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بدر الحسني | Bader Al Hassany7 min read
Northern Riyadh is witnessing an unprecedented urban and economic transformation, cementing the capital’s position as one of the region’s top investment and tourism destinations. The Avenues Riyadh project stands at the forefront of giant projects (Giga Projects) reshaping the city’s real estate and commercial landscape; it is not merely a massive commercial mall, but an integrated city combining shopping, luxury hospitality, entertainment, and corporate offices, making it a primary driver for rising real estate values in surrounding neighborhoods.
| Item | Details |
| Project Name | The Avenues Riyadh Project (The Avenues – Riyadh) |
| Location | Al Malqa District, Intersection of King Fahd Road and King Salman Road (North Riyadh) |
| Owner & Developer | Shomoul Holding Company (Consortium of Mabanee Kuwaiti Company and Al Fozan Group) |
| Land Area | Approximately 390,000 square meters |
| Total Built-up Area | Exceeds 1.8 million square meters |
| Gross Leasable Area (GLA) | Approximately 400,000 square meters |
| Total Cost | Exceeds 17.2 billion Saudi Riyals |
| Expected Opening Date | Year 2026 |
| Real Estate Indicator | Recorded Value |
| Average Land Price per Sqm (Residential) | 10,800 SAR |
| Median Price per Sqm | 10,150 SAR |
| Total Transaction Value | 135.6 Million SAR |
| Total Number of Transactions | 26 Transactions |
| Number of Mortgage Releases | 5 Operations |
| Number of New Mortgages | 1 Operation |
| Number of Grants/Gifts | 10 Grants |
Recording an average price per square meter at 10,800 SAR reflects the district’s high investment value as the most premium neighborhood adjacent to the project; despite fewer executed deals (26 transactions), their overall monetary value remains high (135.6 million SAR), highlighting large investment volumes per transaction and strong buyer liquidity.
Top District Advantages: Characterized by modern architectural planning, wide streets, and relative tranquility compared to central Riyadh, along with smooth accessibility via King Salman Road and Abu Bakr Al-Siddiq Road.
Who Suits Living Here? An ideal choice for young families and real estate developers looking to acquire land for constructing modern residential complexes and luxury apartments at competitive entry prices with strong future appreciation.
Browse Listings: Explore available opportunities via Al Qairawan District Real Estate on Aqar App.
| Real Estate Indicator | Recorded Value |
| Average Land Price per Sqm (Residential) | 7,500 SAR |
| Median Price per Sqm | 7,000 SAR |
| Total Transaction Value | 168.7 Million SAR |
| Total Number of Transactions | 44 Transactions |
| Number of Mortgage Releases | 1 Operation |
| Number of New Mortgages | 1 Operation |
| Number of Grants/Gifts | 14 Grants |
Top District Advantages: Comprehensive infrastructure, educational and healthcare facilities, coupled with seamless connectivity to key arteries like King Abdulaziz Road, Anas Ibn Malik Road, and Al Thumamah Road.
Who Suits Living Here? Best suited for established families seeking immediate residency in a fully serviced district with green parks, away from active foundational construction work.
Browse Listings: View live available options on Al Yasmeen District Real Estate on Aqar App.
| Real Estate Indicator | Recorded Value |
| Average Land Price per Sqm (Residential) | 7,100 SAR |
| Median Price per Sqm | 6,500 SAR |
| Total Transaction Value | 20.0 Million SAR |
| Total Number of Transactions | 6 Transactions |
| Number of Mortgage Releases | 6 Operations |
| Number of New Mortgages | 2 Operations |
| Number of Grants/Gifts | 6 Grants |
Al Yasmeen demonstrates steady stability in its average price per square meter (7,100 SAR), recording a very limited number of land transactions (only 6 deals valued at 20 million SAR). This lower land trading activity stems from the scarcity of vacant undeveloped land plots and built-out completion, shifting primary real estate activity toward finished villas and ready-to-move-in apartments.
A: The project is expected to officially open during 2026.
A: The project is owned and developed by Shomoul Holding Company, a consortium between Mabanee Kuwaiti Company and Saudi Al Fozan Group.
A: The total budget and construction cost of the project exceeds 17.2 billion SAR.
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About the author
بدر الحسني | Bader Al Hassanyكاتب محتوى في مدونة عقار. أكتب عن الأحياء والمدن السعودية، وأتحدث عن العقار من جوانبه المختلفة؛ الاستثمارية والسكنية والتصميمية. من خلال مقالاتي أشارك القارئ صورة واقعية عن الحياة في الأحياء، ومتوسط الأسعار، والمشاريع الجديدة، بأسلوب سهل وواضح. الكتابة بالنسبة لي هي وسيلة لاكتشاف السعودية وتطورها، ونشر الوعي بأن العقار ليس مجرد بناء، بل أسلوب حياة ورؤية لمستقبل أفضل.
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