Al Akaria develops residential communities, mixed-use destinations, commercial buildings and managed real-estate assets in Saudi Arabia, serving families, businesses and investors through land acquisition, development, sales, leasing and property management, with projects concentrated in Riyadh and also extending to Jeddah.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
| Project | Overall | Structure & systems | Management & living |
|---|---|---|---|
| Al Olaya Gate 9 development and rehabilitationAl Olaya, Riyadh138 units | 8.2/ 10 | —/ 10 | 7.9/ 10 |
The Google Reviews/Maps building aggregate of 4.3/5 from 92 reviews is the anchor and converts to 7.9/10 under the specified curve. Yango Maps reports 4.5/5 from only 9 ratings, so it cannot replace the anchor under the ten-review rule; structure remains unscored because the published material describes completed works but does not provide a resident structural rating. | Not found in sources: No independent systems testing published · No resident plumbing rating published · No resident HVAC rating published · No resident electrical rating published · No leak or waterproofing feedback published | ||
Al Akaria's 2021 annual report states that Gate 9's rehabilitation and modernization were completed, covering finishes, some electromechanical works, facades and surrounding fences; it also records 138 apartments, a new gym/cafe building and 24-hour security, maintenance and cleaning. The contractor describes the work as renovation of the compound, while resident reviews praise the recent renovation and describe the result as “more like a resort type plan”; no independent resident review located a specific structural, plumbing, HVAC, electrical or leak failure. | Residents commonly praise the renovated setting and amenities: one described it as “Very peaceful and relaxing,” and another listed parking, a swimming pool, playground and BBQ seating. The main operational criticism was specific: “The gym is very poor,” with a report that some security staff used “abusive communication”; these are individual reports rather than recurring themes in the material read. | ||
| Al Olaya Gate 7 residential compound rehabilitationAl Olaya, Riyadh128 units | 7.6/ 10 | —/ 10 | 7.6/ 10 |
The building-level Google aggregate of 4.2/5 from 39 reviews sets the level and converts to 7.6/10 under the specified curve. The review commentary is mixed: amenities and location are repeatedly praised, while security is a recurring moderate complaint. Rehabilitation evidence is historical and confirms an intended Q2 2022 completion, not verified completion by 2026-10-08, so no independent structure score is assigned. | |||
Al Akaria’s 2021 board report says Gate 7’s buildings were old and that rehabilitation had begun, covering finishes, some electromechanical works, façades and surrounding fences, with expected completion in Q2 2022; the report does not establish that completion actually occurred. A resident review separately says there is “no lift in each building,” while the available building-level aggregate is 4.2/5 rather than a structural sub-score. | Reviews praise the location and amenities: one calls Gate 7 “Perfectly located and good for families,” with a “nice sports court” and “beautiful garden,” while another reports a “Huge outdoor swimming pool,” tennis and basketball courts, parking and 24-hour security. The negative operational feedback includes “Security system” rated 1/5, a complaint that guards “behave like land lords,” and “Looks good but lot of issues unresolved.” | ||
| Al DhahiyaAl Rimal, Riyadh557 units | 4.8/ 10 | 6.0/ 10 | 5.0/ 10 |
No platform-published aggregate rating was located, so the score is based on the 32 written reviews read on the local review page. Their overall tone is mixed but slightly negative: 13 positive, 15 negative and 4 mixed, with recurring lifestyle complaints offset by substantial praise for security, the garden, organization and construction/finishing. The 2021 company report confirms project completion and infrastructure provision, but it is not a resident rating and does not establish current condition in 2026. | |||
Structural comments are mixed rather than conclusive. Several reviewers described the construction and finishing as “ممتاز جدا” and praised “الاهتمام بالتفاصيل الدقيقة,” while other reviews alleged “بناء اقل من العادي,” bathroom odour, and standing water at the entrance. Al Akaria’s 2021 annual report states that the complex was completed at the end of September 2021 with water, sewage, electricity, lighting and rainwater drainage infrastructure; that is a completion disclosure, not a current engineering inspection. | Daily-life feedback praises “high security and great environment” and “organised management,” as well as a quiet compound, internal garden and strong neighbourly atmosphere. Negative reviews repeatedly say the project was far from everyday services and that shops, restaurants and cafés were missing or still under development; another reviewer complained that different salespeople quoted different prices. These comments are mostly dated 2021–2023, so they establish lived experience in that period but do not prove that every issue remained current on 2026-10-08. |
Develops the Fai Sedra 2 project within the Sedra–Roshn community in Riyadh.
