Select Property becomes the first UK developer to establish a permanent presence in Riyadh

Select Property, a leading UK-based real estate developer and investment company, has become the first UK developer to establish a permanent presence in Saudi Arabia, marking a significant milestone in its 20-year Middle East presence. The Riyadh expansion underscores the company’s commitment to meeting growing demand for direct access to premium UK property opportunities, aligning with Vision 2030’s focus on global integration and economic diversification as Saudi investors have consistently represented a strong share of its GCC client base.

The launch coincides with record growth in Saudi Arabia’s construction and real estate sectors, with the Kingdom’s construction output reaching $148 billion in the first half of 2024, up 4.6% year-on-year, and total investment forecast to climb to $191 billion by 2029. The surge, driven by Vision 2030’s ambitious pipeline of new homes, hotels, retail, and office developments, has positioned Saudi Arabia as one of the world’s most active property markets while diversification remains a key priority for investors seeking balanced portfolios.

“Our presence in Riyadh is more than just a geographic expansion; it is a natural progression of our two decades of success in the Middle East and a direct response to the trust Saudi investors have placed in us,” said Adam Price, CEO of Select Property. “What makes us unique is our fully integrated ‘develop, sell, manage’ proposition, which allows us to deliver a seamless, hassle-free investment journey. As part of our commitment, we are building a dedicated Saudi national team in Riyadh, including senior leadership already in place, to bring local insight and ensure our operations reflect the ambitions of our clients.”

Richard Lonsdale, appointed Regional Director for Saudi Arabia after 10 successful years leading global operations at Select Property, emphasized the strategic opportunity: “Leading our expansion into Saudi Arabia is an exciting opportunity to bring both international expertise and regional experience to a market that is transforming at pace. Our Riyadh expansion allows us to be on the ground, listening closely to the ambitions of Saudi clients, and tailoring investment opportunities that align with both their personal goals and the wider Vision 2030 objectives.”

Select Property’s landmark projects, including Edition Birmingham and One Port Street in Manchester, showcase how regional UK cities offer strong returns and accessible entry points compared to London. The expansion provides Saudi investors, particularly families with children studying abroad, direct access to stable, high-growth opportunities in the UK’s most dynamic cities through end-to-end expertise and long-term partnership.

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