The Myriad: Pioneering Student Living Solutions in Saudi Arabia
In a significant move that underscores its commitment to enhancing student accommodation across the region, The Myriad—an award-winning brand renowned for its innovative student living solutions—is set to expand its footprint throughout Saudi Arabia. The brand has established a partnership with Dedicated Housing Company (DHC), a substantial joint venture valued at SAR 2 billion, which aims to cater to the growing demand for student and professional co-living spaces across the Kingdom.
DHC, a collaborative effort between prominent entities such as Sumou Global Investment, Majd Investment, and Strategic Housing Group, is embarking on an extensive search for land opportunities in vital urban centers including Riyadh, Jeddah, and the Eastern Province. This strategic expansion is propelled by a notable rise in the number of students pursuing higher education in Saudi Arabia.
As The Myriad prepares for this significant growth phase, it is evaluating potential sites ranging from 20,000 to 50,000 square meters for the establishment of new communities. These developments are strategically intended to be located in close proximity to major universities and well-connected public transport networks, thus facilitating convenient access for students. Furthermore, this initiative is in lockstep with Saudi Arabia’s Vision 2030, a transformative blueprint aimed at diversifying the economy and increasing private-sector involvement across various industries, including housing.
The Myriad’s commitment to creating enriching living environments that resonate with regional culture and values is evident in its existing operations in notable cities such as Dubai and Muscat. The brand is celebrated for its community-driven model, which encompasses a plethora of features designed to foster a safe and collaborative living atmosphere. Its properties come equipped with furnished rooms, robust security systems, sports and recreational facilities, along with retail and dining options. Moreover, The Myriad organizes year-round activities that promote social interaction and personal growth among residents.
Recognition of The Myriad’s innovative approach has not gone unnoticed, garnering multiple accolades at prestigious events such as the World Realty Congress Awards and the Global Recognition Awards for community engagement. In particular, the brand clinched the title of Best Residential Project – Affordable Housing at the Arabian Best of the Best Awards in both 2024 and 2025. These achievements highlight The Myriad’s dedication to excellence in providing affordable yet high-quality housing solutions.
A key aspect of The Myriad’s operational framework is its partnership with Asset Living, a premier property management firm based in the United States that boasts a portfolio of over 450,000 residential units. This collaboration not only enhances the brand’s operational capabilities but also imbues it with valuable insights and standards from a global perspective, thereby elevating the overall living experience for students in the region.
“Our philosophy at The Myriad is to seamlessly blend affordability with high standards,” remarked Vik Rao, Group CEO of SHG and DHC. “Our resident-first approach is not merely about providing a place to stay; it’s about crafting safe, efficient, and joyful living environments that support students in their academic, social, and personal endeavors. Expanding The Myriad into Saudi Arabia is a logical progression for us, particularly considering the Kingdom’s fast-growing population of university-age individuals. The expansion reflects our unwavering commitment to meeting the housing needs of students in a rapidly changing educational landscape.”
The timing of this expansion is particularly relevant in light of Saudi Arabia’s ongoing development initiatives, which are meticulously designed to support high-value projects that elevate student-focused living. As the competitive landscape for student accommodation continues to evolve, The Myriad’s expansion is poised not only to meet existing demand but also to shape the future of student living in one of the region’s most dynamic economies.
As The Myriad embarks on this promising journey in Saudi Arabia, it stands as a testament to how thoughtful design and community-oriented living can significantly enhance the student experience, fostering an environment where academic and personal growth can flourish.
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