Rikaz Properties

What Rikaz Properties does

RIKAZ is a heritage-rich Saudi Arabian real estate developer established in 1997 and headquartered in Al Khobar, operating a diversified portfolio of residential, mixed-use, logistics, and hospitality developments across Saudi Arabia. The company develops large-scale master-planned communities, gated residential subdivisions, branded hospitality properties, and industrial/logistics parks serving high-net-worth individuals, institutional investors, government entities, and corporate/industrial tenants. Its land bank exceeds 4.1 million square meters across major projects including The Node logistics hub (2.96M sqm, in partnership with Arcapita), Q Node, ROA'A, Abyat Al Khobar, Abyat Views, Dhahran Hills, Khuzama Hills, and Abyat. The company generates revenue through one-time residential and commercial property sales, recurring hospitality operations (including the Marriott Bonvoy Autograph Collection-branded RIKAZ Tower), commercial leasing, and real estate fund management (including a SAR 300M logistics fund with Logistiya and Forsa Capital).

The company's core technology is not digital but operational and physical, centered on master-planned community design, large-scale infrastructure delivery (utility networks, roads, underground utilities), and branded real estate development through architectural partnerships with firms like PLP Architecture and hospitality partnerships with Marriott Bonvoy. RIKAZ operates through partnership and joint-venture models including BOOT, BOO, BOT, and BT structures, and through its ZAYA Developments subsidiary launched in October 2024 with a SAR 600M mandate for residential and commercial projects. The go-to-market motion is enterprise field sales targeting large buyers and institutional investors, supplemented by major industry exhibitions (Cityscape Global, Future Hospitality Summit) where the company has signed deals worth over SAR 440M in hospitality and generated USD 1.6B+ in opportunities at a single 2025 event. RIKAZ maintains geographic operations in the Eastern Province (Al Khobar, Dhahran), Riyadh, and the Aseer region, and has received multiple industry awards including MIPIM, Arabian Property Awards (2014-2024), and Arabian Business Awards 2016 Residential Company of the Year.

Name

Rikaz Properties

Legal name

RIKAZ

Website

https://rikaz.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

RIKAZ is a heritage-rich Saudi Arabian real estate developer founded in 1997 that builds master-planned residential communities, logistics parks, mixed-use developments, and branded hospitality properties. It serves high-net-worth buyers, institutional investors, government entities, and corporate tenants across the Eastern Province, Riyadh, and Aseer.

Ownership category

akta.pro rank

Headquarters

HQ city

Al Khobar

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Real Estate Development Sales: RIKAZ generates primary revenue through the sale of residential plots, villas, townhouses, and commercial units across its various developments. Projects include gated residential communities, mixed-use properties, and branded residences sold to end-users and investors.
2. Hospitality Operations: Revenue from hotel operations including branded residences (Marriott Bonvoy Autograph Collection) and hotel apartments operated by international hospitality brands. Includes recurring revenue from lodging, food & beverage, and hospitality services.
3. Commercial Leasing: Income from leasing commercial spaces including retail outlets, office premises, and warehouse/logistics facilities within mixed-use developments and logistics parks.
4. Real Estate Fund Management: Partnership with Logistiya and Forsa Capital to launch SAR 300 million logistics real estate fund, generating management fees and carried interest.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Rikaz Properties (RIKAZ) is a Saudi Arabian real estate developer that plans, builds, and sells large-scale residential communities, mixed-use developments, industrial and logistics parks, and hospitality destinations. Its offering includes master-planned gated residential communities, premium apartments, branded residences operated under international hotel brands such as Marriott Bonvoy, logistics and industrial parks built-to-suit for corporate tenants, F&B and hospitality clusters, and private members' clubs.

