Announced Umm Al-Qura Development and Construction Companythe owner, developer and operator of the Route destinationhas announced the sale of two plots of land within the project with a total area of 7,408.58 square meters, in a deal that reinforces the company's investments in developing its real estate assets.

The company's statement published on the “Tadawul” platform revealed that the total value of the transaction amounted to 228.4 million riyals, where the first plot recorded a value of 112.6 million riyals, and the second plot 115.7 million riyals, noting that these amounts do not include taxes and fees borne by the buyer.

The statement explained that the book value of the two plots before the sale amounted to SAR 93.4 million, as the value of the first plot was SAR 44.6 million and the second was SAR 48.7 million, reflecting the company's realization of a significant financial difference between the market value and the book value of the assets sold.