Hamad and Ahmed Mohammed Al-Muzaini Real Estate Company revealed the launch of sales in the first phase of its residential project “East Gate” located within the urban extension east of Riyadh and next to the buildings of the Ministry of Interior, to be the first project developed by the private sector and provides quality housing units suitable for those entitled to housing support, and translates the directions of the Ministry of Housing to expand in real estate development and facilitate housing, after obtaining the off-plan sale permit (Wafi) and completing all the requirements of the Ministry of Housing, and managing all project work and all contracting work by AECOM.

The project is located on an area of 6.5 million square meters, translating the directives of the Ministry of Housing to create high-quality and affordable housing products, as the project received the approval of the Ministry of Housing to market the residential units to those who are eligible for housing support and those who have the approval of the Real Estate Development Fund.

The project is located on an area of 6.5 million square meters.

On this occasion, Hamad Mohammed Al Muzaini, Chairman of Hamad and Ahmed Mohammed Al Muzaini Real Estate Company (the developer of the project) announced the launch of sales in the project after Eid Al Fitr, which includes in its first phase 7,000 residential villas, worth 650 thousand riyals per villa, and the villas offered for sale are characterized by their different areas and a variety of external and internal engineering designs, to meet all tastes and in line with the financial ability of many families.

The project was approved by the Ministry of Housing to market residential units to those who are eligible for housing support and approved by the Real Estate Development Fund.

The “East Gate” project allows those eligible for housing support, and those who have a Real Estate Fund loan (500 thousand riyals), to apply to own a villa with a guarantee from the off-plan sales program, and can install the remaining 150 thousand riyals in installments over three years.

"Orient Gate" is the first affordable housing project launched by the private sector for housing support beneficiaries, and is an honorable model for the serious partnership between the private sector and the Ministry of Housing, which seeks to provide all real estate products for the citizen, leaving him free to choose the housing suitable for him and his financial capabilities, and targets citizens who are eligible for housing support, who have obtained a loan from the Real Estate Development Fund.

The project, which obtained a license for sale on the map from the Committee for Sale on the Map, targets citizens eligible for housing support, who have obtained a loan from the Real Estate Development Fund.