ZOOD launches $666m Élevée mixed-use project in Riyadh

Riyadh, Saudi Arabia - ZOOD Real Estate has launched Élevée, an eight-tower mixed-use development in Riyadh’s Al-Nakheel district with an investment value of more than $666 million (SAR2.5 billion).

The project is being developed in strategic partnership with Jadwa Investment, while Spanish architecture firm Elia is responsible for the design. Completion is scheduled for the end of 2029.

Élevée will combine residential, hospitality, office and retail components within one development. The eight towers will include three residential buildings, two hospitality towers containing a hotel and hotel apartments, and three office towers.

Retail space will be provided through two additional standalone buildings.

More than 40% of the development has been allocated to open areas and landscaping. The outdoor programme includes a central park, landscaped spaces between the buildings, a rooftop garden and wide pedestrian walkways.

Amenities across the development will include swimming pools, a gym, cafés, restaurants, a nursery, children’s club, business lounge, civil defence centre and 24-hour reception and security services. Facilities will vary between buildings.

ZOOD introduced Élevée at a launch event held at Hittin Palace in Al-Nakheel, attended by representatives from the business and real estate sectors.

The project is located near Riyadh’s Northern Ring Road, providing connections towards King Abdullah Financial District and King Khalid International Airport.

ZOOD said Élevée is intended to bring together housing, hospitality, workplaces, retail and landscaped areas within a single urban community.