The Avenues Riyadh: Zones, Total Cost & North Riyadh Property Market Analysis
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.
What is The Avenues Riyadh Project? Area, Owner, and Total Cost
| 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 |
Components and Towers of The Avenues City in Riyadh
Zones of The Avenues City in Riyadh
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Grand Avenue: Wide, covered streets featuring designs resembling world-renowned shopping avenues.
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Prestige / Precious: A zone dedicated to luxury international brands, fine jewelry, and high-end timepieces.
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Electra: A modern zone inspired by technology and interactive displays similar to Times Square.
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The Souk: Emulates traditional heritage bazaars with a modern architectural style reflecting local culture.
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Grand Plaza: A massive square beneath a glass dome featuring the finest international restaurants and cafes.
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The Forum: A vibrant venue designated for events, shows, and cultural entertainment activities.
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The Oasis & Town Square: Open-air spaces integrating natural elements and green landscapes for family recreation.
How Will The Avenues Riyadh Impact Nearby Real Estate and Neighborhoods?
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Al Malqa District: Considered the immediate and closest neighborhood to the project, experiencing continuous demand growth for luxury apartments and residential villas, as investors and residents prefer proximity to the largest commercial and entertainment hub.
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Al Qairawan District: Benefits directly due to its alignment with major road networks leading to the project, enhancing its value as a modern residential destination for smart apartments and floors with high investment returns.
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Rising Rental Yields: The presence of business centers and attached hotels increases demand for long-term and short-term residential rentals by employees and visitors.
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Commercial Real Estate Growth: Land plots and commercial spaces near the intersection of King Fahd Road and King Salman Road are witnessing investment value gains due to intense economic activity and traffic flow.
Al Malqa District: The Most Popular and Growing Destination in Northern Riyadh
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Top District Advantages: Al Malqa leads Riyadh districts with its strategic location at the junction of King Salman Road and King Fahd Road, upscale infrastructure, and direct proximity to the largest commercial complex (The Avenues) and King Abdullah Financial District (KAFD).
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Who Suits Living Here? Ideal for elite buyers and families seeking a luxurious lifestyle and a fully serviced community, alongside investors looking for top rental yields and long-term capital appreciation.
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Browse Listings: To inspect available villas and units, visit Al Malqa District Real Estate on Aqar App to compare prices.
Al Malqa Real Estate Market Indicators via Aqar App for First Half of 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.
Al Qairawan District: Modern Urban Expansion and Future Investment Potential
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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.
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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.
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Browse Listings: Explore available opportunities via Al Qairawan District Real Estate on Aqar App.
Al Qairawan Real Estate Market Indicators
| 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 |
Al Yasmeen District: The Golden Grid and Complete Residential Services
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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.
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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.
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Browse Listings: View live available options on Al Yasmeen District Real Estate on Aqar App.
Al Yasmeen Real Estate Market Indicators
| 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.