Buy-to-let & hold
Investors
Considering this as an income or capital play? We model rental yield, the payment-plan cash flow and a clear exit before you commit.
Yield modellingCash-flow planExit strategy
Request an appraisalNow selling
1/6
Saudi Arabia · Riyadh · Al Rabi
Al Majdiah 183
A hundred and two apartments in Al Rabi, 2.6 km from the financial district.
One advisor, start to finish.
Speak with an advisor£298,027Priced in SAR 1,479,000
Guide price from
1 – 3 bedroom · 81–263 m²
Limited availability
Now selling
Overview
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.
Al Majdiah 183 is 102 apartments in eight buildings in Al Rabi, north Riyadh, and the figure that defines it is 2.6 km. That is the straight-line distance from the site to the King Abdullah Financial District. Of Al Majdiah's Riyadh schemes, only Makanah in Al Nakheel sits closer. For a household with one foot in KAFD, this is a short daily journey that starts on a low-rise residential street.
The buildings are kept low: a ground floor and up to three floors above it, finished in white under grey mansard roofs, with trees along the street in Al Majdiah's renders. The show interiors are restrained, with cream sofas set against a media wall, a white kitchen with built-in ovens and a dressing room lined in dark glass wardrobes. Most homes include a maid's room, and plans face the front, the side or the gardens.
Outdoor space is spread through the scheme rather than kept for a few homes. Ground-floor homes open onto private yards, upper homes have balconies, and selected top-floor homes take private roof terraces. Those yards and terraces explain the wide size ranges: a one bedroom home runs from 81 to 200 square metres and a two bedroom home from 100 to 263. Most of the homes on sale have a basement parking space; the rest park outdoors.
Al Majdiah's current price list covers 51 of the 102 homes. On 1 October 2026, 23 of those were available, 23 had sold and 5 were booked or pre-booked. One bedroom homes start at SAR 1,479,000, three bedroom homes at SAR 1,529,000 and two bedroom homes at SAR 1,539,000, all before the 5 percent real estate transaction tax. The three entry prices sit within SAR 60,000 of each other, so compare plans, not bedroom counts. The scheme is sold off-plan under Wafi, with payments held in a project escrow account.
Omnia acts for the buyer, not the developer. We keep the live price book, shortlist the plans that fit how you live, including the yard and terrace homes, confirm your eligibility to own, and hold the home with Al Majdiah while you read the contract.
- Property type
- Residential development
- Bedrooms
- 1 – 3 bedroom
- Interior sizes
- 81–263 m²
- Residences
- 102
DeveloperAl Majdiah
Payment planSold off-plan under Wafi: stage payments are paid into the project escrow account and released as certified construction progress is reached. Al Majdiah confirms the schedule for each home at reservation.
However you're buying
Start with the right conversation.
Tell us which of these sounds like you, and an advisor will tailor the brochure, the numbers and the next step to your situation.
Buying to live
Home & second-home buyers
Buying somewhere to live, summer or retire? We match the right residence and handle the purchase and the move end to end.
Right residenceEnd-to-end moveHandover support
Plan your purchaseVisa & residency
Relocating buyers
Investor residency can follow a qualifying purchase. We confirm eligibility and walk you through the route.
Eligibility checkInvestor residencyFamily sponsorship
Check your eligibilityThe residences
Interiors made for living.
One, two and three bedroom apartments from the ground to the third floor, most with a maid's room, with private yards below and roof terraces on selected top-floor homes.
Maid's room in most homes
Private yard on ground-floor homes
Private roof terrace on selected top-floor homes
Balconies on upper floors
Garden-facing plans
One bedroom homes
81 to 200 square metres on the ground to second floors, from SAR 1,479,000. Three were available on 1 October 2026; the larger plans include a private yard or terrace.
Two bedroom homes
100 to 263 square metres across all four floors, from SAR 1,539,000, with ten available. The top of the range carries private roof terraces.
Three bedroom homes
127 to 164 square metres on the ground to second floors, from SAR 1,529,000, with ten available. The tightest size range of the three plan types.
The amenities
In the buildings
Basement parking for 39 of the 51 listed homesOutdoor parking for the restEight buildings, ground to third floorGrey mansard roofs
The setting
Low white buildings under grey mansard roofs.
