Al Rossais Acquires Fully Leased Residential Complex in Al-Sahafa, Riyadh
Abdulmohsin Al Rossais & Sons Group Co. announced the acquisition of a residential complex in Al-Sahafa District, Riyadh, near the financial district. The property covers more than 6,000 square meters and comprises three residential buildings with 99 units, all of which were leased at the time of the acquisition announcement in April 2025.
- Residential Units
- 99 Fully leased at the time of the announcement
- Residential Buildings
- 3 Buildings within the complex
- Property Area
- 6,000+ m² More than 6,000 square meters
On April 11, 2025, Abdulmohsin Al Rossais & Sons Group Co. announced the acquisition of a residential complex in Al-Sahafa District, Riyadh, near the financial district.
The property extends over an area exceeding 6,000 square meters and includes three residential buildings containing a total of 99 units. The Group reported that all units were leased at the time of the announcement.
Details of the Al-Sahafa Residential Complex Acquisition
The acquisition concerns an existing residential complex in Al-Sahafa, northern Riyadh. It consists of three buildings comprising 99 residential units across a property area of more than 6,000 square meters.
The original announcement confirmed the location, building count, residential unit count and leasing status. It did not disclose the acquisition price, individual apartment sizes, annual rental income or investment returns.
Fully Leased Residential Property Near Riyadh's Financial District
The complex is located in Al-Sahafa District near Riyadh's financial district. Its position within an established urban area was one of the location details highlighted in the acquisition news.
The Group described the complex as fully leased when it announced the acquisition. This identifies the property's occupancy status at that time, but does not establish its current occupancy or financial performance.
Acquisition Within Al Rossais's Real Estate Investment Activities
The Al-Sahafa acquisition is one of the Group's announced transactions involving an existing residential property in Riyadh.
Al Rossais operates across residential and commercial real estate development, property leasing and asset management. Its property management services cover residential buildings, complexes and investment assets.
Visitors can also explore the Group's real estate project portfolio to learn more about its residential, commercial and office developments.
Frequently Asked Questions
How many residential units are in the acquired Al-Sahafa complex?
The complex contains 99 residential units distributed across three buildings.
How large is the residential complex?
Its property area exceeds 6,000 square meters, according to the acquisition announcement published on April 11, 2025.
Were all 99 residential units leased when Al Rossais acquired the property?
Yes. The Group reported that all 99 units were leased at the time of the April 2025 announcement. Current occupancy has not been established by that historical statement.