Co-Living in Saudi Arabia: Meeting the Growing Demand for Quality and Affordable Student and Professional Housing

Saudi Arabia’s Vision 2030 is driving demand for high‑quality, purpose-built housing for students and young professionals. As cities expand and university enrolment grows, co-living communities are emerging as practical and vibrant solutions to meet the Kingdom’s increasing housing needs.

The Myriad and URBN Living are represented in the Kingdom by Dedicated Housing Company (DHC), a partnership between Sumou Global Investment (SGI), Majd Investment, and Strategic Housing Group (SHG). Through this partnership, they are deploying a SAR 2 billion fund to drive the development of high-quality, purpose-built residential communities across key cities nationwide.

The Myriad: Purpose Built Communities for Higher Education Students

The Myriad is SHG’s award-winning student living brand designed specifically for university students. Each community features fully furnished private and shared rooms, AI- and traditionally powered security systems, on-site recreational and sports facilities, retail and dining outlets, and an annual events calendar that fosters community engagement.

The brand has achieved strong results across the region, including maximum occupancy levels, as well as international recognition for affordability, community development, and revolutionary student development. As demand for quality student accommodation continues to rise, The Myriad is positioned to meet the growing needs of education hubs across the Kingdom.

URBN Living: Practical, Design-Led Co-Living for Professionals

URBN Living serves professionals seeking flexible and comfortable living options in central city locations. The brand focuses on practical layouts with private and shared options, progressive design, shared social areas, and amenities that support both work and lifestyle needs.

As Saudi Arabia attracts more talent into its growing sectors, URBN Living offers residents an accessible and well-managed housing solution designed to meet the rising demand for professional living spaces.

Supporting Vision 2030 Through Functional, High-Quality Communities

Co-living developments support national goals by improving housing quality, increasing affordability, and creating connected environments. These communities provide efficient land use, reliable management, and a stronger sense of community for residents.

“Our aim is to deliver affordable, reliable, and quality living solutions that support how people study, work, and live,” said Vik Rao, Group CEO of SHG and DHC. “The Myriad and URBN Living reflect DHC’s commitment to contributing to Saudi Arabia’s city development with practical, well-designed housing.”

Setting a New Standard for City Living in Saudi Arabia

As the Kingdom continues its growth in education, innovation, and talent attraction, purpose-built student and professional accommodation will play a key role in meeting this increasing demand.

With a focus on quality, accessibility, and efficient design, The Myriad and URBN Living set a new standard for top tier, dependable residential living in Saudi Arabia.