{"id":14920,"date":"2026-08-10T12:28:41","date_gmt":"2026-08-10T09:28:41","guid":{"rendered":"https:\/\/sa.aqar.fm\/blog\/?p=14920"},"modified":"2026-08-10T12:28:41","modified_gmt":"2026-08-10T09:28:41","slug":"the-avenues-riyadh-zones-total-cost-north-riyadh-property-market-analysis","status":"publish","type":"post","link":"http:\/\/54.229.247.130\/blog-be\/en\/discover-saudi-arabia\/the-avenues-riyadh-zones-total-cost-north-riyadh-property-market-analysis\/","title":{"rendered":"The Avenues Riyadh: Zones, Total Cost &#038; North Riyadh Property Market Analysis"},"content":{"rendered":"<div id=\"model-response-message-contentr_deb82ad70fdefc13\" class=\"markdown markdown-main-panel md-content enable-luminous-fast-follows enable-updated-hr-color stronger\" dir=\"ltr\" aria-busy=\"false\" aria-live=\"polite\">\n<div class=\"\" dir=\"ltr\">\n<p>Northern Riyadh is witnessing an unprecedented urban and economic transformation, cementing the capital&#8217;s position as one of the region&#8217;s top investment and tourism destinations. The Avenues Riyadh project stands at the forefront of giant projects (Giga Projects) reshaping the city&#8217;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.<\/p>\n\n<\/div>\n<h3 data-path-to-node=\"4\">What is The Avenues Riyadh Project? Area, Owner, and Total Cost<\/h3>\n<div class=\"\" dir=\"ltr\">The project is strategically located at an exceptional spot in Al Malqa district, specifically at the intersection of King Fahd Road and King Salman Road north of Riyadh. The investment and architectural scale of the project is evident through the following precise data:<\/div>\n<table data-path-to-node=\"7\">\n<thead>\n<tr>\n<td>Item<\/td>\n<td>Details<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Project Name<\/td>\n<td>The Avenues Riyadh Project (The Avenues &#8211; Riyadh)<\/td>\n<\/tr>\n<tr>\n<td>Location<\/td>\n<td>Al Malqa District, Intersection of King Fahd Road and King Salman Road (North Riyadh)<\/td>\n<\/tr>\n<tr>\n<td>Owner &amp; Developer<\/td>\n<td>Shomoul Holding Company (Consortium of Mabanee Kuwaiti Company and Al Fozan Group)<\/td>\n<\/tr>\n<tr>\n<td>Land Area<\/td>\n<td>Approximately 390,000 square meters<\/td>\n<\/tr>\n<tr>\n<td>Total Built-up Area<\/td>\n<td>Exceeds 1.8 million square meters<\/td>\n<\/tr>\n<tr>\n<td>Gross Leasable Area (GLA)<\/td>\n<td>Approximately 400,000 square meters<\/td>\n<\/tr>\n<tr>\n<td>Total Cost<\/td>\n<td>Exceeds 17.2 billion Saudi Riyals<\/td>\n<\/tr>\n<tr>\n<td>Expected Opening Date<\/td>\n<td>Year 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 data-path-to-node=\"9\">Components and Towers of The Avenues City in Riyadh<\/h3>\n<div class=\"\" dir=\"ltr\">The Avenues Riyadh project consists of a commercial center that ranks among the largest in the Middle East, in addition to 5 high-rise multi-use towers housing luxury international hotels (such as Waldorf Astoria, Conrad, and Canopy by Hilton), along with a dedicated business\/office tower and a fully integrated medical and residential tower, transforming it into a daily attraction for thousands of visitors and employees.<\/div>\n<h3 data-path-to-node=\"12\">Zones of The Avenues City in Riyadh<\/h3>\n<div class=\"\" dir=\"ltr\">The commercial portion of the project was designed into architectural zones inspired by world-famous cities and traditional heritage markets, with each zone featuring its distinct visual identity:<\/div>\n<ul data-path-to-node=\"14\">\n<li>\n<div class=\"\" dir=\"ltr\">Grand Avenue: Wide, covered streets featuring designs resembling world-renowned shopping avenues.<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">Prestige \/ Precious: A zone dedicated to luxury international brands, fine jewelry, and high-end timepieces.<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">Electra: A modern zone inspired by technology and interactive displays similar to Times Square.<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">The Souk: Emulates traditional heritage bazaars with a modern architectural style reflecting local culture.<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">Grand Plaza: A massive square beneath a glass dome featuring the finest international restaurants and cafes.<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">The Forum: A vibrant venue designated for events, shows, and cultural entertainment activities.<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">The Oasis &amp; Town Square: Open-air spaces integrating natural elements and green landscapes for family recreation.<\/div>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"16\">How Will The Avenues Riyadh Impact Nearby Real Estate and Neighborhoods?<\/h3>\n<div class=\"\" dir=\"ltr\">Launching a project of this scale serves as a key catalyst for driving up market value and real estate demand in directly adjacent neighborhoods, led by Al Malqa, Al Qairawan, and Al Yasmeen districts. This impact extends across all residential and commercial real estate sectors:<\/div>\n<ul data-path-to-node=\"18\">\n<li>\n<div class=\"\" dir=\"ltr\">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.