<Rafal Real Estate Development Company, a leading Saudi company in the development of real estate services and products, has unveiled the first project of Dar Al Ibdaad, its new arm that specializes in offering and building real estate units for the beneficiaries of the Ministry of Housing, in Dammam. The complex was established on an area of more than 2.3 million m2, and includes 728 townhouse units, designed on two models, “Soraya” and ”Rehab”, where the area of the Soraya model is 249 m2, while the area of the Rehab model is 275 m2, in order to provide citizens with the option to choose the model of the units that suits them.

In this context, Abdulrahman Bajneed, CEO of Rafal Real Estate, emphasized that the designs of the project were designed by experienced engineers and award-winning local and international companies; “to combine originality and modernity, and provide an ideal family environment that suits all tastes, without compromising quality standards, providing a modern integrated environment that contains all the elements of pleasure, safety, services and facilities.”

Bajneed added that the designs of the project were designed by experienced engineers and award-winning companies. <Bajnaid added that the announcement of Dar Al Ibdaa aims to keep pace with the developments and opportunities created by Saudi Vision 2030, and to compete in meeting the large demand for subsidized units by the Ministry of Housing, which provides promising opportunities for investors and housing seekers, He emphasized that the company was established to meet the needs of investors and housing seekers. Through innovative thinking based on creating residential projects within international quality standards, while preserving the company's heritage and core values, and working fully to meet customer satisfaction.

Rafal's CEO pointed out that the partnership system in which the Ministry of Housing works today with real estate developers has helped create housing units with a variety of options, specifications and appropriate prices, which contribute to the development of a real real estate industry and market, and also contribute to ensuring the rights of all parties, and the continuation of the economic cycle of the real estate market."

Rafal's CEO pointed out that the partnership system that the Ministry of Housing operates today with real estate developers. <Rafal Real Estate Development Company is one of the most important companies that provide a package of integrated solutions for the real estate market in the Kingdom, and the company works in the fields of residential, hotel and commercial real estate development, in addition to providing key supporting services, such as: Sales, leasing, investment and project management. Founded in Riyadh at the end of 2007, Rafal has been able to strengthen its leadership and excellence by developing high quality vertical and horizontal residential suburbs with a focus on middle-income earners and a commitment to delivering increasingly valuable assets to its partners and customers.

Rafal is a leading provider of integrated solutions for the Saudi Arabian real estate market, operating in the fields of residential, hotel and commercial real estate development.