UK real estate developer highlights growing Saudi investor demand and introduces Vita Living Circle Square North in the United Kingdom
Riyadh, Saudi Arabia – 11 May 2026 Select 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.
As 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.
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’s 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’s 51% graduate retention rate.
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.
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 cafés and restaurants. Manchester, which contribute to a familiar and culturally aligned lifestyle experience for Saudi residents.
Commenting on the launch, Richard Lonsdale, Regional Director in KSA, at Select Property, said: “Saudi 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.”
The 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.
“We’re seeing a clear shift among Saudi investors in recent years toward ‘hands-off’ opportunities that allow them to access international real estate without being involved in the day-to-day management,” said Mohammad Al-Dabaan, Business Development Manager at Select Property in KSA. “That’s 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’s 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.”
With 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.
I like the release overall but think we need to add the below points:
The first UK developer to open an office in Saudi Arabia, offering a fully managed investment experience, local and international market knowledge, making UK real estate investment as accessible as possible from the Kingdom of Saudi Arabia, strengthening ties between the two regions. Do we also want to do a reminder of One Port Street / KSA demand and say this is the next Manchester launch?
