TK Estate completes one of Al-Shati's highest-value residential land transactions of the month

Published 16 July 2026

Jeddah, Kingdom of Saudi Arabia — TK Estate has closed the sale of one of the highest-value residential land holdings to change hands in Jeddah this month: a prime site in the Al-Shati district of approximately 17,000 square metres, in an off-market transaction valued at approximately SAR 100 million.

The transaction has formally completed, with the title transfer finalised and the new deeds issued. It was conducted off-market and under full confidentiality for both parties, with TK Estate acting as sole representative from first introduction through to final transfer. Transactions of this calibre are rarely seen on the open market. They are placed quietly, with the right buyer, by those trusted to handle them.

A land assembly of this size and sensitivity carries a complexity few transactions reach — the coordination of multiple title deeds, discreet negotiation between principals, and the management of every party through to a single clean close.

An off-market deal of this size is built on trust — trust from the owner to represent his asset properly, and trust from the buyer that they are being guided honestly at every step. Al-Shati remains the most attractive district in Jeddah for high-net-worth individuals, and Al-Shati 2 in particular — a neighbourhood of grand mansions and some of the city’s most prestigious homes. Well-positioned land of this kind is increasingly rare, and we are proud to have represented it and brought it to a smooth and successful close on behalf of our clients.

Tarek Shams, Founder & CEO

The firm works with a private clientele and with significant real estate assets that are rarely, if ever, brought to the open market. At this level discretion is not a preference but a requirement: each mandate is handled personally and confidentially, through a single point of contact, with the client’s privacy and interests protected at every stage.

The sale also reflects continued demand for large-format land along Jeddah’s prime coastal corridors, where well-positioned holdings of scale have become increasingly rare.

This is the standard we intend to set with every mandate we take on. Our ambition is to remain the firm that the Kingdom’s most significant private transactions are entrusted to — handled quietly, precisely, and always in our clients’ interest.

Tarek Shams, Founder & CEO