Diriyah Company Launches 239 Premium Homes in New Manazel AlHadawi Residential Area Alongside Major Contract Awards Worth $1.5 Billion (SAR 5.7 Billion)
Diriyah Company has announced the launch of 239 premium homes in the new Manazel AlHadawi residential area at Cityscape Global 2025. This is the first release of properties planned within its flagship Media and Innovation District.
The new homes will include one bedroom studio apartments, two-bedroom and three-bedroom houses, and four-bedroom duplex properties, with the prices starting from 1.6 million SAR. The new properties celebrate Saudi heritage, seamlessly blending traditional architectural themes with contemporary design to create living spaces that are both timeless and innovative.
They will benefit both media and technology professionals who will be working in the new district and families looking for a desirable home in Diriyah offering an unparalleled quality of life.
The launch marks the first in what will eventually be more than 18,000 residential properties for over 100,000 residents in Diriyah’s City of Earth that have been inspired by the centuries-old Najdi architectural traditions of the birthplace of the first Saudi state.
Commenting on the launch, Diriyah Company Group CEO Jerry Inzerillo said: “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. 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.
This new chapter reaffirms that Diriyah is a testament to our history, and a living vision for the future: a future that continues to set new benchmarks for world-class, people-focused urban living.”
The new residential homes will benefit from advanced infrastructure and smart city technologies that are underpinning every aspect of Diriyah’s residential strategy, ensuring efficient, sustainable and future-ready living. The homes will be divided into two residential areas within the larger district.
Alongside the new residential offering launch, Diriyah Company also announced three major contract awards covering residential, commercial, and infrastructure developments, totaling to $1.5 billion USD (5.7 billion SAR).
BEC Arabia Contracting Company has been awarded the contract for the Media and Innovation District - South Offices. This project, located within the Media and Innovation District, will deliver state-of-the-art office spaces to support global media networks and creative agencies. Also, within the Media and Innovation District, BEC Arabia Contracting Company has secured the contract for the Manazel AlHadawi plots, which will further expand the district’s residential offering, supporting the growing community of professionals and families.
Additionally, and as a testament to Diriyah’s comprehensive infrastructure progress, Almabani General Contractors has been awarded the King Khalid Road Main Works contract. This critical infrastructure project will enhance connectivity and accessibility, supporting the seamless integration of Diriyah’s districts.
These latest announcements demonstrate the progress of Diriyah Company’s $63.2 billion urban development program in building a new contemporary human-centric place to live, work and play on the outskirts of Riyadh.
Diriyah’s Media and Innovation District was announced at MIPIM in Cannes in March 2025 to serve as a new home for global media networks, creative agencies, and professionals seeking a collaborative ecosystem with state-of-the-art infrastructure, designed to promote sustainability and provide an exceptional quality of life.
Diriyah, the $63.2 billion integrated urban development, has now awarded over $27 billion in construction contracts. Once complete, Diriyah will contribute approximately $18.6 billion (SAR 70 billion) directly to the Kingdom’s GDP, create more than 180,000 jobs and will be home to an estimated 100,000 people.
It will also include museums, shopping districts, a university, the Royal Diriyah Opera House, the Diriyah Arena, a variety of food and beverage outlets, and nearly 40 world-class resorts and hotels spanning its two main masterplans. Additionally, Diriyah will include the Royal Golf Club, Wadi Safar, home to a Greg Norman–designed championship golf course and the Royal Equestrian & Polo Club, Wadi Safar.
