RIYADH, SAUDI ARABIA – 29Jan2026 – First Avenue Real Estate Development Company has been honored with the prestigious Real Estate Excellence Award in the Office Projects category. The recognition was awarded to its flagship development, “Capital Avenue Al Qirawan,” located in the rapidly growing northern district of Riyadh.
A Global Benchmark for Excellence The Real Estate Excellence Award is a high-level initiative launched by the State Properties General Authority (SPGA) in partnership with the International Real Estate Federation (FIABCI). Winners are selected by an international jury of experts, and the award serves as a gateway for Saudi projects to be showcased across FIABCI’s global network of over 120 leading real estate entities.
Capital Avenue: Redefining the Modern Workspace Situated strategically on King Salman Road, Capital Avenue Al Qirawan is a premier office destination designed to meet the sophisticated needs of today’s business environment. The project stands out for:
- Modern Salmani Architecture: Blending traditional heritage with contemporary design.
- Sustainability & Well-being: Featuring 2,000 square meters of integrated green spaces to enhance productivity and quality of life.
- Integrated Ecosystem: A seamless mix of premium office spaces, commercial activities, and service facilities.
Strategic Vision for Saudi Arabia First Avenue Real Estate Development emphasized that this win validates its strategy of delivering high-quality, sustainable, and income-generating assets. By transforming underutilized land into vibrant, value-driven hubs, the company is actively contributing to the goals of Saudi Vision 2030.
As a comprehensive real estate developer, First Avenue continues to manage a diverse portfolio across the residential, commercial, and hospitality sectors, reinforcing its position as a market leader in the Kingdom.
