Diriyah: Diriyah Company has announced the launch of 239 premium homes in the new Manazel AlHadawi residential area at Cityscape Global 2025. This is the first release of properties planned within its flagship Media and Innovation District. The new homes will include one-bedroom studio apartments, two-bedroom and three-bedroom homes, and four-bedroom duplex properties, with the prices starting from SAR1.6 million. The new properties celebrate Saudi heritage, seamlessly blending traditional architectural themes with contemporary design to create living spaces that are both timeless and innovative.
According to Saudi Press Agency, the launch marks the first in what will eventually be more than 18,000 residential properties for over 100,000 residents in Diriyah's City of Earth, inspired by the centuries-old Najdi architectural traditions of the birthplace of the first Saudi state. Jerry Inzerillo, Diriyah Company Group CEO, commented that Manazel AlHadawi is a pivotal milestone reflecting the maturity of the company's capabilities and the strength of its integrated, urban ecosystem. He emphasized the commitment to delivering premium homes that capture the authentic spirit of Diriyah while offering a modern living experience rooted in quality and design excellence.
The new residential homes will benefit from advanced infrastructure and smart city technologies, ensuring efficient, sustainable, and future-ready living. The homes will be divided into two residential areas within the larger district. Alongside the new residential offering launch, Diriyah Company announced three major contract awards covering residential, commercial, and infrastructure developments, totaling $1.5 billion (SAR5.7 billion).
BEC Arabia Contracting Company has been awarded the contract for the Media and Innovation District - South Offices, delivering state-of-the-art office spaces to support global media networks and creative agencies. Additionally, BEC Arabia Contracting Company secured the contract for the Manazel AlHadawi plots, further expanding the district's residential offering. Almabani General Contractors has been awarded the King Khalid Road Main Works contract, enhancing connectivity and accessibility within Diriyah's districts.
These announcements showcase the progress of Diriyah Company's $63.2 billion urban development program, aimed at building a contemporary human-centric place to live, work, and play on the outskirts of Riyadh. Diriyah's Media and Innovation District, announced at MIPIM in Cannes in March 2025, will serve as a new home for global media networks and professionals, promoting sustainability and providing an exceptional quality of life.
The $63.2 billion integrated urban development has awarded over $27 billion in construction contracts. Once complete, Diriyah will contribute approximately $18.6 billion (SAR70 billion) to the Kingdom's GDP, create more than 180,000 jobs, and be home to an estimated 100,000 people. It will also feature museums, shopping districts, a university, the Royal Diriyah Opera House, the Diriyah Arena, various food and beverage outlets, and nearly 40 world-class resorts and hotels. Additionally, Diriyah will include the Royal Golf Club, Wadi Safar, with a Greg Norman-designed championship golf course, and the Royal Equestrian and Polo Club, Wadi Safar.