<Maskan Arabia, the leading real estate developer in Saudi Arabia, has presented an ambitious plan to exploit the promising potential and great future of the real estate sector in Saudi Arabia by pumping new investments in the real estate market to keep pace with the tremendous growth trends in the local market and its desire to increase the supply of housing units.
Maskan Arabia revealed details of its future strategic plan, which includes doubling the size of its portfolio of residential projects over the next two years, in line with its strategy to bridge the gap between supply and demand for housing in the Kingdom and strengthen its position in the real estate development sector.
The company's unveiling of the details of its new projects coincides with the launch of the sales campaign for a group of residential units within the first phase of the villas of the residential project «Retaj» located in the Yasmin neighborhood north of Riyadh on an area of 114,232 square feet, which is being developed by the company for the project «Blom Investment Fund Maskan Arabia Real Estate Development».
Hussam Al Rashoudi, CEO of Maskan Al Arabia, said: «Upon the completion of our current housing projects, including Rataj, one of the largest residential projects developed by the company north of Riyadh, consisting of 292 residential units, the total number of residential units delivered by the company will reach 406 units, while the company plans to reach more than 800 units over the next two years.«
Engineer Al Rashoudi stressed that in addition to the »Retaj« project, the company has an ambitious plan to launch a new set of housing projects, most notably the »Al Qasba« project inspired by Andalusian and North African designs, which consists of 46 villas with an area ranging between 500 - 600 square meters per villa, and the project is located in an upscale area in the Hattin neighborhood (Al Thaghar), which is characterized by vitality, services and markets.
Maskan Arabia revealed details of its future strategic plan, which includes doubling the size of its portfolio of residential projects over the next two years, in line with its strategy to bridge the gap between supply and demand for housing in the Kingdom and strengthen its position in the real estate development sector.
The company's unveiling of the details of its new projects coincides with the launch of the sales campaign for a group of residential units within the first phase of the villas of the residential project «Retaj» located in the Yasmin neighborhood north of Riyadh on an area of 114,232 square feet, which is being developed by the company for the project «Blom Investment Fund Maskan Arabia Real Estate Development».
Hussam Al Rashoudi, CEO of Maskan Al Arabia, said: «Upon the completion of our current housing projects, including Rataj, one of the largest residential projects developed by the company north of Riyadh, consisting of 292 residential units, the total number of residential units delivered by the company will reach 406 units, while the company plans to reach more than 800 units over the next two years.«
Engineer Al Rashoudi stressed that in addition to the »Retaj« project, the company has an ambitious plan to launch a new set of housing projects, most notably the »Al Qasba« project inspired by Andalusian and North African designs, which consists of 46 villas with an area ranging between 500 - 600 square meters per villa, and the project is located in an upscale area in the Hattin neighborhood (Al Thaghar), which is characterized by vitality, services and markets.
The project is located in an upscale area of the Hattin neighborhood (Al Thaghar), which is characterized by vitality, services and markets.