Develops Al-Narjis Business Park in Riyadh, including civil, construction, architectural, mechanical, electrical and external works.
Participates with Al Akaria in the 40–60 joint venture Al Akaria Hanmi for Project Management, managing Al Akaria projects in Riyadh.
Holds 40% of Saudi Real Estate Infrastructure Company (Binyah), established with Al Akaria, which holds 60%.
Framework agreement counterparty for Binyah to execute early works and site logistics for the Expo 2030 Riyadh project.
The Saudi Real Estate Company “Al Akaria” has announced the signing of a contract with Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co, to develop “Fai Sedra 2” project
announced the signing of a contract with The Saudi Real Estate Construction Company “Tamear” to develop “Al-Narjis Business Park” project
set up a 40-60 percent joint venture named Al Akaria Hanmi for Project Management
Al Akaria ... with ... MASCO investing in a share of 40%, to establish ... BINYAH
The Agreement scope includes demolition, earthworks and miscellaneous logistics activities to support the Project early works and site logistics.
| COMPANY NUMBER | 1010012539 Saudi Ministry of Commerce · Saudi Arabia · Active |
| Saudi Arabia | active 6 projects tracked |
| Residential, for rent | 4 of 6 |
| Residential, for sale | 2 of 6 |
Naif Saleh Al Hamdan Chairman of the Board of Directors
# Naif Al-Hamdan
Chairman of the Board - Al Akaria | العقارية (Current) Feb 2022 - Present
Naif Saleh Al Hamdan Chairman of the Board of Directors
Naif Saleh Al Hamdan Chairman of the Board of Directors
Chairman of the Board - Al Akaria | العقارية (Current) Feb 2022 - Present
Naif Saleh Al Hamdan Chairman of the Board of Directors
Bachelor of Commerce (BCom) Management at Concordia University
Bachelor of Commerce (BCom) Management at Concordia University
Sahem Hani Yousef Nasser Vice-Chairman of the Board of Directors
# Sahem Nasser
Executive Committee - Chairman (Current)
Executive Committee - Member - THE RIG. (Current)
Executive Committee - Member - King Salman International Airport (Current)
Board of Directors - Member - Al Waha Duty Free Company (Current)
During my professional career in March 2007 at EY ... In November 2009, I joined PwC ... I joined Meraas in 2015 ... In September 2019, I joined the Public Investment Fund (PIF)
Date of Board Meeting in which Appointed New Member(s) were Appointed 2026-04-16
My passion for real estate started as soon as I kicked-off my professional career in March 2007 at EY with the Real Estate Transactions Division. In November 2009, I joined PwC ... I joined Meraas in 2015 ... In September 2019, I joined the Public Investment Fund (PIF) ...
Sahem Hani Yousef Nasser Vice-Chairman of the Board of Directors
Senior Vice President - Local Real Estate Investments
Specialties: Real Estate Investments, Corporate Finance, Capital Structuring, Restructuring, Valuations, Due Diligence, Feasibility Studies, Business Plans, Joint Ventures, Financial Modeling
In September 2019, I joined the Public Investment Fund (PIF)
In pursuit of expanding my experience and career in Real Estate, I joined Meraas in 2015
Sahem Hani Yousef Nasser Vice-Chairman of the Board of Directors
Abdullah S. Abudawood Chief Executive Officer
# Abdullah Abudawood
### Remat Al-Riyadh Development Co. ... #### Board Member (Current)
Prior to Al Akaria, he served as Chief Executive Officer of Remat Al Riyadh Development Co. ... In the private sector, he served as Vice President at Channels by STC ... Earlier experience also includes major development programs such as KAEC Industrial Valley, Jazan Economic City, and the Ruwais Urban Regeneration initiative.
Saudi Real Estate Co. said Abdullah Abudawood will take over as CEO from April 5, 2026
With 25+ years of leadership across real estate and mega project development, municipal services, digital transformation, telecommunications, logistics, and FMCG ... Prior to Al Akaria, he served as Chief Executive Officer of Remat Al Riyadh Development Co.
Chief Executive Officer - Al Akaria | العقارية (Current)
With 25+ years of leadership across real estate and mega project development, municipal services, digital transformation, telecommunications, logistics, and FMCG
Prior to Al Akaria, he served as Chief Executive Officer of Remat Al Riyadh Development Co.
