Diriyah Company has marked a significant milestone in urban development by launching 239 premium homes at Cityscape Global 2025. This initiative is part of the extensive $63.2 billion Diriyah masterplan, underscoring the ambitious vision for one of the largest urban projects in the world, reflecting Saudi Arabia’s commitment to modern living intertwined with rich cultural heritage.
The newly introduced Manazel AlHadawi properties showcase a variety of living options, including one-bedroom studio apartments, two-bedroom and three-bedroom homes, as well as spacious four-bedroom duplex units, with starting prices from SR1.6 million (about $426,666). This launch signifies the first residential release within the innovative Media and Innovation District.
Diriyah Company in Saudi Arabia
Diriyah Company has designed these homes to merge traditional Najdi architectural influences with contemporary aesthetics, creating living spaces that honor Saudi culture while providing a premium modern experience. Aimed particularly at media and technology professionals, the homes cater to families in search of high-quality residences in the heart of Diriyah.
Upon its completion, Diriyah is projected to house over 18,000 residential units, accommodating more than 100,000 residents. This development draws inspiration from the architectural legacy of the birthplace of the first Saudi state.
Group CEO of Diriyah Company, Jerry Inzerillo, articulated the importance of this launch, stating, “Manazel AlHadawi represents a pivotal milestone in Diriyah Company’s journey, as it is a fully in-house residential development that reflects the maturity of our capabilities and the strength of our integrated urban ecosystem.”
Inzerillo further emphasized, “It embodies our commitment to delivering premium homes that capture the authentic spirit of Diriyah while offering an elevated, modern living experience rooted in quality, design excellence, and a deep sense of place.”
Cityscape Global 2025 Deals
The newly launched homes will incorporate advanced infrastructure and smart city technologies, ensuring efficient, sustainable, and future-ready living conditions, which are integral to Diriyah’s residential strategy. The development encompasses two residential areas within the expansive district.
In addition to the residential launch, Diriyah Company has secured three significant contracts worth $1.5 billion (SR5.7 billion) focused on residential, commercial, and infrastructure development.
BEC Arabia Contracting Company has been awarded two contracts in the Media and Innovation District:
- The South Offices project, aimed at delivering cutting-edge office spaces for global media networks and creative agencies.
- The Manazel AlHadawi plots, crafted to support the district’s growing community of professionals and families.
Almabani General Contractors has been entrusted with the King Khalid Road Main Works contract, a vital infrastructure project designed to improve connectivity and enhance the integration of Diriyah’s many districts.
Diriyah Media and Innovation District
Announced during MIPIM in Cannes in March 2025, Diriyah’s Media and Innovation District is envisioned as a central hub for global media networks, creative agencies, and professionals seeking cutting-edge infrastructure, sustainable design, and community amenities of the highest quality.
The $63.2 billion (SR236.96 billion) urban development program for Diriyah continues to make significant strides, with over $27 billion in construction contracts awarded thus far. The completed project is expected to contribute approximately $18.6 billion (SR70 billion) annually to Saudi Arabia’s GDP and create more than 180,000 job opportunities.
The ambitious development plan includes museums, shopping districts, a university, the Royal Opera House, the Diriyah Arena, diverse restaurants, and nearly 40 top-tier hotels and resorts. Additionally, the district will feature the Royal Golf Club and Wadi Safar, which hosts a Greg Norman-designed championship course, along with the Royal Equestrian and Polo Club.