We made sure to provide housing that meets the needs of families at an affordable price
The 6,546 square meter "East Gate" suburb project has received a great deal of attention.929 square meters, has received great interest from the real estate community and those interested in the issue of housing, due to its real estate and financing solutions in cooperation with the Ministry of Housing, the Real Estate Development Fund and the private sector, and since the launch of sales operations in the project, which is characterized by its strategic location in eastern Riyadh, citizens came to buy, giving an indication of the market thirst for such projects that touch to meet the needs of housing recipients. Amlak Real Estate Newspaper conducted an interview with Engineer Ahmed Mohammed Mohammed Al-Muzaini, CEO of Hamad and Ahmed Mohammed Al-Muzaini Real Estate Company to shed light on the "East Gate" suburb project developed by the company. Amlak Real Estate Newspaper
First, tell us how the idea of the project started?
In fact, the difficulty of ownership is a concern for those entitled to housing, so we were keen to provide housing that meets the needs of families at a reasonable price, and designs and options that allow those wishing to choose a variety of options that suit all tastes. In fact, the difficulty of ownership is a concern for housing beneficiaries.
The "East Gate« residential suburb project, how did you start implementing it to be a model project complete with services and facilities?
Through studies of the market reality, we were able to come up with this project that fulfills the aspirations of many classes of families because of its multiple options for purchase suitable for everyone, especially for those entitled to housing support from the Ministry of Housing and Real Estate Fund, provided that it contains all the service, entertainment and shopping facilities that residents need, and the "East Gate" is a model project that fulfills all aspirations. The East Gate is a model project that fulfills all aspirations.
Which customers are you targeting in the project?
Thank God, the "Orient Gate" project is under the umbrella of off-plan sales, and our offers target everyone, including those eligible for housing support and the Real Estate Fund who have been approved in Riyadh city and may reach 80% and 20% who do not meet the conditions, and the buyer has only 150 thousand SAR (out of 650 thousand SAR) paid over three years without interest.
Where is Sharq Gate located and what are its features?
Located in eastern Riyadh in a strategic area between Dammam Road to the north, Khurais Road to the south and King Abdullah Security Leadership Project to the west, very close to government and service facilities, and easy access to the city center.
In addition to the distinctive location, the importance of the East Gate suburb lies in the strength of the technical specifications, and appropriate prices that suit the economies of Saudi families, and the completion of the sale in record times in our keenness to fulfill the wishes of the citizen, so we have created distinctive financing solutions, fully compatible with the conditions and requirements of the Ministry of Housing in its contracts with private real estate development companies, in order to provide residential products that take into account the privacy of the Saudi community at very competitive prices. Are there models that the customer chooses?
We have 7000 villas of different sizes, and the engineering designs vary according to the types of villas, which are divided into six different types and the customer can choose what suits him from these models, as we were keen to meet all tastes such as the presence of swimming pools, annex, front setback, outdoor kitchen or a room on the ground floor (each type has special features that differ from others)
Iris Villas (land area 250 m2 - total area 316 m2). Iris Villas (land area 250 m2 - total area 316 m2).
Jasmine Villas (land area 250 m2 and total area 285 m2). Orchid Villas (land area 250 m2, total area 268 m2). Tulip Villas (land area 250m2, total area 300m2). Narcissus Villas (land area 250 m2 - total area 294 m2). Narcissus Villas (land area 250 m2 - total area 294 m2).
Lotus Villas (land area 250 m2, total building area 299 m2). Lotus Villas (land area 250 m2, total building area 299 m2).
How much is the price of the villa?
The price of the villas is standardized at SAR 650 thousand for all designs and models.
What about the infrastructure of the project?
The project is implemented in two phases, first starting with the infrastructure and we have made a good progress in it, and then there will be negotiations with a number of large contractors, and we are keen to choose the distinguished ones so that the delivery of projects is on time, AECOM was chosen to supervise all stages of the project development, due to its long experience in this field and its success in completing similar projects in a number of countries around the world, and works in more than 150 countries around the world, and AECOM is considered one of the strongest international companies in the field of management and implementation of new cities. Is there a single contractor to build the housing units?
It cannot be one and it is difficult to find one contractor to implement the project, because there is a time commitment and contracts with the buyer and must be implemented as soon as possible to fulfill the customer, and there are clear conditions and penalties in the case of leasing. There are clear conditions and penalties in the case of leasing. What about the guarantees provided by the project?
Building according to the Saudi code and there are many guarantees including:
10-year construction warranty. 10 years.
15 years heat pipe warranty. 15 years heat pipe warranty.
25 years electric drum warranty. 25 years electric drum warranty.
3 years warranty for mixers. 3 years warranty for blenders.
15 years warranty on fixtures. 15 years warranty on fixtures.
10 years waterproofing warranty. 10 years waterproofing warranty.
1 year villa maintenance warranty. 1 year villa maintenance warranty.
What are the facilities and services within the project. The project provides integrated services and facilities at all levels of health, education and recreation, where the following has been approved:
168.5 thousand square meters to establish 15 schools. 168.5 thousand square meters to establish 15 schools.
43,000 square meters for the construction of a hospital, health centers, and an ambulance center.
The construction of 31 mosques on an area of 135.5 thousand square meters.
3250 square meters to establish a women's home for memorizing the Holy Quran.
623 thousand square meters in the establishment of public parks as recreational areas and open areas.
The project contains a police station, civil defense, Red Crescent, and other services. The project contains a police station, civil defense, Red Crescent, and other services.
What is your marketing plan?
Alhamdulillah, our steps are going well in marketing, and in just 6 days we have sold more than 15% of the project, and as I said, we are targeting all segments of society.
Excerpts from Ahmed Al-Muzaini's interview:
We have contracted with international companies selected from among the best organizations to supervise and manage the project.
We are committed to the off-plan sales contracts and the requirements of the Ministry of Housing and there are penalties for delays. We are committed to the off-plan sales contracts and the requirements of the Ministry of Housing.
We were keen on designs that meet the needs and characteristics of the Saudi family, and the excellence in designs was with the success of God and then by choosing different architectural houses for architectural designs, so we appeared with excellence in designs and forms offered to the housing student with different tastes. Designs and forms offered to the housing student with different tastes.
There is no doubt that the project is gigantic, so we were keen to have more than one contractor, but under the supervision and management of a specialized American company with great experience in implementing such projects and has won several awards and excellence in performance.
Final Word I would like to thank Amlak Real Estate Newspaper for hosting us and enlightening citizens about the East Gate project, which we hope will fulfill our ambitions by contributing to solving the housing issue in the region.
