Omnia MarketsLaunch · Saudi Arabia · Riyadh
Al Woroud starts building Malfa Living in Riyadh’s Al Aarid.
Sabq reported in Arabic that the gated rental scheme carries 125 million riyals of investment and 87 homes on 8,434 square metres.
On 9 November 2026 Sabq, in an Arabic dispatch, said Al Woroud Real Estate Investment had begun construction on Malfa Living Riyadh in Al Aarid, north of the capital. The company put total investment at 125 million Saudi riyals. The scheme is a private gated community designed in the Salmani style and is aimed at rental stock rather than outright sale.
According to the same report, the project holds 87 residential units for lease on a plot of 8,434 square metres. Unit types run from one to three bedrooms, with sizes from 48 to 140 square metres. Shared facilities listed include a gym, a pool, children’s areas, a business centre, a multi-use hall and hotel-style residential services. Chief executive Abdullah Kamel said the scheme sits inside the firm’s strategy to own and manage income-producing residential assets and to keep long-term appeal for residents.
Sabq said construction is expected to finish in the fourth quarter of 2028. On completion, Al Woroud’s managed residential and commercial units would exceed 450. The report did not give unit rents, a sales timetable for freehold buyers, or a foreign-ownership path for the homes.
From the JournalGated communities in Riyadh: how private living is being rebuilt.Our take
Omnia Desk
Rental gated stock in Al Aarid; freehold maps still decide what you can hold.
Malfa Living Riyadh is a build-to-rent compound, not a freehold launch on Omnia’s list. Al Woroud is keeping the 87 units and running them for income. That adds northern rental supply and a named gated product buyers can watch for rent comps, but it does not widen what a non-Saudi can buy freehold.
Our catalogue still centres other names and formats. Off-plan Wafi stock such as Khayala by Al Majdiah starts from SAR 266,799; completed stock such as Sadu by Al Majdiah starts from SAR 1,919,000. None of those bands is reset by a retained rental pipeline in Al Aarid. For private living context, our guide to gated communities in Riyadh remains the frame; this scheme fits the walled-enclave trend without changing ownership rules.
The check for a foreign buyer is unchanged: freehold maps and published price bands first, then whether a given northern address is even offered for sale. A 2028 rental completion date is a supply marker, not a title path.
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