in the Saudi capital.
