ZOOD Real Estate launches Élevée, a $667 million project in north Riyadh

Eight-tower development targets demand for housing near the Saudi capital's main business district

RIYADH, SAUDI ARABIA – Media OutReach Newswire – 19 October 2026 – Saudi developer ZOOD Real Estate on Monday launched Élevée, a 2.5 billion riyal ($667 million) mixed-use project in north Riyadh, betting on demand for homes and offices close to the capital's financial district.

About 90 percent of the regional headquarters licensed in Saudi Arabia have chosen Riyadh, according to 2024 figures from the Ministry of Investment, pushing demand toward the districts around the King Abdullah Financial District. The capital's population is forecast to reach 9.6 million by 2030 from 7 million in 2022, Knight Frank said in a 2024 report.

Élevée stands about 1.5 km from that financial district, in Al-Nakheel. It comprises eight towers, three residential with 1,779 apartments, two for a hotel and serviced apartments, and three for offices, with shops in two further buildings, the company said. The site covers 73,892 square meters and the project has a built-up area of 254,340 square meters. More than 40 percent of the site is open space and landscaping, ZOOD said.

The project is due for completion at the end of 2029. ZOOD won awards at the Saudi Arabia Property Awards in the 2024-25 cycle, including in architecture and development categories for Élevée.

"We do not want to build only. We want to create places where people feel at home, places that respect their privacy and bring together our Saudi identity and a contemporary architectural language," said Yasser al-Qazlan, chief executive of ZOOD Real Estate.

Riyadh-based Jadwa Investment is the project's strategic partner. The design was led by Elia, an architecture firm based in Barcelona, which drew on Najdi building traditions of shade, filtered light and the gradual move from public space to the privacy of the home.

ZOOD said it has delivered 28 projects and holds a portfolio of 34 billion riyals ($9.07 billion), of which 24 billion riyals ($6.4 billion) is under development, across Riyadh, Qassim and Makkah.

Élevée at a Glance
Developer: ZOOD Real Estate
Location: Al-Nakheel, north Riyadh, on the Northern Ring Road
Investment value: 2.5 billion riyals, about $667 million
Site area: 73,892 square meters
Built-up area: 254,340 square meters
Components: eight towers. Three residential with 1,779 apartments, two for a hotel and serviced apartments, three for offices. Shops in two further buildings
Open space: more than 40 percent of the site
Completion: end of 2029
Awards: Saudi Arabia Property Awards, 2024-25 cycle, architecture and development categories
Partners: Jadwa Investment, strategic partner. Elia, Barcelona
Arabic name: pronounced el-eh-VAY.

All project figures are provided by ZOOD Real Estate. Dollar figures are converted at 3.75 riyals to the dollar, the currency's pegged rate.
Hashtag: #ZOOD

The issuer is solely responsible for the content of this announcement.

About ZOOD Real Estate

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ZOOD Real Estate launches Élevée, a $667 million project in north Riyadh

BERLIN, GERMANY - Media OutReach Newswire - 19 October 2026 - Eureka has introduced the FloorShine 470 to the German market, bringing together wet-and-dry cleaning, access beneath low furniture and automated brush care in one appliance. Designed for everyday hard-floor maintenance, the model aims to make routine cleaning more manageable without adding unnecessary complexity.

Eureka Introduces FloorShine 470, Bringing All-Round Wet-and-Dry Cleaning to German Homes

As wet-and-dry floor cleaners offer an increasing range of advanced features, the practical needs of households remain relatively straightforward: dealing with everyday spills, removing dust and hair, and keeping floors clean with less effort. The FloorShine 470 responds to these needs with a well-rounded combination of cleaning and maintenance features, available at a recommended retail price of €279.

For everyday cleaning, the FloorShine 470 delivers up to 17,000 Pa of suction to collect dry debris and liquid spills, from kitchen crumbs to dirt brought in from outdoors. An integrated anti-tangle mechanism helps prevent hair from wrapping around the brush roller, reducing interruptions during regular use.

The cleaner's 180-degree lie-flat design allows it to reach beneath sofas, beds and other low-clearance furniture without requiring users to move heavy items. An internal water duct system helps prevent wastewater from flowing back when the appliance is fully reclined. Its edge-cleaning brush also reaches close to walls and skirting boards, addressing areas that can be difficult to clean thoroughly.

Cleaning the floor is only part of the routine. After use, the FloorShine 470's automated self-cleaning and hot-air drying system helps prepare the brush roller for its next use by reducing residual moisture. A redesigned water-tank configuration supports easier maneuvering, while separate clean- and dirty-water tanks simplify everyday floor washing.

Together, these features reflect Eureka's approach to bringing practical cleaning capabilities into a single, accessible appliance, without requiring households to move into a higher-priced product category.

Pricing and Availability

The Eureka FloorShine 470 is now available on the official Eureka Germany website, with a recommended retail price of €279. Actual local prices and promotional offers may vary. Consumers can also search for Eureka FloorShine 470 on Amazon.

Hashtag: #Eureka

The issuer is solely responsible for the content of this announcement.

About Eureka

Eureka develops household cleaning appliances designed to simplify everyday maintenance. Its portfolio includes cordless vacuum cleaners, robotic cleaners and wet-and-dry floor washers for international markets.

** This press release is distributed by Media OutReach Newswire through automated distribution system, for which the client assumes full responsibility. **