ROSHN, TMG Sign Deal for 55,000 Riyadh Homes

ROSHN Group and TMG Saudi have signed a preliminary agreement to establish a jointly owned company for a large mixed-use, residential-led development in Riyadh, targeting more than 55,000 residential units. The agreement was signed in 2026 and sets a framework to evaluate the partnership and the phased development of the project.

Under the proposed structure, TMG Saudi would hold a 51% stake in the joint company, while ROSHN would hold the remaining 49%. As of September 2026, the two parties are working on detailed master planning and preparing the business case, with no final investment decision or detailed execution schedule announced publicly.

the project is planned as an integrated community combining more than 55,000 homes with retail, commercial, hospitality, entertainment and leisure, healthcare, and education facilities, alongside parks and public spaces. The split between apartments and villas has not yet been specified in public disclosures.

Why it matters

A development of this scale would add significant housing supply to Riyadh, supporting the growing demand for homes in the capital and the broader goals of expanding homeownership. For residents and families, an integrated community that brings schools, clinics, shops, and green spaces into one neighbourhood can offer added convenience.

At this stage, no official figures have been released on the total project value, land price, unit selling prices, payment plans, reservation fees, or down payments specific to this development. No project-specific reservation or booking steps have been announced. Standard Saudi practice means future sales and ownership transfers would be handled through the Ministry of Justice real estate registry and municipal channels, but no step-by-step procedures for this project have been published. Saudi Living will share verified updates as they are officially confirmed.

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