Why this address
The case for it.
2.6 km from the financial district.
A straight-line 2.6 km to the King Abdullah Financial District and 8.6 km to Kingdom Centre, from a low-rise residential street in Al Rabi.
Eight low buildings, not one tower.
102 homes spread across eight buildings of a ground floor and up to three above, white facades under grey mansard roofs.
Yards, balconies and roof terraces.
Ground-floor homes open onto private yards, upper homes have balconies and selected top-floor homes take private roof terraces.
A listed developer, sold under Wafi.
Al Majdiah trades on the Saudi Exchange as 4326, and stage payments go into a project escrow account under REGA's Wafi programme.
The investment case
Bought early, held for value.
- 102
- Homes
- in eight buildings
- SAR 1,479,000
- Entry price
- one bedroom, before 5% tax
- 23
- Available
- on 1 October 2026
- 2.6 km
- To KAFD
- straight line
All figures are indicative and provided for orientation only, not investment, tax or legal advice. Omnia does not guarantee rental yield or capital growth. Confirm every figure against the developer's current price list before reserving.
Availability
Select your residence.
Last updated October 2026 · 23 of 102 residences available
Bedrooms
ResidencePrice from
Ownership & how to buy
How ownership works.
Who can buy
Saudi nationals buy outright. Since 22 January 2026 the Law of Real Estate Ownership by Non-Saudis (Royal Decree M/14) lets non-Saudis own inside the designated zones REGA publishes on the Saudi Properties platform, and a legally resident non-Saudi, including a Premium Residency holder, may own one home for personal use outside them. Omnia checks the plot against the published map before you reserve.
Off-plan protection
Al Majdiah sells the scheme under Wafi, the off-plan sales programme overseen by the Real Estate General Authority. Buyer payments are held in a project escrow account and released against certified construction progress.
Costs on top of the price
List prices exclude the 5 percent real estate transaction tax. Non-Saudi buyers should budget roughly 10 percent in combined transaction taxes and fees, plus registration, under the M/14 framework.
Figures are indicative. Your advisor prepares a full, itemised cost breakdown for your specific residence and jurisdiction before you commit.
The location
Part of Al Rabi
Al Rabi
24.79° N, 46.65° E
The immediate setting.
- King Abdullah Financial District
- 2.6 km
- King Saud University
- 8.3 km
- Kingdom Centre, Olaya
- 8.6 km
- At-Turaif, Diriyah
- 9.5 km
- King Khalid International Airport
- 19.7 km
In the masterplan
Eight buildings, 102 homesGround to third floorPrivate yards at ground levelBasement parking
The wider picture
The country
Saudi Arabia
Own property in one of the Gulf's most ambitious real estate markets.
The city
Riyadh
The capital is being rebuilt at the scale of a country, and its best addresses are being drawn now.
In detail
A closer reading.
Al Rabi is a residential district in north Riyadh. Measured in a straight line from the scheme, the King Abdullah Financial District is 2.6 km away, King Saud University 8.3 km, Kingdom Centre in Olaya 8.6 km and At-Turaif in Diriyah 9.5 km. King Khalid International Airport is 19.7 km to the north. Al Majdiah describes the site as close to main roads and essential services; our advice is to drive the morning route to your own office before you reserve.
The developer is Dar Al Majed Real Estate Co., trading as Al Majdiah. Founded in 2014 and headquartered in Riyadh, it began trading on the main market of the Saudi Exchange under the ticker 4326 on 10 September 2025. A listed developer answers to shareholders and a market regulator as well as to its buyers, and its accounts are public. That does not replace due diligence on a single scheme, but it narrows the questions you need to ask.
The unit mix covers three plan types. The one bedroom homes run from 81 to 200 square metres between the ground and second floors, and only three were available on 1 October 2026. The two bedroom homes, from 100 to 263 square metres, run from the ground to the third floor, with ten available. The three bedroom homes run from 127 to 164 square metres on the ground to second floors, also with ten available. The larger stated areas include private yards or roof terraces, so compare the internal area on each floor plan.
Three questions matter before you commit. First, timing: Al Majdiah has not published a completion date, so ask for the timetable attached to the Wafi licence. Second, the remaining homes: only 51 of the 102 are on the current price list, and it is worth asking whether more will be released, and when. Third, eligibility: a non-Saudi buyer's position depends on residency and on whether the plot falls inside a zone REGA has designated. Omnia answers all three before any money moves.
