Ajdan Infinity Moves Up: 40-Storey Tower Enters Main Construction in Al Khobar

New milestone for real estate Saudi Arabia: Ajdan Infinity’s 40-storey tower begins vertical works

The Al Khobar skyline will change noticeably in the coming years. Ajdan Infinity, a waterfront development overlooking the Arabian Gulf, has moved from site preparation into main structural construction for its 40-storey residential tower. For anyone tracking the real estate Saudi Arabia market, this shift matters: the project is substantial in scale and its timeline now anchors investor and buyer expectations.

In the first 100 words: this story affects the property market in Saudi Arabia, especially the Eastern Province, because the project spans 45,510 sqm, includes three high-rise towers and is set for completion between late 2028 and mid-2029. In our analysis, that schedule, the developer-contractor pairing and the project’s location create both opportunities and risks for buyers and investors looking at new-build housing in the Kingdom.

What Ajdan Infinity comprises: a closer look at the development

Ajdan Infinity is a waterfront residential complex planned along the Arabian Gulf in Al Khobar, in the Kingdom’s Eastern Province. Key facts from the announcement:

• The masterplan covers 45,510 sqm of land with sea views.
• It features three towers of 35, 40 and 45 floors respectively.
• Masah Contracting Company has been contracted to build the 40-storey tower.
• Vertical construction has begun after the completion of site enabling and infrastructure works.
• The developer expects the whole project to be finished between late 2028 and mid-2029; Masah says the contract scope for the tower will be completed within 2 to 3 years.

The public statements from the contractor underline mutual confidence. A Masah spokesman said: “This project marks another milestone for Masah Contracting and reflects our partners’ trust in our expertise and commitment to quality.” He added gratitude to Ajdan Real Estate Development for entrusting the firm with delivery of “another landmark project.” Those are not neutral marketing lines; they signal both parties expect steady execution through the coming years.

Why this matters to the property market in Saudi Arabia

Ajdan Infinity is not a small infill scheme. Three high-rise towers on a 45,510 sqm waterfront site are material additions to housing stock in Al Khobar. From a market perspective, I see several immediate implications:

• Supply dynamics: The addition of three mixed high-rise residential towers will increase modern apartment supply in a city where demand from professionals, families and expatriates is concentrated near the coast and business districts.
• Product mix: High-rise, premium-amenity projects target buyers seeking apartments for owner-occupation and investors seeking rental income; the presence of three towers suggests a mix of unit types and likely tiered pricing.
• Timing: The completion window of late 2028 to mid-2029 sets a clear delivery horizon for off-plan buyers and investors. That helps with financial planning but leaves room for market cycles to shift between purchase and handover.

For investors, the headline is straightforward: new supply matters for rental yields and capital appreciation. In strong submarkets, new premium product can command rents above older stock, but it can also compress yields if pricing rises faster than rents. We are watching how Ajdan prices units when it launches sales, and how local rental demand absorbs those units when they come online.

Construction stage and what it means for risk

Construction stage matters to buyers. Projects in early planning carry different risks than those where vertical construction is underway. Ajdan Infinity has completed enabling works and moved into main structural works for the 40-storey block. Practically, this means:

• Reduced planning risk: With site enabling and infrastructure finished, the core approvals and groundwork are behind the developer. This often lowers the chance of large redesigns or permit-related halts.
• Still present delivery risk: Structural construction marks progress but does not eliminate risks such as labour shortages, material cost increases, weather or unforeseen technical issues. The contractor’s commitment to a 2–3 year completion window for the contract is a useful guide but not a guarantee.
• Financing and market risk: Macroeconomic shifts or liquidity constraints can still affect completion if the developer or contractors face funding strains.

In short, this stage is more attractive for buyers wanting reduced completion risk compared with pre-groundbreaking off-plan sales. It is less safe than buying completed stock, and buyers should price that delta into their decisions.

Developer-contractors: why track records matter

Ajdan Real Estate Development is the project sponsor; Masah Contracting Company is the contractor for the 40-storey tower. Here’s why we always flag the developer-contractor pairing:

• Delivery track record shows whether timelines are realistic and if quality standards meet expectations.
• Financial strength of both parties indicates their ability to weather cost escalations or schedule slips.
• Past projects give clues about finishes, snagging quality and post-handover support.

The Masah spokesman’s remarks about expertise and commitment hint at confidence, but for buyers I recommend reviewing completed projects by both firms, asking for references and checking whether there are escrowed construction accounts, warranties or completion guarantees.

Practical guidance for buyers and investors

If you are considering an off-plan purchase at Ajdan Infinity or watching the project as a market signal, here are specific steps we advise:

• Confirm the legal and sales framework: Ask for the official sale contract, masterplan, unit floorplans and a schedule of payments.