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Saudi Arabia · Riyadh · Al Nakheel
Makanah
One tower of 140 homes, 1.3 km from the financial district.
One advisor, start to finish.
Speak with an advisor£327,052Priced in SAR 1,619,000
Guide price from
1 – 3 bedroom · 96–121 m²
Limited availability
Now selling
Overview
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.
Makanah is a single residential tower in Al Nakheel, Riyadh, about 1.3 km in a straight line from the King Abdullah Financial District. That distance is the reason to look at it. Makanah is the closest of Al Majdiah's Riyadh schemes to the financial district, and it puts 140 apartments and penthouses into one building rather than spreading them across a compound. Al Majdiah, which also calls it Makanah Tower, is selling it off-plan under Wafi.
The homes are compact and consistent. Every listed home has two bathrooms and basement parking, and the apartments on sale sit between the second and eighteenth floors, facing north, east or south. Al Majdiah lists its one bedroom homes at 96 square metres, its two bedroom homes at 98 and its three bedroom homes at 121. The tower's single listed penthouse, at 177 square metres, has already sold.
Sales have moved quickly. Of the 70 homes on Al Majdiah's current listing, 45 had sold and 4 were booked or pre-booked on 1 October 2026, leaving 21 available: ten one bedroom homes, nine two bedroom homes and two three bedroom homes. Two bedroom homes start at SAR 1,619,000, one bedroom homes at SAR 1,749,000 and three bedroom homes at SAR 2,169,000, all before the 5 percent real estate transaction tax.
Makanah also has an answer for buyers from abroad. Al Majdiah lists Makanah among its schemes open to foreign buyers, in a release dated 29 September 2026. That is a statement about the building, not about any one buyer. Whether you can own here still depends on your residency and on the M/14 rules, and Omnia confirms it buyer by buyer before a reservation.
Omnia represents the buyer. We hold the current price book, ask Al Majdiah for the floor plan behind each listed area, check your eligibility under the Saudi ownership rules and handle the reservation with Al Majdiah's sales team in Riyadh.
- Property type
- Residential development
- Bedrooms
- 1 – 3 bedroom
- Interior sizes
- 96–121 m²
- Residences
- 140
DeveloperAl Majdiah
Payment planSold off-plan under Wafi: stage payments go into the project escrow account and are released against certified construction progress. 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 between the second and eighteenth floors, each with two bathrooms and basement parking, facing north, east or south.
Two bathrooms in every listed home
North, east or south outlook
Homes from the second to the eighteenth floor
One bedroom homes
Listed at 96 square metres with two bathrooms, from SAR 1,749,000. Ten were available on 1 October 2026, the largest group left in the tower.
Two bedroom homes
Listed at 98 square metres with two bathrooms, from SAR 1,619,000, the entry point in Al Majdiah's price book. Nine were available on 1 October 2026.
Three bedroom homes
Listed at 121 square metres with two bathrooms, from SAR 2,169,000. Two were available on 1 October 2026, and the single listed penthouse has sold. Ask for these first.
The amenities
In the tower
Basement parking140 apartments and penthousesSold off-plan under Wafi
Why this address
The case for it.
Next door to the financial district.
About 1.3 km in a straight line from KAFD, the closest of Al Majdiah's Riyadh schemes to the city's business core.
One tower, 140 homes.
Apartments and penthouses in a single building, with the homes on sale between the second and eighteenth floors, facing north, east or south.
Listed for foreign ownership.
Al Majdiah's 29 September 2026 release names Makanah among its schemes available to foreign buyers. Omnia still confirms each buyer's eligibility.
A listed developer, under Wafi.
Al Majdiah trades on the Saudi Exchange, and the tower is sold off-plan under REGA's Wafi programme with payments held in escrow.
The investment case
Bought early, held for value.
- 1.3 km
- To KAFD
- straight line
- SAR 1,619,000
- Entry price
- two bedroom, before 5% tax
- 21
- Available
- on 1 October 2026
- 140
- Homes
- in one tower
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 · 21 of 140 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. Al Majdiah lists Makanah among its schemes open to foreign buyers; Omnia still confirms each buyer's eligibility 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 Nakheel
Al Nakheel
24.76° N, 46.65° E
The immediate setting.
