Is Saudi Arabia a new global hotspot for property investment?

Diriyah Company has signed an exclusive partnership with Saudi Arabia Sotheby’s International Realty to broker sales for nine luxury branded residences.

Baccarat Residences, Diriyah will be one of a number of luxury living experiences offered by the Diriyah project as it tries to become one of the most sought-after residential districts in the Riyadh area and across Saudi Arabia.

The residences are part of a major residential housing programme offering a wide diversity of properties for over 100,000 people.

Diriyah Company Group chief executive Jerry Inzerillo says: “We are delighted to be partnering with Saudi Arabia Sotheby’s International Realty to broker the outstanding living experience that the Baccarat Residences, Diriyah have to offer. Sotheby’s Realty is a recognized leader in the luxury residential market in Saudi Arabia and reinforces our commitment at Diriyah to partnering with world-class excellence.”

The Baccarat Residences, Diriyah, offers nine exclusive residences featuring premium amenities tailored for discerning homeowners.

Key features include private dedicated garages, elevators, external garden/sky terrace areas, swimming pools, and exclusive access to neighbouring Baccarat hotel amenities and services.

George Azar, chief executive of Saudi Arabia Sotheby’s International Realty, comments: "Securing the exclusive brokerage for Diriyah Company's Baccarat Residences is an honour. This partnership underscores the strength of our global network and the growing economy of Saudi Arabia. As we deliver this culture-led development, we look forward to showcasing luxury living in Saudi Arabia to a worldwide audience. Together with Diriyah Company, we are poised to redefine urban planning and celebrate Saudi Arabia's rich heritage and legacy."

Baccarat Residences Diriyah marks the debut of Baccarat-branded residences in Saudi Arabia and represents the latest addition to Diriyah’s plans for more than 350 units of branded residences in prime locations across Diriyah. Other luxury residences in development include the Ritz-Carlton Residences, Diriyah and Corinthia, Diriyah.