TALES BRIDGING THE PAST AND THE FUTURE
Our Story
Dirah Development Company was established through an MOU signed in May 2023 under the patronage of His Highness Prince Faisal bin Abdulaziz bin Ayyaf. The agreement, between Riyadh Holding Company and Riyadh Development Company, serves as a cornerstone for enhancing mutual cooperation, and has led to the launch of several investment initiatives aimed at developing the quality of services in the Dirah area.
About Us
Dirah Development Company specializes in asset development and management, focusing on real estate projects and destinations in the heart of Riyadh. We aspire to become a leading entity in asset development, management, and property management, supporting the urban and economic growth of Riyadh City in the following ways:
Our Strategic Objectives
Our Services
Dirah Development Company specializes in development and asset management, focusing on the development and management of real estate projects and destinations in the heart of the city of Riyadh. Dirah Development Company aims to become a leading entity in asset development and management, supporting the urban and economic growth of Riyadh in the following ways:
Real Estate &
Development Management
Real Estate & Development Management
We focus on real estate opportunities in the region that are directly aligned with our strategic objectives. This process includes analyzing the local market and competition to determine the most feasible and sustainable real estate projects that will maximize returns and achieve growth. We pursue four basic methodologies with the aim of developing our business and achieving our ambitions:
- Acquisitions
- In-Kind Contributions
- Master Lease Agreements
- Property Management
Destination
Management
Destination Management
We aspire to transform the Dirah area into a leading tourist destination through an identity that celebrates Riyadh's cultural diversity by:
- Reviving destinations that evoke nostalgic feelings and preserving them.
- Offering an authentic mix of cultural vitality and commercial sustainability.
- Activating the area year-round and creating a direct connection that leaves an impact on every visitor.
Marketing
Management
Marketing Management
Our Marketing services promote Dirah’s destinations that are being developed as leading sustainable tourist destinations.
- Employing digital platforms for marketing services.
- A comprehensive and integrated approach to destination management.
- Proven track record in organizing successful events.
Facility
Management
Facility Management
As part of our Facilities Management services, we are keen to implement improvement and restoration projects in a way that preserves the authentic heritage of the area. We also adopt a proactive approach to maintenance and repairs to ensure the readiness of facilities and achieve tenant satisfaction.
- Planning and implementing improvement and restoration projects.
- Landscaping management.
- Energy and water resource management in compliance with sustainability standards.
- Ensuring compliance with facility-related regulations and environmentally friendly sustainability standards.
- Collecting rents and fees from tenants.
- Handling maintenance and repair requests from tenants.
- Managing property eviction procedures and handovers at the end of lease contracts.
Leasing
Management
Leasing Management
For our Leasing Management services, we have a specialized team that works on the effective marketing of properties available for rent to attract suitable tenants. We also provide transparent and reliable information and achieve our owners' aspirations by drafting clear and balanced rental contracts.
- Advertising available properties for lease.
- Handling inquiries from potential tenants.
- Organizing and conducting property tours.
- Screening and qualifying potential tenants.
- Preparing and executing lease contracts.
- Resolving disputes between owners and tenants.
- Monitoring and ensuring compliance with lease contract terms.
Our Projects
ExploreLocated in the historic heart of Riyadh near Qasr Al-Hukm and King Fahd Road, our portfolio currently includes three assets: Tameer Wholesale Center, Maigliah Commercial Center, and Dirah Markets.
Maigliah Commercial Center
Maigliah Commercial Center in Riyadh is the first center in the Kingdom designed as enclosed markets. It is also the only market that sells retail products at wholesale prices through, high-end stores catering to all needs.
6+ Million
Visitors
170,000 m²
Total area of rental property
83,000 m²
Commercial Space
24,000 m²
Residential Space
68,000 m²
Office Space
3000
Parking Lots
Become an Investor
Join us in shaping the future of central Riyadh. Partnering with us is an opportunity to embark on a journey that will see you benefit from the extraordinary growth that Riyadh is witnessing. Together, we can unlock avenues of mutual prosperity.
Register Your Interest
