Riymar has completed the sale of multiple residential land plots within Future City in East Riyadh to Ashaad Real Estate Development, in a transaction valued at SAR 400 million.
The transaction covers a total land area exceeding 200,000 sqm, at a value of approximately SAR 2,000 per sqm, representing another significant milestone for Future City and reinforcing its growing position within East Riyadh’s residential development landscape.
The agreement was concluded in the presence of Eng. Ali Alshehri, Managing Director of Riymar, and Mr. Ali bin Mohammed Al Ali, Chairman of Ashaad Real Estate Development.
Strengthening Future City’s Development Momentum
The transaction reflects continued confidence in Future City as an integrated residential community and an important component of East Riyadh’s ongoing urban growth.
As residential demand and development activity continue to expand across the eastern part of the city, large-scale communities such as Future City play an increasingly important role in creating well-planned environments capable of supporting long-term residential growth.
The sale of these residential plots represents a further step in advancing the development of the community while bringing established development partners into its wider ecosystem.
Creating Opportunities for Integrated Residential Development
Future City has been planned around the principles of connectivity, accessibility and community living, bringing together residential areas and supporting infrastructure within a comprehensive urban framework.
Transactions of this scale contribute to accelerating the delivery of new residential opportunities while supporting the broader evolution of the destination.
Through its collaboration with Ashaad Real Estate Development, Riymar continues to build partnerships that support the development of residential projects aligned with the vision and character of the wider Future City community.
A Growing Destination in East Riyadh
East Riyadh continues to emerge as one of the city’s key areas for residential expansion, supported by new infrastructure, growing communities and increasing development activity.
Within this evolving landscape, Future City is positioned to contribute to the creation of a more integrated urban environment-one that responds to the needs of residents while supporting the long-term growth of the surrounding area.
The SAR 400 million transaction further strengthens this momentum and highlights the value being created through the continued development of the community.
Continuing Riymar’s Long-Term Development Approach
For Riymar, the transaction forms part of a broader commitment to developing destinations that generate sustainable value through thoughtful planning, strategic partnerships and a long-term approach to community development.
By enabling new residential development within Future City, Riymar continues to advance the destination as an integrated community and strengthen its contribution to the evolving urban landscape of East Riyadh.
The transaction marks another important step in Future City’s journey-bringing new development opportunities, strategic partnerships and continued momentum to one of East Riyadh’s growing residential communities.