Product overview

RIKAZ is a heritage-rich, large-scale real estate developer established in 1997, operating a diversified portfolio of residential, mixed-use, logistics, and hospitality developments across Saudi Arabia. The company's product portfolio includes industrial/logistics hubs (The Node with 2.96M sqm and Q Node with 400,000 sqm in Riyadh), large-scale residential communities (Abyat Al Khobar 700,000 sqm, Abyat Views 107,271 sqm, ROA'A 4.1M sqm), premium residential (SAKAYA 165 units), mixed-use developments (Dhahran Hills 276,491 sqm, UPVIDA 260 apartments), hospitality (RIKAZ Tower with Marriott Bonvoy's Autograph Collection), luxury F&B clusters (UPSCALA), private clubs (KAFD Private Club), resort destinations (Mafali Urban Resort, TANOMAH, Khuzama Hills, Al Qaraa). The company operates through its ZAYA Developments subsidiary for residential/commercial projects and serves institutional investors through partnership models including BOOT, BOO, BOT, and BT structures.

Differentiator

Problem solved

Functional benefit

Brands

• ZAYA Developments: Subsidiary of RIKAZ focused on premium residential development, including the SAKAYA project in Al Khobar.
• RIKAZ Industrial

Products and services

• The Node Premier industrial and logistics hub in Riyadh spanning 2,958,344 sqm, aligned with Vision 2030, connecting to the city's commercial hub and offering business headquarters, warehouses, and distribution centers for construction, supply chain, and e-commerce companies.
• Q Node Logistics hub extension of The Node in Riyadh's East Corridor spanning 400,000 sqm, providing build-to-suit units for international blue-chip companies expanding in the Middle East across logistics, supply chain, and e-commerce sectors.
• Abyat Al Khobar Large-scale mixed-use development in Aziziya, Al Khobar spanning approximately 700,000 sqm of land, offering commercial and residential subdivisions with completed infrastructure including all utility networks and services.
• Abyat Views Gated residential community in Al Aziziya, Khobar on a 107,271 sqm site featuring 366 residential plots (villas and townhouses) with 90% residential allocation and a 30% commercial building footprint, sold under the Wafi Government Housing Program.
• SAKAYA Premium residential project by ZAYA Developments in Al Bandariyah, Khobar, comprising a five-building development on 37,000 sqm with 165 units of 2–3 bedroom apartments (100–170 sqm) and rooftop penthouses, with amenities including a social lounge, infinity pool, kids' play area, and jogging track.
• RIKAZ Tower Mixed-use hospitality tower in Al Yarmouk, Khobar on Amir Turki Street, a 32,400 sqm development featuring 150 hotel keys and 80 branded residences under Marriott Bonvoy's Autograph Collection, offering views of the Arabian Gulf and Khobar Water Tower.
• UPVIDA Modern residential community in Qurtoba, Khobar near the Dammam-Khobar Highway, featuring 12 buildings with 260 residential apartments (1–3 bedroom and penthouse units) plus 185 hotel apartments operated by an international hospitality brand and 10 commercial outlets.
• Dhahran Hills Mixed-use development west of Dhahran along GCC Road spanning 276,491 sqm, offering upscale living near Aramco with 272 investment plots, with infrastructure works in progress.
• 1.15 KAFD Private Club First private business club in Saudi Arabia located in KAFD, Riyadh, a 2,800 sqm exclusive platform for networking, business ventures, and work-related socials, offering membership by invitation only for world and business leaders.
• Khuzama Hills Distinctive mixed-use destination in the Aseer region between Abha and Khamis Mushait spanning 453,503 sqm, with a balanced blend of residential and commercial uses designed as an integrated investment ecosystem supporting living, business, and tourism growth.
• Mafali Urban Resort Premium standalone hospitality destination in Riyadh spanning 6,393 sqm, a climate-responsive urban retreat with 58 classic lodges, 30 tree houses, and 10 oasis tents featuring sustainable landscape strategies and innovative cooling solutions for wellness and lifestyle travelers.
• UPSCALA Luxury commercial F&B cluster in Downtown Al Khobar on King Faisal Ibn Abdulaziz Road, a 2,200 sqm development with eight F&B units, modern contemporary architecture with ground and upper floor stores, and dedicated parking.
• TANOMAH Hospitality lifestyle destination in the Aseer region including Jabal Abdullah (adventure and outdoor hospitality with premium lodging and a sports center) and Al Heefa (a family-oriented resort with 120 family lodges in a natural park setting).
• ROA'A Large-scale mixed-use destination in southern Al Khobar spanning 4,100,322 sqm with 5,059 plots for residential and commercial developments, including investment plots for public facilities such as schools and hospitals, with all infrastructure and underground utilities fully developed.
• Al Qaraa Tourism and hospitality destination in the Aseer region developed by Aseer Investment Company featuring a 150-room four-star hotel and 50 luxury residential units, located 20 minutes from Abha International Airport and blending culture, culinary arts, and rural tourism with modern hospitality.

