Al-Munsiyah District, Northeast Riyadh | Developed by Alargan × GS Korea

The Waha Residence project stands out as one of the most important residential developments in northeast Riyadh, located in the Al-Munsiyah district just minutes from Al-Thumamah Road. The project comprises 182 residential apartments of varying sizes and designs, catering to both homeowners and investors alike. It is the result of a strategic partnership between Alargan — which brings over 20 years of experience in the Saudi real estate market — and its Korean partner GS, in the first project of its kind combining Saudi and Korean expertise.

The residential units come fully equipped with air conditioning, kitchens, and wardrobes, and are ready for immediate occupancy upon handover. The design offers a high level of privacy through multiple entrances for each building and a limited number of apartments per floor. The project also provides residents with a gym and a lounge area, an internal walkway spanning 220 m² surrounded by green spaces, in addition to a dedicated parking spot for each apartment in the basement.

Private balconies and outdoor spaces
The project is backed by full warranties on the structural framework and works, along with complete infrastructure covering electricity, communications, and sewage, as well as its proximity to mosques, schools, commercial and entertainment centers, and green areas.

From an investment perspective, the project offers an investment return of up to 8%, thanks to its strategic location and the growing demand for rentals and ownership in the area, in addition to the fully equipped units and facilities — positioning it as a promising investment opportunity over the medium and long term.

Al-Munsiyah District, Riyadh |Alargan × GS Korea

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