Azad Real Estate Company announced the purchase of 70,000 square meters of land in Jeddah, Al Rawda neighborhood, located at the intersection of Prince Sultan Road and Prince Saud Al Faisal Street, where the land is strategically located in a vital area with a high population density, the availability of modern services and facilities and its proximity to vital landmarks, making it an ideal destination for various development projects.

This transaction is part of Azad Real Estate's strategy to expand in vital locations in the Kingdom and develop modern projects with quality standards in line with Vision 2030 to promote sustainable urban development. It is worth noting that this deal comes within Azad Real Estate's strategy to expand in vital locations in the Kingdom and develop modern projects with high-quality standards in line with Vision 2030 to promote sustainable urban development and enhance its position as one of the leading companies in the real estate development sector.

In this context, Mr. Azad said. <Mr. Ayman Al Barti, CEO of Azad Real Estate, said: ”This transaction represents a strategic step towards expanding in key locations in Jeddah, as we aim to provide innovative real estate solutions that meet the growing market demands."

”Through our investments, we seek to achieve long-term sustainability by developing integrated projects that support the local economy and enhance infrastructure efficiency, ensuring the best returns for investors and society."

The CEO of Azad Real Estate added: "Through our investments, we seek to achieve long-term sustainability by developing integrated projects that support the local economy and enhance infrastructure efficiency, ensuring the best returns for investors and society. Jeddah's real estate sector is witnessing rapid development, driven by high demand for mixed-use projects that offer sophisticated residential and commercial environments, reflecting the city's significant economic growth. Jeddah, thanks to its strategic location and being a vital economic center, is a magnet for local and international investments, especially with regulatory reforms that have boosted investor confidence.

About Azad Properties

Azad Properties was established in Jeddah in 2017 as a leading company specialized in the development and management of commercial assets such as malls and warehouses. The company offers integrated services that include leasing, operation, and marketing, with a focus on innovation and quality. Azad has a diversified portfolio of assets, enabling it to meet the needs of a diverse market and attract clients from different sectors. The company contributes to the realization of Vision 2030 through sustainable commercial and logistics projects that support economic growth and provide promising investment opportunities.