Quantifiable outcome

• Over USD 1.6 billion in business opportunities generated at Future Hospitality Summit Saudi Arabia 2025
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and secondary.

• PLP ArchitecturecoreStrategic or Co-development Partner · 20 November 2025Strategic partnership to launch a luxury tower combining premium hospitality and high-end residential living in Al Khobar. PLP Architecture serves as the design and architecture partner for this flagship mixed-use development featuring hospitality and residential components.
• ZAYA DevelopmentscoreStrategic or Co-development Partner · 31 October 2024ZAYA Developments, a subsidiary or affiliated entity, is responsible for developing residential and commercial projects including SAKAYA premium residential development. RIKAZ launched ZAYA with total investments of SAR 600 million for residential and commercial developments.
• ArcapitacoreStrategic or Co-development Partner · 19 February 2024Partnership with Arcapita to develop The Node, a world-class logistics park in Riyadh. Arcapita, a global alternative investments firm, provides investment expertise and capital for the development of this major logistics hub aligned with Vision 2030.
• Marriott Bonvoy (Autograph Collection)coreStrategic or Co-development PartnerRikaz Tower is designed under the prestigious Autograph Collection by Marriott Bonvoy. This partnership brings international hospitality branding, marketing reach, and operational standards to the luxury tower development featuring 150 hotel keys and 80 branded residences.
• International Hospitality Brand (for UPVIDA)secondaryStrategic or Co-development PartnerUPVIDA development includes 105 hotel apartments (later specified as 185 units) operated by an international hospitality brand, bringing professional hospitality management to the residential community.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Aldar Properties: UAE-based large diversified real estate developer and asset manager with expanding Saudi footprint. Broad incumbent offering premium residential, hospitality, and mixed-use projects relevant to RIKAZ's branded premium segment.
• Emaar Properties: UAE-headquartered global real estate developer with major Saudi operations including mega-projects. A broad incumbent operating at significantly larger scale but overlapping on premium residential and hospitality product.

Direct peers

• Dar Al Arkan Real Estate Development: Largest publicly listed Saudi real estate developer. Operates mixed-use, residential, and commercial projects across Saudi Arabia with a similarly diversified portfolio targeting domestic end-users and investors, directly comparable to RIKAZ's positioning.
• Saudi Real Estate Company (Al Akaria): Listed Saudi real estate company developing residential, commercial, and mixed-use projects. Directly comparable as a Saudi-focused developer with similar mixed-use product offering and long operating history.
• ROSHN: PIF-backed Saudi national housing developer building master-planned communities. Competes with RIKAZ on residential supply in Saudi Arabia, particularly under government housing programs, and shares Vision 2030 alignment and large-scale master planning.
• Jabal Omar Development: Saudi mixed-use developer focused on hospitality and residential near Makkah. Comparable in its hospitality-real-estate integration and Vision 2030 tourism exposure, particularly relevant as RIKAZ expands in Aseer and hospitality segments.
• Emaar The Economic City (Knowledge Economic City): Saudi economic city developer building master-planned destinations. Comparable in large-scale mixed-use development with residential, commercial, and industrial components across Saudi Arabia.
• Retal Urban Development: Saudi developer of mixed-use and residential communities. Comparable mid-sized private Saudi developer with similar geographic focus in Eastern Province-adjacent regions and a focus on integrated community development.

Regional players

• SEDCO Development: Saudi-based real estate arm of SEDCO Holding, focused on mixed-use and commercial developments. Comparable regional private developer with similar Vision 2030 alignment and mixed-use portfolio approach.
• Arriyadh Development Company (ADC): Riyadh-focused real estate developer with mixed-use and residential projects. Comparable as a Saudi developer operating in the same Riyadh corridor where RIKAZ is expanding with The Node, Q Node, and KAFD Private Club.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/rikazinfo
• Facebookfacebook.com/RikazPropertiesKSA

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rikaz Properties