PIF-owned property developer ROSHN launches sales for Riyadh’s SEDRA Phase 4

Saudi real estate developer ROSHN has opened sales for 1,251 new homes as part of the fourth phase of its northern Riyadh-based SEDRA project.

This phase expands the flagship development by 1.8 million sq. meters, featuring homes near the natural wadi integrated into the SEDRA masterplan, following high demand and sales for homes in the community, the company said.

In October last year, the property developer launched the sales for the third phase of SEDRA, introducing 3,438 new residences and a wide range of amenities within the project.

Announced in 2021, the eight-phase SEDRA project spans 20 million sq. meters and is planned to provide over 30,000 private homes as part of Saudi Arabia’s broader urban development and housing initiatives.

The project is known for its modern residential communities and integrated amenities, contributing to the Kingdom’s Vision 2030 goals of enhancing urban living and promoting sustainable development.

A giga-project under the Public Investment Fund, the company said that the fourth phase of the SEDRA community, located north of the third phase, will provide residents with convenient access to shopping and office areas in the ROSHN Front — a mega business and leisure development.

The area also features various amenities, including the Saudi Sports for All Federation Dome, which is part of a broader partnership between ROSHN and the sports body, aimed at providing year-round, all-weather access to sports facilities for all interests and skill levels.

The project’s name is inspired by the indigenous tree prevalent in Saudi Arabia, symbolizing endurance and aligning with ROSHN’s goal of creating a community that fosters nature preservation and sustainable living in line with Vision 2030.

The company said that around 40 percent of the area is dedicated to green public spaces, pedestrian walkways, and road networks.

ROSHN, with a mandate to raise the rate of homeownership to 70 percent in the country, added that the location is easily reachable via Airport Road and is close to two metro stations.

It is near Princess Nourah bin Abdulrahman University, Imam Mohammad Ibn Saud Islamic University, and King Khalid International Airport, as well as the Saudi Arabia Railways train station.

By 2030, ROSHN plans to develop over 400,000 homes, along with 1,000 kindergartens and schools, and over 700 mosques.

It recently announced a deal to build the Aramco Stadium — a 47,000-seat facility in Al-Khobar. The project is expected to be completed and operational by 2026 and will host national and international events, including the 2027 AFC Asian Cup in January of that year.