The venture kicks off with an inaugural project on Riyadh's King Salman Road, with more to follow across the capital's key locations.

Rafal, known for its forward-thinking in real estate, and HIVE, recognized for its contemporary living solutions for young professionals, are collaborating to meet the sophisticated needs of this group with a full 'plug-and-play' living experience focusing on flexibility, community, and convenience.

Elias Abousamra, CEO of Rafal, underscores the partnership's bold vision to establish innovative communities that will transform modern living in Saudi Arabia.

Bass Ackermann, CEO of HIVE, echoes this sentiment, emphasizing the unique combination of HIVE's living concept with Rafal's local expertise to create distinctive, community-focused residential spaces.

Capitalizing on its UAE success, HIVE is adapting its co-living model to suit Saudi Arabia's growing population of young professionals, featuring amenities like flexible workspaces, a professional kitchen, a listening room, a lounge, a pool, and a state-of-the-art gym.

This collaboration is more than just an expansion; it's a strategic move to influence future living standards in Saudi Arabia, aiming to craft spaces that meet the evolving lifestyles and demands of its residents.