<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">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.<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">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.<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">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.<\/div>\n<\/li>\n<\/ul>\n<div id=\"model-response-message-contentr_d5c8969a7530ee0e\" class=\"markdown markdown-main-panel md-content enable-luminous-fast-follows enable-updated-hr-color stronger\" dir=\"ltr\" aria-busy=\"false\" aria-live=\"polite\">\n<h2>Al Malqa District: The Most Popular and Growing Destination in Northern Riyadh<\/h2>\n<div dir=\"ltr\">Aqar App allows you to explore and compare live real estate listings in neighborhoods most impacted by The Avenues Riyadh project, helping you evaluate prices and make optimal real estate decisions whether buying for residence or investing for rental income. Al Malqa district is the closest adjacent neighborhood to The Avenues Riyadh project and the financial center, placing it at the forefront of districts benefiting from capital value growth.<\/div>\n<\/div>\n<div id=\"model-response-message-contentr_0a89f2291d4cb0ea\" class=\"markdown markdown-main-panel md-content enable-luminous-fast-follows enable-updated-hr-color stronger\" dir=\"ltr\" aria-busy=\"false\" aria-live=\"polite\">\n<ul data-path-to-node=\"2\">\n<li>\n<div class=\"\" dir=\"ltr\">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).<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">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.<\/div>\n<\/li>\n<li>\n<div class=\"\" dir=\"ltr\">Browse Listings: To inspect available villas and units, visit <a class=\"ng-star-inserted\" href=\"https:\/\/sa.aqar.fm\/%D8%B9%D9%82%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6\/%D8%B4%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6\/%D8%AD%D9%8A-%D8%A7%D9%84%D9%85%D9%84%D9%82%D8%A7\" target=\"_blank\" rel=\"noopener\">Al Malqa District Real Estate<\/a> on Aqar App to compare prices.<\/div>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"3\">Al Malqa Real Estate Market Indicators via Aqar App for First Half of 2026<\/h3>\n<table data-path-to-node=\"4\">\n<thead>\n<tr>\n<td>Real Estate Indicator<\/td>\n<td>Recorded Value<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Average Land Price per Sqm (Residential)<\/td>\n<td>10,800 SAR<\/td>\n<\/tr>\n<tr>\n<td>Median Price per Sqm<\/td>\n<td>10,150 SAR<\/td>\n<\/tr>\n<tr>\n<td>Total Transaction Value<\/td>\n<td>135.6 Million SAR<\/td>\n<\/tr>\n<tr>\n<td>Total Number of Transactions<\/td>\n<td>26 Transactions<\/td>\n<\/tr>\n<tr>\n<td>Number of Mortgage Releases<\/td>\n<td>5 Operations<\/td>\n<\/tr>\n<tr>\n<td>Number of New Mortgages<\/td>\n<td>1 Operation<\/td>\n<\/tr>\n<tr>\n<td>Number of Grants\/Gifts<\/td>\n<td>10 Grants<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Recording an average price per square meter at 10,800 SAR reflects the district&#8217;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.<\/p>\n<h2 data-path-to-node=\"7\">Al Qairawan District: Modern Urban Expansion and Future Investment Potential<\/h2>\n<div class=\"\" dir=\"ltr\">Al Qairawan district represents a promising modern option in northern Riyadh, directly benefiting from alignment along key road corridors leading to The Avenues City.<\/div>\n<ul data-path-to-node=\"9\">\n<li>\n<p data-path-to-node=\"9,0,0\">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.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"9,1,0\">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.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"9,2,0\">Browse Listings: Explore available opportunities via <a class=\"ng-star-inserted\" href=\"https:\/\/sa.aqar.fm\/%D8%B9%D9%82%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6\/%D8%B4%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6\/%D8%AD%D9%8A-%D8%A7%D9%84%D9%82%D9%8A%D8%B1%D9%88%D8%A7%D9%86\" target=\"_blank\" rel=\"noopener\">Al Qairawan District Real Estate<\/a> on Aqar App.<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"10\">Al Qairawan Real Estate Market Indicators<\/h3>\n<table data-path-to-node=\"11\">\n<thead>\n<tr>\n<td>Real Estate Indicator<\/td>\n<td>Recorded Value<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Average Land Price per Sqm (Residential)<\/td>\n<td>7,500 SAR<\/td>\n<\/tr>\n<tr>\n<td>Median Price per Sqm<\/td>\n<td>7,000 SAR<\/td>\n<\/tr>\n<tr>\n<td>Total Transaction Value<\/td>\n<td>168.7 Million SAR<\/td>\n<\/tr>\n<tr>\n<td>Total Number of Transactions<\/td>\n<td>44 Transactions<\/td>\n<\/tr>\n<tr>\n<td>Number of Mortgage Releases<\/td>\n<td>1 Operation<\/td>\n<\/tr>\n<tr>\n<td>Number of New Mortgages<\/td>\n<td>1 Operation<\/td>\n<\/tr>\n<tr>\n<td>Number of Grants\/Gifts<\/td>\n<td>14 Grants<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"\" dir=\"ltr\">District Figures Analysis: Al Qairawan exhibits the highest real estate liquidity and trading volume among the three neighborhoods, totaling 168.7 million SAR across 44 completed transactions. This high volume illustrates the attractiveness of its average price per square meter (7,500 SAR), which provides developers with an excellent profit margin to build new residential projects near The Avenues.