Cayan Group, a leading property developer in the Middle East, has announced the launch of the Samaya mixed-use project in Riyadh, estimated at around SR1 billion.
The project is spread over an area of 1 million square meters in Erga in northwestern Riyadh. It is close to the Diplomatic District, overlooking the Wadi Hanifa.
The region is characterized by picturesque views of the plains, mountains, and gardens.
Ahmed Alhatti, chairman of Cayan Group, said: “We believe Samaya will provide the ultimate luxury and relaxation in modern residential living. As such, we are encouraged by the positive response the pre-launch and official sales launch has received. It bears good testimony to our brand’s identity of quality and iconic designs.”
The mixed-use project includes residential and commercial land, in addition to all the basic amenities such as schools, mosques, sports clubs, and many public and recreational facilities.
On-site work has started and is going according to plan. The excavation contract was awarded shortly after Cayan received the project’s permits.
Alhatti added: “We are pleased to get Samaya off the ground. There is a long way to go before we can deliver this project to the public but we remain excited by the scale and plans we have for Samaya.”