Riyadh, Saudi Arabia \u2013 11 May 2026 <\/strong>\u00a0Select Property has announced the global launch of Vita Living Circle Square North, a completed residential development in Manchester city centre, following the successful completion of One Port Street in January, its SAR808,000,000 million residential project in the city for which Saudi investors accounted for 33% of ownership.<\/p>\nAs the first UK-based developer to establish an office in Saudi Arabia, Select Property offers a fully managed investment experience, supported by both local and international market expertise. The company is committed to making UK property investment highly accessible from the Kingdom, while strengthening economic and investment ties between the two regions.<\/p>\n
The launch comes amid increasing outbound investment activity from Saudi Arabia, driven by Saudi Vision 2030 and its focus on economic diversification and greater participation in global markets. In line with this shift, Select Property reports growing demand from Saudi investors for international real estate assets that support long-term financial planning, with total revenue from GCC investors reaching approximately SAR 444,000,000 over the past five years. Vita Living Circle Square North has been positioned to meet this demand, offering a fully furnished, fully tenanted development. The scheme comprises 417 apartments across 35 storeys, with panoramic city views in Manchester\u2019s M1 postcode – a central hub for education and employment within walking distance of major universities and global blue-chip employers. Located within Circle Square, a self-contained neighbourhood where international brands such as Puma have relocated, it benefits from sustained local demand, supported by Manchester\u2019s 51% graduate retention rate.<\/p>\n
As the second tower within Vita Living Circle Square, the project builds on an established track record. The development reports rental yields of up to 7.8% and occupancy of 98.5%. Buyers can either complete immediately, or structure with a 10% initial payment and no further payments required until June 2027, alongside available mortgage options, offering flexibility for investors managing capital across domestic and international portfolios.<\/p>\n
Located within a five-minute walk of University of Manchester, one of the UK universities with the highest number of Saudi students, the development aligns closely with the priorities of Saudi families seeking to combine long-term investment planning with future education pathways. Its location is further enhanced by proximity to popular Middle Eastern caf\u00e9s and restaurants. Manchester, which contribute to a familiar and culturally aligned lifestyle experience for Saudi residents.<\/p>\n
Commenting on the launch, Richard Lonsdale, Regional Director in KSA, at Select Property, said: <\/strong>\u201cSaudi Arabia remains a key strategic market for Select Property, and we are seeing a clear evolution in investor behaviour as Vision 2030 continues to shape financial priorities. There is increasing demand for high-quality, professionally managed international assets that provide both income and long-term security. This launch reflects our commitment to supporting Saudi investors with opportunities that align with these ambitions.\u201d<\/p>\nThe company also confirmed continued investment in its local operations, having already recruited a local business development team and the recent appointment of a Saudi marketing executive, with ongoing recruitment to expand its Riyadh-based team.<\/p>\n
\u201cWe\u2019re seeing a clear shift among Saudi investors in recent years toward \u2018hands-off\u2019 opportunities that allow them to access international real estate without being involved in the day-to-day management,\u201d said Mohammad Al-Dabaan, Business Development Manager at Select Property in KSA<\/strong>. \u201cThat\u2019s exactly where Select Property comes in, we manage every aspect of the investment on their behalf, from acquisition right through to leasing and ongoing asset management, making the entire process seamless. At the same time, there\u2019s a strong and consistent demand from Saudi investors for stability and long-term security, which is why the UK real estate market continues to stand out as a highly trusted and stable long term investment destination for Saudi investors.\u201d<\/p>\nWith over 20 years of experience in international real estate and a UAE office since 2005, Select Property continues to support Saudi investors seeking accessible, fully managed opportunities in globally recognised cities, contributing to broader goals of portfolio diversification and international investment engagement under Vision 2030.<\/p>\n
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