Aqari Real Estate Marketing Company—a subsidiary of Salman bin Abdullah bin Saidan Real Estate Company—is offering the Al-Hamra development for sale at a public auction in the city of Buraidah on Sunday, 27/08/1436, corresponding to 14/06/2015, It comprises 55 investment lots (four stories) suitable for lodging, furnished apartments, and rental units.
The Al-Hamra Development is located in the city center, between the central and northern neighborhoods of Buraidah, which are connected by King Abdulaziz Road, Othman bin Affan Road, and Abu Bakr al-Siddiq Road. It also connects eastern Buraydah with western Buraydah via King Saud Road and Ali ibn Abi Talib Road. Al-Hamra Development features a mix of residential, commercial, and multi-story investment properties, comprising 55 lots with areas starting at 600 square meters.
Salman bin Abdullah bin Saidan, Chairman of the Group, said: “The launch of the Al-Hamra development in Buraydah is an extension of the Group’s investment and marketing diversification strategy outside the capital, which now spans Riyadh, Al-Kharj, Al-Muzahmiyah, Buraydah, and Jazan.He noted that the development, which will be offered for sale at a public auction in Buraidah next week, is a new and important initiative for marketing investment real estate products. We believe that diversifying these offerings into other cities outside the capital is crucial, because the private sector—which enjoys significant support from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, may God support him—requires adequate infrastructure, and perhaps one of the most important aspects of infrastructure development is the creation and marketing of diverse investment products that are within the means of small and medium-sized business owners.
