Four Seasons Private Residences Diriyah sits in the branded tier of one of the most deliberately scarce residential markets in the Gulf. Diriyah Company sells its branded lines through the master developer rather than a fragmented resale market, and the branded set is small by design: a few hundred units in total across The Ritz-Carlton Residences, Baccarat, Corinthia, Raffles and now Four Seasons. Nothing in Diriyah has handed over yet, so there is no secondary market to read.
The counterparty structure is worth understanding before the numbers arrive. Diriyah Company is the master developer and is owned by the Public Investment Fund. Midad is the developer on this scheme and is a privately held Saudi company headquartered in Riyadh, with more than twenty years in the market and a delivered record in Jeddah commercial and residential property. Four Seasons is the operator: it runs the building to its own standard under a management agreement, and it does not build the asset or carry the construction obligation. Your sale agreement names the developer, not the brand on the door.
Do not confuse this with Four Seasons Hotel and Private Residences Jeddah at the Corniche, which is a separate Midad scheme on the Red Sea and is further along. They share a developer and an operator and nothing else. Wadi Safar, the 62 square kilometre resort masterplan next to Diriyah, carries no Four Seasons at all.
What we can tell you today is the deal, the site, the operator and the context. What we cannot tell you is the price, the mix or the handover, because none of it exists publicly. When it does, this page carries it first.