Cityscape Global 2025, the world’s largest real estate exhibition, has opened in Riyadh with real estate deals worth staggering $43 billion announced in just the first 2 days.
The event is highlighting Saudi Arabia’s first ever tokenisation of a real estate title deed, rapid urban transformation, and growing housing demand.
The exhibition reflects Saudi Arabia’s push toward shaping the future of smart cities and building a modern tech driven real estate economy.
Opening of Cityscape Global 2025
The Cityscape Global 2025 exhibition, running under the theme “The Future of Urban Living,” has officially commenced in Riyadh, marking a huge milestone in the real estate sector.
This year’s event has already made headlines by announcing an impressive $43 billion in real estate agreements within just the first two days.
This exhibition not only showcases the Kingdom’s commitment to urban development but also highlights its innovative strides in the realm of property tokenisation. Cityscape Global is serving as a pivotal platform for investors, developers, and industry experts to explore the future of real estate.
$43 Billion in Deal at Cityscape Global
The exhibition has attracted a diverse array of stakeholders, including local and international developers, investors, and urban planners.
The sheer volume of deals announced underscores the confidence in the Saudi real estate market. With over $43 billion in signed agreements, the event has established itself as a crucial venue for fostering investment opportunities.
Saudi Arabia’s urban transformation is not just about infrastructure; it’s about meeting the housing demands of its citizens. The Kingdom’s five major cities are projected to require more than 1.5 million housing units by 2030, with Riyadh alone needing approximately 731,000 units.
This growing demand underscores the need for innovative housing solutions and effective urban planning strategies.
Announcing Tokenisation at Cityscape Global
One of the most groundbreaking announcements at Cityscape Global 2025 is the Kingdom’s first-ever tokenisation of a real estate title deed. This initiative positions Saudi Arabia at the forefront of digital real estate innovation.
What is Tokenisation?
Tokenisation refers to the process of converting ownership rights of a real estate asset into a digital token on a blockchain. This technology enhances transparency, security, and efficiency in property transactions.
By adopting tokenization, Saudi Arabia is not only modernizing its real estate sector but also attracting tech-savvy investors seeking innovative investment opportunities.
Implications for the Real Estate Market
Introducing tokenised real estate could revolutionise how properties are bought, sold, and managed. It allows for fractional ownership, enabling more investors to participate in the real estate market. This democratization of property investment could lead to increased liquidity and a broader investor base.
Key Agreements and Partnerships
Cityscape Global 2025 has witnessed several high-profile agreements that reflect the Kingdom’s commitment to enhancing its real estate landscape.
National ing Company and Mountain View
One of the standout deals was between the National Housing Company (NHC) and Egypt-based Mountain View, which signed a SR2.64 billion agreement to develop an integrated real estate project in Riyadh’s Al-Fursan district.
This project will encompass over 930,000 square meters and include nearly 1,923 residential units, contributing significantly to the Kingdom’s housing supply.
Collaboration with Hassan Allam Holding
In another significant partnership, NHC entered a SR3 billion agreement with Hassan Allam Holding for a mixed-use development in Riyadh’s Khozam district.
This project will span over 200,000 square meters and feature 2,600 residential units, along with commercial components, further diversifying the region’s real estate offerings.
Makkah Gate Development
A notable agreement was signed with Turkish developer Emlak Konut for the Makkah Gate project, covering 255,000 square meters and including over 1,000 residential villas.
This partnership not only strengthens investment ties between Saudi Arabia and Turkey but also showcases the Kingdom’s openness to international expertise in real estate development.
MoU with Almana Group of Hospitals
The Ministry of Municipalities and Housing signed a memorandum of understanding with Almana Group of Hospitals to explore investment opportunities that integrate health services within urban environments.
This collaboration aims to enhance the quality of life for residents by ensuring access to essential health facilities.
Sports and Urban Landscape Enhancement
Additionally, an MoU was signed between the Ministry of Municipalities and Housing and the Ministry of Sports to develop urban spaces that cater to sports and recreational activities. This initiative aims to create vibrant public spaces that foster community engagement and promote overall well-being.
The Future of Smart Cities
As Saudi Arabia continues to embrace technological advancements, the concept of smart cities is becoming increasingly relevant.
The rapid digital transformation of the real estate sector is evident in the adoption of PropTech solutions, artificial intelligence, and modern construction methods. These innovations are enhancing project management and planning, making the real estate process more efficient and transparent.
The focus on smart cities aligns with the Kingdom’s broader goals of sustainability and environmental responsibility. By integrating technology into urban planning, Saudi Arabia aims to create communities that are not only livable but also environmentally friendly.
Shaping the Future of Real Estate
Cityscape Global 2025 has set the stage for a transformative era in Saudi Arabia’s real estate sector. With significant investments, groundbreaking innovations such as tokenization, and a commitment to sustainable urban development, the Kingdom is set to redefine the future of urban living.
As the exhibition continues, it will undoubtedly boost further growth and innovation in the real estate market, attracting global attention and investment.
Planned Real Estate Projects in Riyadh
Dar Global and Mouawad’s Villa Project
Dar Global, an international real estate developer, has partnered with luxury jeweler Mouawad to unveil a $235 Million Villa Project in North Riyadh, close to the World Expo 2030 site.
The development will include 200 exquisite villas, similar to the prestigious Bulgari Residences, and aims to boost Riyadh’s reputation as a top luxury destination.
Scheduled for completion in 2026, this project represents Dar Global’s debut in Saudi Arabia and Mouawad’s entry into the real estate market.
The Avenues Riyadh
The highly anticipated Avenues Riyadh project, valued at $4.58 billion, has reached 44.5% completion and is scheduled to open in early 2026.
Situated in northern Riyadh, this iconic development, inspired by Salmani architecture, will cover 390,000 square meters and host one of the Middle East’s largest malls.
It will also feature three luxury hotel towers: Waldorf Astoria, Canopy by Hilton, and Conrad. This project supports Saudi Vision 2030’s goal of making Saudi Arabia a leading global tourist destination.
New Murabba
The most recent video demonstrates significant advancements in the construction of the New Murabba, the largest contemporary downtown in northwest Riyadh.
A remarkable 5 million cubic tonnes of soil have already been removed, and the project is making notable headway.
This ambitious venture covers an area of 19 square kilometers and will include the distinctive cube-shaped Mukaab at its heart, capable of holding 20 Empire State Buildings.
Elie Saab Branded Residences
Dar Al Arkan, a prominent real estate company in Saudi Arabia, has recently introduced the inaugural Elie Saab Branded Residences in Riyadh.
These residences, known as Etoile by Elie Saab, are situated within the SEDRA community in northern Riyadh, in close proximity to King Khalid International Airport.
SEDRA stands out as one of Riyadh’s highly sought-after developments, spanning an expansive 20 million square kilometers.
It is an integral part of the ROSHN Giga project, fully owned by the Public Investment Fund (PIF). ROSHN has a strategic goal of increasing the homeownership rate among Saudi citizens to 70% by the year 2030.
With these transformative projects, Riyadh, one of the world’s top 15 fastest-growing cities, is transforming into a city known for its accessibility and quality of life to become among the world’s top 10 cities with an investment of $1 trillion over the next seven years.
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