Knight Frank and RAFAL Sign Strategic MoU to Advance Saudi Real Estate
Knight Frank MENA has signed a landmark Memorandum of Understanding (MoU) with RAFAL. The partnership aims to support the continued growth of Saudi Arabia’s real estate market.
Knight Frank brings over a decade of experience in the region, offering consultancy across commercial, residential, retail, and hospitality sectors. RAFAL, based in Riyadh and founded in 2007, is recognized for lifestyle-driven communities that attract both residents and investors.
The new agreement creates a strategic framework for collaboration in capital markets, valuation, and advisory services. It aligns with the goals of Saudi Arabia’s Vision 2030 and helps reinforce the country’s position as a global investment hub.
With this MoU, both firms are focusing on quality urban development and data-driven decision-making. Their joint approach will help deliver sustainable projects and attract long-term investors.
The partnership is expected to influence future developments in residential zones and mixed-use spaces. These include projects designed to enhance living standards and maximize community engagement.
Such strategic partnerships reflect trends seen in Dubai’s property market as well. Neighborhoods like Downtown Dubai, Arjan, and Meydan City are leading examples of high-value urban planning driven by similar principles.
Saudi Arabia’s real estate market is rapidly evolving, and partnerships like this one between Knight Frank and RAFAL serve as catalysts for innovation. With growing investor interest and government support, the future looks promising.