Structured and executed SAR 16 billion+ in PPP concessions
aligned with Saudi Vision 2030
Abdullah S. Abudawood Chief Executive Officer
Saud Abdullatef Al Sheikh Board Member
Saud Abdullatef Al Sheikh Board Member
Saud Abdullatef Al Sheikh Board Member
Saud Abdullatef Al Sheikh Board Member
Omar Mohammad Najjar Board Member
Omar Mohammad Najjar Board Member
Omar Mohammad Najjar Board Member
Omar Mohammad Najjar Board Member
bachelor’s degree in finance from Pennsylvania State University in the United States
bachelor’s degree in finance from Pennsylvania State University in the United States
master’s degree in business administration (MBA) from ESADE Business School in Spain
master’s degree in business administration (MBA) from ESADE Business School in Spain
Khalil Abdulqader Al Nammari Board Member
# Khalil Alnammari خليل النمري
In 2024, he became Vice Chairman of the Board of Directors of the KAUST National Transformation Institute
in 2025, he joined the Board of Directors of the Saudi Gymnastics Federation
He is also a Board Member and a member of the Nomination and Remuneration Committee at the Saudi Real Estate Company (Alakaria).
He began his career in 2008 as a Financial Analyst at Saudi Aramco, then in 2010 became Director of Business Development at the Saudi Aramco Entrepreneurship Center (Wa’ed). In 2013, he served as an Investment Associate at Aramco Ventures, followed in 2016 by a role as Management Consultant at the Ministry of Economy and Planning. He joined SIDF in 2018
Board Member (Current) Feb 2025 - Present
He is also a Board Member and a member of the Nomination and Remuneration Committee at the Saudi Real Estate Company (Alakaria). At SIDF today, Mr. Al-Nammari oversees Strategic Planning, Communication, Business Development, & Corporate Excellence, and serves as Official Spokesperson
Board Member @AlAkaria
Vice President @SIDF
bachelor’s degree in finance from Pennsylvania State University
master’s degree in business administration (MBA) from ESADE Business School
He began his career in 2008 as a Financial Analyst at Saudi Aramco
Certified Board Director
Khalil Abdulqader Al Nammari Board Member
0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fai Sedra 1 | Riyadh, Saudi Arabia Sedra | residential for sale | 1381 | — | 54,708 m² | SAR 192m contract value | — | 2023 | Q4/2023 | Jan 2026 – Mar 2026 | Jan 2026 – Mar 2026 | 0.0 mo (−2.0 to +2.0) | sourced | completed |
| Al Olaya Gate 7 residential compound rehabilitation | Riyadh, Saudi Arabia Al Olaya | residential for rent | 1281 | — | — | — | — | 2021 | 2021 | Apr 2022 – Jun 2022 | Jan 2022 – Dec 2022 | +1.5 mo (−5.0 to +8.0) | sourced | completed |
| Masaken Al Akaria — phase 2 residential-unit rehabilitation | Riyadh, Saudi Arabia Diplomatic Quarter | residential for rent | — | — | — | — | — | 2021 | 2021م | — | Jan 2022 – Dec 2022 | — | not scorable | completed |
| Al Dhahiya | Riyadh, Saudi Arabia Al Rimal | residential for sale | 5571 | 2 | — | SR 794m other | — | 2017 | June 2017 | Oct 2020 | Sep 2021 | +11.0 mo (+11.0 to +11.0) | sourced | completed |
| Al Olaya Gate 9 development and rehabilitation | Riyadh, Saudi Arabia Al Olaya | residential for rent | 1381 | — | — | — | — | 2020 | SEPTEMBER * 2020 | Jan 2021 – Dec 2021 | Jan 2021 – Dec 2021 | 0.0 mo (−11.0 to +11.0) | sourced | completed |
| La Casa | Riyadh, Saudi Arabia Al Narjis | residential for rent | 1621 | — | — | SAR 115.8m contract value | — | 2019 | 2019 | — | Jan 2019 – Dec 2019 | — | not scorable | completed |
| Auditor | ELSayed EL Ayouty & Co |
| Coverage | active |
| Tracked since | October 8, 2026 |
| Last checked | October 8, 2026 this month |
| Profile last researched | October 8, 2026 |
| Claim |