Innovest signs MoUs with industry partners to drive homeowner population in KSA

Mohammed Alkhars, chairman of Innovest.
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Updated 18 September 2023
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Innovest signs MoUs with industry partners to drive homeowner population in KSA

Innovest, a premier investment and development company focussed on creating unique lifestyle communities throughout Saudi Arabia, signed several strategic memoranda of understanding at Cityscape Global in Riyadh. The signings are in collaboration with key industry partners — including notable financial institutions, construction companies, global project developers, and real estate investment firms.

The agreements align with the Saudi Vision 2030 principle of boosting the local real estate sector and serve to reaffirm Innovest’s commitment to homebuyers. Through the partnerships, homebuyers throughout the Kingdom will also have the opportunity to benefit through the Sakani Program’s initiatives.

Founded in 2017 by the Saudi Ministry of Housing and the Real Estate Development Fund, the Sakani Program aims to increase the homeownership rate to 70 percent by 2030 by creating new residential units.

Commenting on the signings, Mohammed Alkhars, chairman of Innovest, said: “The establishment of the MoUs with the banks, construction firms, and real estate companies is a significant step forward in Innovest’s mission to equip, empower, and encourage homebuyers throughout the Kingdom. The signings lay the framework for an industry-wide support system designed to guide customers in their homebuying journey and will continue to shape the way in which the real estate sector approaches homebuying in line with the larger Saudi Vision 2030.”

The signings at Cityscape Global follow Innovest’s recent launch of Jadan Communities, located in Riyadh’s Al-Fursan neighborhood.

Jadan Communities offers an affordable, high-quality, residential community that features standalone villas starting at 250 square meters, with modern designs that have been developed using best practices in the industry.

The three-bedroom villas will offer open-plan and contemporary living spaces, with the master bedroom featuring an ensuite bathroom option.

The villas have advanced features, in line with the vision of creating residential units with a smart system that helps save energy, and comprehensive warranties to offer peace of mind.

Strategically situated among open green spaces and walkable areas, citizens will be able to enjoy a fully serviced community featuring high-end facilities and amenities.


Meraas unveils Dubai Design District residential masterplan

Updated 05 January 2026
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Meraas unveils Dubai Design District residential masterplan

Meraas, a member of Dubai Holding Real Estate, has unveiled an expanded residential masterplan for Dubai Design District, transforming the district into one of Dubai’s most desirable creative-led waterfront neighborhoods. The development will introduce contemporary canal-front living, cultural quarters, public green spaces and walkable urban streets, creating a fully integrated community where global talent can live, work and innovate.

Located between Downtown Dubai and Dubai Creek, the enhanced masterplan spans 18 million square feet of land. Designed and delivered by Meraas, the neighborhood blends residential, cultural, retail and hospitality experiences, reinforcing Dubai’s ambition to strengthen its position as a global center for design, innovation and culture, in line with the Dubai Economic Agenda D33. The residential expansion also responds to increasing market demand, following the strong performance of recent launches and growing interest from both local and international buyers seeking design-led, well-connected waterfront communities.

A defining feature of the new masterplan is the Design Line, a fully shaded, pedestrian-first spine that seamlessly connects the entire district. Activated through public art, creative installations, community spaces and landscaped green corridors, it will support walkable, human-centric living while strengthening d3’s identity as one of Dubai’s most design-forward urban neighborhoods. The masterplan is also targeting LEED Silver community certification, with sustainable mobility, enhanced connectivity, energy-efficient design and integration with natural landscapes, including visual links to Dubai Creek and the Ras Al-Khor Wildlife Sanctuary.

Five distinct areas will shape the character of the new neighborhood. Along the canal, the first will introduce contemporary residences and boutique hospitality set against an activated waterfront promenade. The urban core will unite residential offerings with curated retail and dining, integrated with d3’s established global creative ecosystem. A third area will become the cultural heart of the community, featuring performance venues and mid-rise residences overlooking the d3 Bowl. Another will offer a wellness-focused residential setting defined by parks, sports facilities and a mangrove-inspired landscape. The final area will become a center for creativity, with galleries, studios and loft-style spaces designed to support collaboration, creativity and artistic production.

Khalid Al-Malik, chief executive of Dubai Holding Real Estate, said: “Expanding the Dubai Design District masterplan into a fully integrated creative neighborhood is a significant step in advancing the ambitions of the Dubai Economic Agenda D33. This development strengthens Dubai Design District’s position as a global benchmark for design-focused urban living and reaffirms Dubai’s status as a destination of choice for long-term investment, talent and innovation.”

Momentum around the district continues to accelerate. Meraas’ recent residential releases at d3 have attracted exceptional demand, including the rapid sell-out of Atelis, a 280-unit waterfront tower, and the successful launch of The Edit, a three-tower development offering 557 design-led homes.

With its expanded vision, new residential offering and distinctive creative identity, the enhanced d3 masterplan will establish the district as one of Dubai’s most inspiring and globally relevant neighborhoods — a place where creativity shapes everyday life and where the world’s creative community can truly belong.