TK Estate Completes One of Al-Shati's Highest-Value Residential Land Transactions of the Month
Jeddah, Kingdom of Saudi Arabia — TK Estates, the boutique luxury real estate firm headquartered in Jeddah, has successfully closed the sale of one of the highest-value residential land holdings to change hands in the city of Jeddah this month — a prime residential land in the Al-Shati district spanning approximately 17,000 square metres, in an off-market transaction valued at approximately SAR 100 million.
The transaction has now formally completed, with the title transfer finalized and the new deeds issued. It was conducted off-market and under full confidentiality for both parties, with TK Estates acting as the sole representative throughout and overseeing the process from first introduction 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, value, and sensitivity carries a level of complexity that few transactions reach: the careful coordination of multiple title deeds, discreet negotiation between principals, and the management of every party through to a single, clean close. It is precisely this kind of transaction — high-value, off-market, and demanding absolute discretion — that TK Estate was built to handle.
The firm works closely with a private clientele of ultra-high-net-worth individuals and families, and with significant real estate assets that are rarely, if ever, brought to the open market. For clients 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. It is an approach built for those for whom reputation, timing, and confidentiality matter as much as the asset itself.
The deal also reflects the continued strength of demand for premium, large-format land along Jeddah's prime coastal corridors, where well-positioned holdings of scale have become increasingly rare.
"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," said
Tarek Shams, Founder & CEO of TK Estate. "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."
"This is the standard we intend to set with every mandate we take on," he added. "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."
