Roshn, a Saudi Public Investment Fund (PIF)-owned developer, has begun handing over villas and townhouses in Phase One of its flagship Sedra complex in northern Riyadh. The company stated that it is completing its first project in the Kingdom ahead of time.
The developer said that Sedra will be built in eight phases in the capital’s northern corridor and will feature an ‘open living’ design principle centered on public spaces, green areas, communal facilities such as local majlis, and ‘living’ streets with curb-less roads and homes without perimeter walls.
The project, when completed, will add more than 30,000 residential units to Riyadh’s housing stock and provide 20 million square meters of integrated neighborhoods, supported by education and healthcare infrastructure, retail outlets, restaurants, parks, shaded footpaths, cycle tracks, and meticulously tended green spaces.
Once the project is fully complete, it will add more than 30,000 residential units to Riyadh’s housing stock
According to Group CEO David Grover, new homeowners are receiving keys and title deeds to Sedra Phase 1 villas and townhouses, making them the first to take possession of homes in the Roshn community. “This handover is a momentous occasion not just for us but for the Kingdom at large. While this marks another step on our journey to provide high-quality homes to the Saudi people, we are also driving change, creating a new concept of living, and adding to the quality of life of our citizens and residents.
“Sedra will be the first project that sees our vision for the future become a reality on the ground, and I’m excited for our first residents to experience the Roshn way of life,” he concluded
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