Heritage & History

Al Akaria was established by royal decree in 1976 and has been a leading Saudi real estate development company since its inception. During the past 34 years Al Akaria has designed, constructed, maintained and managed various residential and commercial buildings including:

  • 1200 modern apartments in 9 residential compounds (the first gated compound in KSA) – all with modern facilities.
  • Residential and commercial complexes at Siteen Street – which was the heart of Riyadh during the 1970’s).
  • 305 luxurious residential units in the Diplomatic Quarter area comprising of villas, duplexes and apartments.
  • As a semi-government real estate company, Al Akaria executes a number of prestigious buildings including Saudi Embassies in the Gulf regio.
  • Infrastructure development for an area of 1.2 million m² of land in Riyadh.
  • Akaria 1 – first mall in Middle East in the (1970s).
  • Akaria 2 & Akaria 3 – Mixed used commercial complex consisting of office and retail space.
  • The Plaza – first smart building in the KSA (2009)

Creating new History:
New and upcoming projects

  • Al Akaria Village – a semi-gated development, situated just north of Riyadh on over 2 million m² of land offering residential units, commercial space as well as retail and leisure amenities integrated into one community
  • Al Akaria Residences is the second project of Al Akaria at the Diplomatic Quarter, consisting of 360 luxurious residential units comprising of villas, duplexes and apartments.
Saudi Real Estate Company (Al Akaria)