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.

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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

Contributing to developing the Qasr Al Hukom area into an integrated tourist and commercial destination.

Enhancing the vitality of the city center and increasing its attractiveness.

Supporting the achievement of the Riyadh Strategy 2030.

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Our Services

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

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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.

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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.

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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.

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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.

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Our Projects

Explore

Located 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.