JLL Completes Landmark Sale of Antara Residential Compound in Riyadh

Riyadh, Saudi Arabia – 27 July 2025 – JLL Capital Markets has successfully advised a Saudi Arabia-based fund on the sale of Antara Residential Compound, a premier expatriate-focused development located in Diriyah, North Riyadh. The transaction is considered one of the most significant residential real estate deals in the capital this year, reflecting JLL’s execution capabilities and deep expertise in the Kingdom’s evolving property market.

As the exclusive sell-side advisor, JLL ran a targeted institutional marketing campaign that positioned Antara as a unique and sizable investment opportunity. The sales process, which attracted strong interest from numerous pre-qualified bidders, underscored the compound’s strategic value in a market facing a shortage of high-quality residential options.

“We are delighted to have successfully supported our client on this strategic transaction, which generated strong market interest and testifies to our client’s outstanding asset management capability,” said Fadi Moussalli, Senior Director, Capital Markets MENA at JLL.

“Leveraging our deep expertise and local market knowledge, we connected prominent investors, underscoring JLL's ability to orchestrate competitive sales processes in Saudi Arabia’s rapidly expanding residential market. The professionalism and integrity of the purchaser were instrumental in ensuring the smooth execution of this transaction and it was a pleasure to collaborate with our client's legal counsel, Hourani & Partners, on this market-shaping acquisition.”

Prime location, premium amenities

Completed in 2022, Antara Residential Compound is a Mediterranean-style gated community comprising 520 residential units, including apartments, townhouses, and villas. The property features a full suite of lifestyle amenities such as F&B outlets, sports facilities, lush gardens, and a curated events calendar, all tailored to the needs of expatriate and premium tenants.

Strategically situated between two of Riyadh’s giga-projects, New Murabba to the north and Diriyah Gate to the south, the compound enjoys proximity to major landmarks including King Abdullah Financial District (KAFD), King Khalid International Airport, and Riyadh Downtown.

“This transaction highlights the ongoing demand for quality, income-generating assets and the strength and resilience of Saudi Arabia's premium residential market,” said Saud Alsulaimani, Country Lead and Head of Capital Markets for Saudi Arabia at JLL.

“The trend towards prioritizing quality and the limited availability of prime assets are driving robust demand. The Kingdom’s Vision 2030 agenda has fostered an attractive long-term investment landscape, increasing interest in high-quality properties like the Antara Residential Compound.”

High occupancy and operational efficiency

Since its completion, Antara has consistently achieved high and stabilized occupancy across a diverse tenant base, supported by efficient operations and strong asset management. The sale further reinforces JLL’s role as a trusted transaction advisor within Saudi Arabia’s rapidly maturing real estate landscape.

JLL Capital Markets continues to be a leading provider of capital solutions for investors and occupiers, combining local market intelligence with global capital expertise.