What is the total value of the Élevée project?

The Élevée project by ZOOD Real Estate is valued at 2.5 billion Saudi riyals, which is approximately $667 million.

Where is the Élevée development located in Riyadh?

Élevée is located in north Riyadh, strategically positioned to serve the demand for properties near the capital's main financial district.

What kind of properties will Élevée offer?

Élevée is a mixed-use development, offering both residential housing and office spaces across its eight towers.

What is driving the demand for new developments in Riyadh?

Demand is driven by the significant number of regional headquarters establishing in Riyadh, with 90 percent choosing the capital as per 2024 Ministry of Investment figures, leading to increased need for homes and offices.

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Development·19 October 2026

ZOOD Real Estate Launches Élevée, an Eight-Tower Mixed-Use Project in North Riyadh

Saudi developer ZOOD Real Estate has launched Élevée, a 2.5 billion riyal ($667 million) mixed-use development in north Riyadh, featuring eight towers designed to meet demand for housing and offices near the capital's fi

Saudi developer ZOOD Real Estate has unveiled its latest project, Élevée, an eight-tower mixed-use development situated in north Riyadh. The project, valued at 2.5 billion Saudi riyals (approximately $667 million), aims to address the growing demand for residential and commercial properties in close proximity to Riyadh's primary business district.

The launch comes as Riyadh experiences significant growth, driven by the Kingdom's economic diversification efforts. According to 2024 figures from the Ministry of Investment, approximately 90 percent of the regional headquarters licensed in Saudi Arabia have chosen Riyadh as their base. This influx of businesses is a key factor pushing demand for new developments in areas surrounding the financial district.

Élevée is designed to cater to both housing and office needs, capitalising on the strategic location to attract professionals and companies looking for modern facilities within easy reach of the capital's commercial hub.

Frequently asked

Questions, answered

What is the total value of the Élevée project?: The Élevée project by ZOOD Real Estate is valued at 2.5 billion Saudi riyals, which is approximately $667 million.
Where is the Élevée development located in Riyadh?: Élevée is located in north Riyadh, strategically positioned to serve the demand for properties near the capital's main financial district.
What kind of properties will Élevée offer?: Élevée is a mixed-use development, offering both residential housing and office spaces across its eight towers.
What is driving the demand for new developments in Riyadh?: Demand is driven by the significant number of regional headquarters establishing in Riyadh, with 90 percent choosing the capital as per 2024 Ministry of Investment figures, leading to increased need for homes and offices.

Reported by

Nakheel — Company News

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This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.

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