«Thabat Real Estate Development launches its first operation in Al Khobar with the development of Asib

Ahmed bin Mohammed Al-Osaimi, CEO of Thabat Real Estate Development Company

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Thabat Real Estate Development, one of the most promising real estate companies in the Kingdom, wholly owned by Abdul Qader Al Muhaidib & Sons Group, has announced the launch of its operations in the city of Khobar, where the company plans to start development work in early June on the Asib residential project, which consists of 3 plots of land with 53 luxury villas, strategically located in Tharwa, the newest smart city in the Eastern Province.

Thabat Real Estate Development has announced the launch of its operations in Khobar. <In this context, Mr. Ahmed bin Mohammed Al-Osaimi, CEO of Thabat Real Estate Development Company, pointed out that Asib is the company's first project; therefore, all the capabilities and expertise of the team were harnessed to create a new idea and give the beneficiaries a different experience when owning a villa in Tharwa, the newest smart city in the Eastern Province. The company will develop it with a high investment sense and the highest quality standards to keep pace with future visions on the living level and give its residents a modern residential community inspired by their identity, culture and lifestyle.

Al-Osaimi pointed out that the Asib project is unique in its location that blends luxury, sustainability and stability, and is characterized by its green spaces, integrated services, and modern construction standards, near the cities of Khobar and Dammam, and close to the most important vital points and arterial axes, as it is only a few minutes away from Dammam South Corniche, Al-Rakah area, Imam Abdulrahman bin Faisal University, and near all area services that make Asib project a residence and serenity.

Al-Osaimi added. <Al-Osaimi added: "We are committed to <a href=“https://www.thabatre.Thabit Real Estate Development to continue the high standard of Thabit and continue the success of the group over the past 45 years. The Asib project is a valuable opportunity for us to create a vibrant residential community that is the perfect embodiment of the ideal. A perfect embodiment of sustainable residential communities, blending authentic heritage with a beautiful present, providing all the options that meet the needs of Saudi families with the highest quality standards, best designs, high quality, and distinctive prices.

The launch of the Asib residential project emphasizes the importance of empowering the private sector and investing its potential in supporting and developing the sustainability of the local economy, which contributes to the prosperity of the Kingdom's various sectors and unites joint endeavors to raise the level of services provided to Saudi families, which was authentically reflected in the vision of Thabat Real Estate Development Company with its first project “Asib” with promising potential to implement the concept of sustainable living on the Kingdom's lands.

Thabat Real Estate Development Company's vision for its first project “Asib”, which has promising potential to implement the concept of sustainable living on the Kingdom's lands.