Saudi Arabia · Makkah · Masar
Ma’ad Tower
Ma’ad Tower is a forthcoming residential tower by Al Majdiah in the Masar destination, Makkah, about 1.7 km in a straight line from the Grand Mosque. Prices and plans are not yet published.
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Developer
Tadawul-listed Riyadh housebuilder
A Tadawul-listed Riyadh developer (4326) building apartments, villas and townhouses for families across Riyadh, Jeddah, Al Khobar and Madinah.
Browse all Al Majdiah developmentsAt a glance
Listed
Saudi Exchange (Tadawul: 4326), 2025
Founded
2014, Riyadh (family building since 1969)
Delivered
More than 18,000 homes (company-stated)
Developed
2.5 million m² (company-stated)
Cities
Riyadh, Jeddah, Al Khobar, Madinah
Role
Al Majdiah is the trading name of Dar Al Majed Real Estate Co., a Riyadh developer that listed on the Saudi Exchange main market in September 2025 under the ticker 4326, after an offering whose institutional book was covered 107 times. The company was formed in 2014, but the family behind it has been building in Riyadh since 1969, when the late Sheikh Abdulrahman bin Nasser Al Majed built his first investment villa. Its business is family housing rather than branded towers: compact apartment buildings numbered by project, gated villa and townhouse compounds, and large neighbourhoods delivered with the National Housing Company, much of it sold off-plan under the Wafi escrow programme. The company states it has developed 2.5 million square metres and more than 18,000 homes. For a buyer, the listing is the point: audited accounts and disclosed contracts make delivery risk easier to read than at most private Saudi developers. Al Majdiah has also begun selling to foreign buyers, closing the first phase of Meshraf Al Majdiah in Madinah to non-Saudi investors in September 2026.
Selected projects
Current portfolio
Saudi Arabia · Makkah · Masar
Ma’ad Tower is a forthcoming residential tower by Al Majdiah in the Masar destination, Makkah, about 1.7 km in a straight line from the Grand Mosque. Prices and plans are not yet published.
Saudi Arabia · Riyadh · Hittin
Teraz is Al Majdiah's coming-soon scheme in Hittin, north-west Riyadh, 2.8 km from At-Turaif in Diriyah. Prices, sizes and unit types are not yet published; register with Omnia for the price book.
Saudi Arabia · Madinah · Al Hadra
Meshraf Al Majdiah is a 412-home scheme of villas and apartments in Al Hadra, east Madinah. Phase one, 304 homes, sold in full to non-Saudi investors. Register through Omnia for the next release.
Saudi Arabia · Jeddah · Al Hamdaniyah
Khayala is a 726-apartment scheme in 21 buildings in Al Hamdaniyah, north Jeddah, built with the National Housing Company. One, two and three bedroom homes from SAR 266,799, sold off-plan under Wafi.
Saudi Arabia · Jeddah · Al Muhammadiyah
Al Basateen Villas is a 32-villa scheme by Al Majdiah in Al Muhammadiyah, north Jeddah: south-facing three bedroom villas of 404 m², from SAR 3,619,000, sold off-plan under Wafi.
Saudi Arabia · Al Khobar · Al Bahr
Al Majdiah 158 is a completed scheme of 116 homes in six buildings in Al Bahr, Al Khobar: 98 apartments and 18 villas. Apartments from SAR 739,100, villas from SAR 2,399,000.
Saudi Arabia · Riyadh · Al Fursan
Adeem Alfursan is a scheme of 540 villas and townhouses in Al Fursan, north-east Riyadh, built in Al Majdiah's portfolio with the National Housing Company. Four bedroom homes from SAR 1,005,535, sold off-plan under Wafi.
Saudi Arabia · Riyadh · Al Janadriyah
Al Mashriqya 2 is a 468-home apartment scheme in 35 buildings in Al Janadriyah, east Riyadh, sold off-plan under Wafi. One three bedroom home remained on 1 October 2026, at SAR 725,330.
Saudi Arabia · Riyadh · Al Rafiah
Rivan Villas is a scheme of 37 four bedroom villas in Al Rafiah, Riyadh, sold off-plan under Wafi from SAR 2,769,000. Seven were available on 1 October 2026, each with a private yard and roof terrace.
Saudi Arabia · Riyadh · Al Nakheel
Makanah is a single tower of 140 apartments and penthouses in Al Nakheel, Riyadh, about 1.3 km from KAFD, sold off-plan under Wafi from SAR 1,619,000. Al Majdiah lists it among its schemes open to foreign buyers.
Saudi Arabia · Riyadh · Al Narjis
Sadu is Al Majdiah's completed compound of 64 Salmani-style three bedroom townhouses in Al Narjis, north Riyadh, with smart home technology, majlis rooms and clubs, from SAR 1,919,000.
Saudi Arabia · Riyadh · Al Narjis
Derwaza is Al Majdiah's completed compound of 70 three bedroom townhouses in Al Narjis, north Riyadh, with ochre facades, glazed internal courtyards and a final two homes from SAR 2,000,000.
Saudi Arabia · Riyadh · Al Faruq
Al Majdiah 163 is a completed scheme of 210 apartments in 14 neoclassical buildings in Al Faruq, east Riyadh, with one, two and three bedroom homes from SAR 579,000.
Saudi Arabia · Riyadh · Al Sulaimaniyah
Jazeel is Al Majdiah's completed compound of 144 four bedroom villas in Al Sulaimaniyah, Riyadh, winner of the 2025 IRAA residential architecture award, with villas from SAR 2,999,000.
Saudi Arabia · Riyadh · Al Nada
Al Majdiah 174 is a 226-apartment scheme in eight buildings in Al Nada, north Riyadh, with two and three bedroom homes from SAR 959,000 and 155 available on 1 October 2026, sold off-plan under Wafi.
Saudi Arabia · Riyadh · Hittin
Al Majdiah 178 is a 158-home apartment scheme in 12 buildings in Hittin, north-west Riyadh, with a health club and garden courtyard, and two and three bedroom homes from SAR 1,459,000, off-plan under Wafi.
Saudi Arabia · Riyadh · Al Rabi
Al Majdiah 183 is a 102-apartment scheme in eight buildings in Al Rabi, north Riyadh, 2.6 km from KAFD, with one, two and three bedroom homes from SAR 1,479,000, sold off-plan under Wafi.
Saudi Arabia · Riyadh · Al Izdihar
Al Majdiah 192 is a 35-home apartment scheme in two buildings in Al Izdihar, north Riyadh, with two and three bedroom homes from SAR 1,059,000, sold off-plan under Wafi.
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