<\/div>\n<h2 data-path-to-node=\"14\">Al Yasmeen District: The Golden Grid and Complete Residential Services<\/h2>\n<div class=\"\" dir=\"ltr\">Al Yasmeen district is considered one of northern Riyadh&#8217;s most established and stable neighborhoods, positioning itself within the positive wave led by The Avenues Riyadh project.<\/div>\n<ul data-path-to-node=\"16\">\n<li>\n<p data-path-to-node=\"16,0,0\">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.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"16,1,0\">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.<\/p>\n<\/li>\n<li>\n<p data-path-to-node=\"16,2,0\">Browse Listings: View live available options on <a class=\"ng-star-inserted\" href=\"https:\/\/sa.aqar.fm\/%D8%B9%D9%82%D8%A7%D8%B1%D8%A7%D8%AA\/%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6\/%D8%B4%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%B1%D9%8A%D8%A7%D8%B6\/%D8%AD%D9%8A-%D8%A7%D9%84%D9%8A%D8%A7%D8%B3%D9%85%D9%8A%D9%8BD\" target=\"_blank\" rel=\"noopener\">Al Yasmeen District Real Estate<\/a> on Aqar App.<\/p>\n<\/li>\n<\/ul>\n<h3 data-path-to-node=\"17\">Al Yasmeen Real Estate Market Indicators<\/h3>\n<table data-path-to-node=\"18\">\n<thead>\n<tr>\n<td>Real Estate Indicator<\/td>\n<td>Recorded Value<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Average Land Price per Sqm (Residential)<\/td>\n<td>7,100 SAR<\/td>\n<\/tr>\n<tr>\n<td>Median Price per Sqm<\/td>\n<td>6,500 SAR<\/td>\n<\/tr>\n<tr>\n<td>Total Transaction Value<\/td>\n<td>20.0 Million SAR<\/td>\n<\/tr>\n<tr>\n<td>Total Number of Transactions<\/td>\n<td>6 Transactions<\/td>\n<\/tr>\n<tr>\n<td>Number of Mortgage Releases<\/td>\n<td>6 Operations<\/td>\n<\/tr>\n<tr>\n<td>Number of New Mortgages<\/td>\n<td>2 Operations<\/td>\n<\/tr>\n<tr>\n<td>Number of Grants\/Gifts<\/td>\n<td>6 Grants<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>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.<\/p>\n<\/div>\n<h3 data-path-to-node=\"24\">Conclusion<\/h3>\n<div class=\"\" dir=\"ltr\">The Avenues Riyadh project represents a paradigm shift in the capital&#8217;s commercial and urban landscape, serving not only as a retail and leisure hub, but as a primary catalyst for real estate growth and rising investment values in Northern Riyadh. At Aqar Blog and App, we continue providing reliable data analyzing market trends to arm you with the knowledge and tools needed to make successful residential and investment decisions.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Northern Riyadh is witnessing an unprecedented urban and economic transformation, cementing the capital&#8217;s position as one of the region&#8217;s top,&#8230;<\/p>\n","protected":false},"author":23,"featured_media":14918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[4733],"tags":[],"class_list":["post-14920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discover-saudi-arabia"],"lang":"en","aqar_translations":{"en":14920,"ar":14910},"aqar_faq":[{"question":"Q1: When is the official opening date of The Avenues Riyadh project?","answer":"A: The project is expected to officially open during 2026."},{"question":"Q2: Who is the owner and developer of The Avenues Riyadh project?","answer":"A: The project is owned and developed by Shomoul Holding Company, a consortium between Mabanee Kuwaiti Company and Saudi Al Fozan Group."},{"question":"Q3: What is the total cost of The Avenues Riyadh project?","answer":"A: The total budget and construction cost of the project exceeds 17.2 billion SAR."}],"aqar_seo":{"title":null,"description":"Full guide to The Avenues Riyadh project. Check land prices, transaction trends, and market data for Al Malqa, Al Qairawan, &amp; Al Yasmeen on Aqar App!","canonical":null,"robots":{"noindex":false,"nofollow":false},"og":{"title":null,"description":null,"image":null},"twitter":{"card":"default","title":null,"description":null,"image":null}},"_links":{"self":[{"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/posts\/14920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/comments?post=14920"}],"version-history":[{"count":1,"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/posts\/14920\/revisions"}],"predecessor-version":[{"id":14921,"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/posts\/14920\/revisions\/14921"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/media\/14918"}],"wp:attachment":[{"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/media?parent=14920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/categories?post=14920"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/54.229.247.130\/blog-be\/wp-json\/wp\/v2\/tags?post=14920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}