{"id":105789,"date":"2026-02-12T00:00:00","date_gmt":"2026-02-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/12\/dammam-is-getting-sar-98-bn-seaside-urban-development\/"},"modified":"2026-02-12T00:00:00","modified_gmt":"2026-02-12T00:00:00","slug":"dammam-is-getting-sar-98-bn-seaside-urban-development","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/12\/dammam-is-getting-sar-98-bn-seaside-urban-development\/","title":{"rendered":"Dammam is getting SAR 98 bn seaside urban development"},"content":{"rendered":"

Dammam is getting a new shoreline<\/strong>, a SAR 98 bn (USD 26 bn) seaside urban development in Dammam spanning 32 mn sqm with a 26 mn sqm of net area, state news agency SPA<\/a> reported on Monday. The project, called New Dammam, is being developed by Adel Real Estate<\/a> in partnership with Alinma Investment.<\/p>\n

The blueprint: <\/strong>The masterplan outlines eight residential districts with 15.8k housing units, 5.2k investment plots, 1.4k commercial plots, 322 waterfront villas, 49 parks, and a range of recreational destinations. Water features will cover more than 5 mn sqm, alongside maritime canals and over 500k sqm of green space.<\/p>\n

\n

Why it matters<\/p>\n

Dammam is positioning itself as the release valve for a saturated Riyadh. <\/strong>With the capital facing a five-year rent freeze and infrastructure pressure, New Dammam \u2014 expected to support 80k jobs and 180k residents \u2014 represents a pivot for private developers seeking higher yields in the Eastern Province. <\/p>\n

This isn't an isolated project. <\/strong>It\u2019s part of a cluster \u2014 including the SAR 650 mn Global City<\/a> and Arasco\u2019s SAR 200 mn logistics hub<\/a> \u2014 that signals Dammam's transition from an oil-service center into a more diversified regional capital.<\/p>\n","protected":false},"excerpt":{"rendered":"

The project covers a total of 32 mn sqm<\/p>\n","protected":false},"author":1,"featured_media":105790,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2574],"tags":[3152,10,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-105789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-dammam","tag-enterpriseam-ksa","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"ea79e660-62d6-433f-bf37-aae0131c0a01","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/823.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dammam gets a SAR 98 bn shoreline","related_issue":[105781],"teaser":"The project covers a total of 32 mn sqm"},"yoast_head":"\nDammam is getting SAR 98 bn seaside urban development - 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