Rafal Real Estate Signs Landmark Project with Boyout at Expo Boyout Al-Aqari

Speaking at the event, Mohammed Al-Jaber of Rafal Real Estate praised the expo as a vital platform for showcasing opportunities in the Saudi real estate market. “This is not our first experience with Boyout,” he noted, recalling a previous successful collaboration. “We are confident that this new partnership will bring equally strong results.”

Optimism for New Regulations

Al-Jaber highlighted the importance of recent reforms in the sector, particularly the new regulations allowing non-Saudis to own property in Saudi Arabia. He described the move as a “game changer” that will open fresh sales channels and significantly stimulate market growth. Industry experts have echoed this sentiment, noting that the decision is expected to attract new capital inflows, diversify property ownership, and further align Saudi Arabia’s real estate landscape with its Vision 2030 ambitions.

Strengthening the Saudi Real Estate Ecosystem

The signing of the Al-Aqriya project underscores Rafal Real Estate’s commitment to expanding its portfolio of innovative projects that meet the evolving needs of Saudi residents and international investors. Located in the Al-Narjes district, the project is positioned to benefit from one of Riyadh’s fastest-growing neighbourhoods, known for its modern infrastructure and increasing demand for high-quality housing.

Rafal Real Estate, established as one of the Kingdom’s pioneering developers, has a track record of delivering landmark projects that contribute to urban development. Its renewed collaboration with Boyout not only strengthens both companies’ reputations but also demonstrates the dynamism of Saudi Arabia’s property sector at a time of unprecedented transformation.

Al-Jaber concluded with optimism: “We look forward to the success of Al-Aqriya and to many more promising projects from Rafal in the near future.”