The real estate sector is showing no signs of slowing as Cityscape enters its fourth and final day today.

Dallah Healthcare launched the Wahet Al Nakheel Fund, a SAR 1.2 bn real estate fund to develop a mixed-use project on King Fahd Road in Riyadh, featuring medical, commercial, office, and hospitality facilities, it said in a disclosure to Tadawul.

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A team effort: The fund is owned by Dallah Healthcare, Dallah Real Estate, and Tatweer via a strategic partnership between the three, with AlJazira Capital serving as the fund manager. Tatweer will act as the project’s real estate developer under a SAR 741 mn agreement that covers the design, construction, and obtaining the required regulatory approvals, all within a 51-month timeframe.

NHC signs agreement to establish concrete plants in Khuzam: The National Housing Company (NHC) signed a strategic agreement with Asas Al Mohileb to establish ready-mix concrete plants in Khuzam Development, SPA reports. The plants will supply cement and concrete for NHC projects and sub-developer partners for more timely delivery and stable costs.

The company also signed an investment agreement worth over SAR 1 bn with Turkey’s Emlak Konut to develop new residential communities within the Makkah Gate project in Makkah, Meed reported. The Turkish developer will build 1k villas across 255k sqm.

Ladun Investment awarded a SAR 317.1 mn construction contract for the Al Mashriqya Villas project in Riyadh to its subsidiary Built Industrial Company, it said in a filing to the exchange yesterday. The contract covers the construction of 416 residential villas within the Afyaa Al Mashriqya development in partnership with the National Housing Company (NHC).

REMEMBER- In September, Ladun was awarded a SAR 446 mn contract from the NHC to build over 400 villas in Riyadh’s Al Mashriqya across 100.4k sqm. The 42-month construction project is expected to begin in 2026.

Ladun also signed Cheval Collection to operate Riyadh its residential and commercial complex in Al Sulaimania, Riyadh, it said in a disclosure to Tadawul. Spanning 10k sqm, Cheval Maison Al Sulaimania, will feature over 150 serviced Deluxe units with implementation set to begin in early 2026, and operations expected to start in early 2028. The project’s construction costs are expected to come in at SAR 150 mn. Ladun had purchased the complex in November 2024 for SAR 83.9 mn.

ALSO- Ladun Investment plans to submit its application to transition to the Saudi Exchange’s main market before year-end, after meeting the requirement of a 30% free float, CEO Hassan Alhazmi told Asharq.

Dar wa Emaar signed three strategic agreements for its Riyadh East development, a major upcoming masterplan project in the capital, it said on LinkedIn. The agreements were signed with Osool as anchor investor and strategic partner, SEDCO Capital as fund manager, and global design firm Benoy. The project is being developed through a CMA-regulated real estate fund with a total investment of SAR 1 bn.

Umm Al Qura’s Makkah Masar Destination secures multi-plot land sales: Umm Al Qurafor Development and Construction announced two reservation agreements, valued at a combined SAR 216.9 mn, within Makkah Masar Destination, it said in a Tadawul disclosure. The agreements involve the sale of a total of 6.8k sqm land plots to Buyot Al Khomasiah, the SPV of a real estate fund managed by BLME Capital. The sellers are SPVs Al Inma First Development Company and Al Inma Second Development Company — both fully owned by Umm Al Qura.

Separately, Umm Al Qura signed a SAR 210.8 mn reservation agreement with BlomInvest and Heyazah Real Estate Development for a 4.5k sqm plot, the company said in a filing to the bourse. Owned by Umm Al Qura’s Al Inma Second Development Company, the plot is earmarked for hospitality development. Reservation security deposits have been paid, with the final sale agreement expected during the reservation period, which runs until 18 May 2026.

During Cityscape, Umm Al Qura closed more than nine agreements, including seven residential plots and two hotel plots, representing over 1.7k residential keys and 1.2k hotel keys, CIO Tariq Sharaf told Al Arabiya. Total investments committed to the Masar destination project have exceeded SAR 63 bn to date, out of a planned SAR 100 bn, including SAR 10 bn for land acquisition and SAR 23 for infrastructure, Sharaf added.

ALSO FROM CITYSCAPE-

ThePIF unveils five-year real estate and infrastructure plan: The Public Investment Fund (PIF) will add 90k hotel rooms, 200k housing units, and expand King Salman International Airport’s capacity to 90 mn passengers annually over the next five years, the fund’s head of local real estate Saad Alkroud told Al Arabiya yesterday.

So far, the PIF has invested SAR 1.3 tn in the real estate sector, including SAR 400 bn for infrastructure. Ongoing projects include eight coastal resorts at the Red Sea destination (set to rise to 16 early next year), King Salman Gate, and Rua Al Madinah, as well as Roshn.

ALSO-The Real Estate General Authority (Rega) launched an instant licensing service for off-plan project sales, cutting licensing requirements by about 90% and reducing issuance time from 30 days to immediate approval once conditions are met, it said in a statement. The new automated system connects directly with government and financing entities, enabling faster compliance checks and funding procedures.

Rega has also begun integrating with local banks to automatically open escrow accounts, with full integration expected soon.

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