- King Abdullah Financial District
- 1.3 km
- King Saud University
- 5.3 km
- Kingdom Centre, Olaya
- 5.5 km
- At-Turaif, Diriyah
- 7.9 km
- King Khalid International Airport
- 23.0 km
In the masterplan
One tower, 140 homesHomes from the second to the eighteenth floorNorth, east or south outlookBasement 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.
The district
Al Nakheel
One of north Riyadh’s established prime villa districts. Quiet, mature and family-first, a short drive north of the Kingdom Centre and the Al Olaya business core, where you buy settled space and schools access rather than new-build upside.
In detail
A closer reading.
Makanah's address in Al Nakheel is defined by what sits around it. From the tower, the King Abdullah Financial District is about 1.3 km in a straight line, King Saud University about 5.3 km, Kingdom Centre in Olaya about 5.5 km and At-Turaif in Diriyah about 7.9 km. King Khalid International Airport is about 23 km away. For someone who works in the financial district, or a tenant who does, that is the proposition in one line: home is a short distance from the office, not a drive across the city.
The developer is Dar Al Majed Real Estate Co., trading as Al Majdiah, founded in 2014 and headquartered in Riyadh. It listed on the main market of the Saudi Exchange under the ticker 4326, with a first trading day of 10 September 2025. The company states it has delivered more than 18,000 homes and 1,300 buildings, and the family's first investment building dates to 1969. Makanah is the only tower among the Al Majdiah schemes Omnia offers; the rest are low-rise apartment buildings, villas and townhouses, so this is the one to consider if you want height and an outlook.
The price list has one feature worth understanding before you compare. Al Majdiah lists the one bedroom homes at 96 square metres and the two bedroom homes at 98, yet the one bedroom homes start higher, at SAR 1,749,000 against SAR 1,619,000 for a two bedroom home. The listed areas and room counts are Al Majdiah's own, so ask for the floor plan, floor and outlook of the specific home before weighing one against another. The three bedroom homes, at 121 square metres from SAR 2,169,000, are the scarcest: two were available on 1 October 2026.
Because Makanah is sold off-plan, the practical questions are timing and eligibility. Al Majdiah has not published a completion date, so ask for the timetable attached to the Wafi licence before you commit. Stage payments go into a project escrow account and are released against certified construction progress. A non-Saudi buyer should also confirm that the developer's foreign-ownership listing fits their own circumstances, and budget roughly 10 percent in combined transaction taxes and fees, plus registration. Omnia confirms both before any money moves.
Questions & answers
What buyers ask us.
What is Makanah Tower?
A single residential tower by Al Majdiah in Al Nakheel, Riyadh, with 140 apartments and penthouses, about 1.3 km in a straight line from the King Abdullah Financial District.
How much does an apartment at Makanah cost?
On 1 October 2026 prices started at SAR 1,619,000 for a two bedroom home, SAR 1,749,000 for a one bedroom home and SAR 2,169,000 for a three bedroom home, before the 5 percent real estate transaction tax.
Can foreigners buy at Makanah Tower in Riyadh?
Al Majdiah lists Makanah among its schemes open to foreign buyers. Under the M/14 law 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 confirms your own eligibility before you reserve.
How close is Makanah to KAFD?
About 1.3 km in a straight line from the King Abdullah Financial District, and about 5.5 km from Kingdom Centre in Olaya.
How many homes are still available?
Twenty-one on 1 October 2026: ten one bedroom homes, nine two bedroom homes and two three bedroom homes. Availability changes weekly, so ask Omnia for the current list.
Are there penthouses for sale?
Not at present. The single penthouse on Al Majdiah's current listing, 177 square metres, has sold.
When will Makanah be completed?
Al Majdiah has not published a completion date. The tower is sold off-plan under Wafi, and the licensed timetable is shared on enquiry.
How are payments made?
In stages under Wafi. Payments go into a project escrow account and are released against certified construction progress. Al Majdiah confirms the schedule for each home when you reserve.
Does every home have parking?
Yes. Every listed home has basement parking.
Which floors are the homes on?
The homes on sale sit between the second and eighteenth floors and face north, east or south. Ask for the floor and outlook of each home before you choose.
How do I reserve a home through Omnia?
Tell us the size, floor and outlook you want. We send the current availability and floor plans, confirm eligibility, and hold the unit 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
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