Questions & answers
What buyers ask us.
What is Al Majdiah 183?
A 102-apartment scheme by Al Majdiah in eight buildings in Al Rabi, north Riyadh, with one, two and three bedroom homes from the ground to the third floor.
How much is an apartment at Al Majdiah 183?
Prices started at SAR 1,479,000 on 1 October 2026: one bedroom homes from SAR 1,479,000, three bedroom homes from SAR 1,529,000 and two bedroom homes from SAR 1,539,000, all before the 5 percent real estate transaction tax.
Are there apartments for sale in Al Rabi, Riyadh?
Yes. Al Majdiah 183 had 23 apartments available in Al Rabi on 1 October 2026: three one bedroom, ten two bedroom and ten three bedroom homes.
How close is Al Majdiah 183 to KAFD?
2.6 km in a straight line to the King Abdullah Financial District. Kingdom Centre is 8.6 km away and King Khalid International Airport 19.7 km.
When will Al Majdiah 183 be completed?
Al Majdiah has not published a completion date. The scheme is sold off-plan under Wafi, and the licensed timetable is shared on enquiry.
Why are only 51 of the 102 homes on the price list?
Al Majdiah's current price list covers 51 homes, and the rest have not been listed. Ask Omnia whether the remaining homes will be released, and when, before you choose.
How do off-plan payments work at Al Majdiah 183?
In stages under Wafi. Each payment goes into the project escrow account and is released against certified construction progress. Al Majdiah confirms the schedule for your home when you reserve.
Can foreigners buy property in Riyadh at Al Majdiah 183?
Possibly. Non-Saudis may own inside REGA's designated zones, and a legally resident non-Saudi may own one home for personal use outside them. Omnia checks your status and the plot before you reserve.
Is parking included?
Yes. On the current price list, 39 of the 51 homes have a basement space and the rest have outdoor parking.
How do I reserve a home through Omnia?
Tell us the plan type, floor and outdoor space you want. We send current availability and floor plans, confirm eligibility and hold the home with Al Majdiah's sales team while you review the Wafi contract.
Make an enquiry
Speak with an advisor.
Project and unit information, a guided presentation, or a viewing, with a named Omnia advisor from first question to final key.
Omnia private client team
Private client desk
A named Omnia advisor replies within one business day, with no obligation.
Due diligence
Read deeper before you decide.
The render is the easy part. These are the documents and the reading that make for a considered decision, prepared by Omnia or shared on request.
Document
The development dossier
We prepare the current documentation for this development and send it to you as a single file.
Request the dossierGuides
Ownership, plainly
Eligibility, title, ongoing costs and the considerations. What overseas buyers should understand before reserving.
Read the guidesReports & intel
Omnia's reading of the market
Where value is moving across our markets, researched and written by Omnia.
Read the reportsWhy Omnia
The residence is the visible part. The access, the advice and the standing behind it are what make a purchase considered.
Access
We work with buyers who value discretion and reach across significant purchases, including residences released privately, before they are widely marketed.
Independent advice
We work on the buyer's side of the decision, from first viewing to completion and the years that follow.
The whole picture
Availability, documentation, ownership structure and unit selection, considered together, so the decision is made with the full view, not a brochure.
For the long term
We help clients acquire property to hold and pass on, with clear-eyed attention to cost, structure and the considerations that come with off-plan ownership.
More from Omnia
Other addresses of note.
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.
StatusComing soon
Saudi Arabia · Riyadh · Hittin
Teraz
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.
StatusComing soon
Saudi Arabia · Madinah · Al Hadra
Meshraf Al Majdiah
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.
StatusNow selling
Explore our services
However we can help, it's one team.
From the first set of numbers to handover and beyond, pick a thread and we'll pick up the conversation.
Speak with OmniaBuying
Payment plansAvailability & pricingBrochure & floor plansBook a viewing
Investment
Rental valuationCash-flow modellingCurrency & FXResale & exit
Visa & residency
Eligibility checkInvestor residencyFamily sponsorship
After you own
Handover & snaggingRental managementConcierge & serviceMortgage introductions