Kolaboro / Projects / Saudi Arabia
Sky Tower: reviews and facts
What is published about Sky Tower in Al Ulaya, Downtown Riyadh, Saudi Arabia, what official registers and other sources say, and what changed over time. Facts only, each with its source.
- Developer
- First Projects propertyfinder.sa
- Location
- Al Ulaya, Downtown Riyadh, Saudi Arabia
- Stage
- stage not published propertyfinder.sa
- Handover on record
- December 2026 propertyfinder.sa
- Permit or licence number
- Wafi 75/1 propertyfinder.sa
- Deposit protection
- not researched yet
- Page we read
- propertyfinder.sa
listing page (not the developer's site) propertyfinder.sa - Last checked
- 3 Nov 2026
- Open data record
- KSA-003
In short
- Sky Tower is listed as stage not published in Al Ulaya, Downtown Riyadh, Saudi Arabia, by First Projects. propertyfinder.sa
- The handover date on record is December 2026. propertyfinder.sa
- A permit or licence number is published. propertyfinder.sa
- Of 5 developer claims we checked, 0 are confirmed by a register or an independent source, 5 are not yet verified and 0 are contradicted by another source. Open data record
What is promised
As published by the developer or on listing pages, in the wording of the source.
- Price from: SAR 1,180,000 propertyfinder.sa
- Unit types: studio, 1BR, 2BR, 3BR, duplex propertyfinder.sa
- Ownership: Freehold claimed; non-Saudi zone eligibility not confirmed propertyfinder.sa
- Permit authority: Real Estate General Authority (REGA) Wafi programme propertyfinder.sa
- Construction start: March 2023 propertyfinder.sa
- Handover promised: Q4 2026 propertyfinder.sa
- Wafi license 75/1 (Property Finder) propertyfinder.sa
- construction started 1 Mar 2023, expected completion 31 Dec 2026 propertyfinder.sa
- launch price SAR 1.2M (from SAR 1,180,000) propertyfinder.sa
- studio to 3BR and duplexes on King Fahd Road propertyfinder.sa
Delivery and delay record
Every dated promise we found, how it changed and whether the date has passed. Status rules: promise tracker.
- Handover or completion: December 2026 date still ahead
our research record of 31 Oct 2026 propertyfinder.sa
Permits and licences
- Number published: Wafi 75/1. propertyfinder.sa
- Wafi license 75/1 on Property Finder listing; not checked on REGA Wafi propertyfinder.sa
Live check in the official registers
Queries the official registers we can reach for this country now and shows what each returns. Each answer is hashed (SHA-256); nothing is invented, a register with no data says so.
The six buyer checks
Public means the information is published. The level says who confirms it. Method: how we score.
| Check | Public | Who confirms it | What we found |
|---|---|---|---|
| Permit or licence number | yes | stated only by the developer | Wafi license 75/1 on Property Finder listing; not checked on REGA Wafi propertyfinder.sa |
| Deposit protection | no | not published | None published propertyfinder.sa |
| Construction progress | no | not published | Only start and expected completion dates propertyfinder.sa |
| Floor or site plans | yes | not published | None propertyfinder.sa |
| Developer track record | no | not published | None found propertyfinder.sa |
| No guaranteed returns | no | stated only by the developer | No guaranteed returns language found propertyfinder.sa |
Developer claims we tested
| Claim (source wording) | Result | Checked against | Source |
|---|---|---|---|
| Wafi license 75/1 | not verified yet | propertyfinder.sa | |
| Completion 31 Dec 2026 | not verified yet | propertyfinder.sa | |
| Freehold | not verified yet | propertyfinder.sa | |
| Escrow account | not verified yet | palmera.realestate | |
| Plot inside an approved non-Saudi ownership zone | not verified yet | palmera.realestate |
What changed, with dates
- 3 Nov 2026: plans published: - to yes propertyfinder.sa
- 1 Nov 2026: plans published: - to yes propertyfinder.sa
- 1 Nov 2026: guaranteed-return language: no to yes propertyfinder.sa
- 1 Nov 2026: plans published: yes to - propertyfinder.sa
- Fingerprint of the developer page text on 3 Nov 2026: SHA-256
a921092438572940.... Anyone can check it on kolaboro.com/verify. kolaboro.com/verify
Public reports
What public sources report, with the link. We list reports; we do not judge the developer.
- No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read.
About the developer
- None found propertyfinder.sa
Similar projects
- Four Seasons Private Residences Jeddah Saudi Arabia · under construction
- Manazel AlHadawi Saudi Arabia · off-plan
- Neptune, Interiors by Mouawad Saudi Arabia · under construction
- Four Seasons Private Residences Red Sea at Shura Island Saudi Arabia · under construction
- Dyar Al Haram (Phase 1 towers and Phase 2) Saudi Arabia · under construction
Market context: Saudi Arabia
- We track 7 projects in Saudi Arabia. 14% publish a permit or licence number and 29% state deposit protection. kolaboro.com/m
Buyer reviews
There are no verified buyer reviews of Sky Tower yet. We publish a review only from a buyer who proves the purchase (fingerprint of the contract or receipt, signed with a passkey) and only after a moderator has read it.
Reviews waiting for moderation are not shown.
Right of reply
Are you the developer? Send documents and we add your reply to this page. Found a wrong fact? Tell us and we correct it with a dated note.
Reply as the developer Report a correction Questions to ask the developer
Before you pay
Paste the project link for a free live check of what official registers say. For a full desk review and a site visit by a local agent, order the pre-purchase check.
Questions buyers ask
Is Sky Tower legit?
Kolaboro does not label projects or developers. What the public record shows: A permit or licence number is published. Of 5 developer claims we checked, 0 are confirmed by a register or an independent source, 5 are not yet verified and 0 are contradicted by another source. The handover date on record is December 2026. No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read. Check the sources on this page and ask the developer for documents before paying.
When will Sky Tower be delivered?
The handover date on record is December 2026.
Who is the developer of Sky Tower?
First Projects, according to the sources listed on this page.
Does Sky Tower have a permit or licence?
A permit or licence number is published: Wafi 75/1.
Are there reviews of Sky Tower?
There are no verified buyer reviews yet. Buyers who prove their purchase can submit one; it is published after moderation.
Sources
Every fact on this page links to its source. Pages we read are fingerprinted and kept by date.
- propertyfinder.sa https://www.propertyfinder.sa/en/new-projects/first-projects/sky
- rega.gov.sa https://rega.gov.sa/en/eservices/wafi-off-plan-sales-and-lease/
- palmera.realestate https://www.palmera.realestate/saudi-arabia/blog/off-plan-saudi-arabia-payment-plans-escro...
Last checked 3 Nov 2026. How we collect data: data policy. Facts quoted from sources are shown in the language of the source.