Al Akaria expects to generate rental income from Q4 2026
Saudi Real Estate Co. (Al Akaria) leased Al Reef Residential Compound, located in Riyadh’s Diplomatic Quarter, to Amsa View for Hotel Apartments. The lease, valued at SAR 1.2 billion (excluding VAT), has a 20-year term. 
In a statement to Tadawul, Al Akaria said the complex comprises 240 residential units, including 176 apartments along with 64 villas and townhouses, in addition to a showroom. The project is currently in its final stages of construction.
The agreement is structured as a triple-net lease, with the tenant responsible for operations, maintenance and facility management. It also includes a nine-month grace period starting from handover of the complex.
Al Akaria elaborated that asset leasing represents its core business and is expected to support operations and profitability.
On financial impact, Al Akaria expects to generate rental income from Q4 2026.
Al Akaria expects to generate rental income from Q4 2026
Saudi Real Estate Co. (Al Akaria) leased Al Reef Residential Compound, located in Riyadh’s Diplomatic Quarter, to Amsa View for Hotel Apartments. The lease, valued at SAR 1.2 billion (excluding VAT), has a 20-year term.
In a statement to Tadawul, Al Akaria said the complex comprises 240 residential units, including 176 apartments along with 64 villas and townhouses, in addition to a showroom. The project is currently in its final stages of construction.
The agreement is structured as a triple-net lease, with the tenant responsible for operations, maintenance and facility management. It also includes a nine-month grace period starting from handover of the complex.
Al Akaria elaborated that asset leasing represents its core business and is expected to support operations and profitability.
On financial impact, Al Akaria expects to generate rental income from Q4 2026.
