![\"Al-Maghtara](\"https:\/\/amlak.net.sa\/wp-content\/uploads\/2016\/06\/\u0645\u0632\u0631\u0639\u0629-\u0627\u0644\u0645\u063a\u062a\u0631\u0629.jpg\")
<\/a><\/p>\nA sovereign wealth fund has successfully closed the largest real estate deal ever recorded in the Kingdom. Sources familiar with the matter told Al-Matalaha that the fund purchased the farm of King Khalid\u2019s heirs in Dir\u2019iya, known as Al-Mughtara, The sources indicate that arrangements are currently being made to finalize the deal.<\/p>\n
According to reports, the farm\u2014for which a sales contract has been signed but which has not yet been transferred\u2014covers an area of seven million square meters, with a sale price of 700 riyals per square meter, for a total value of 4 billion riyals. The farm is located next to historic Diriyah, overlooks Wadi Hanifa, and currently includes date palm plantations and several private resorts.<\/p>\n
This deal comes at a time when the Al-Dir'iya Governorate has seen significant activity in recent months, marked by the sale and purchase of a number of well-known plots designated for agricultural use, as well as notable activity on residential land earmarked for residential and commercial development.<\/p>\n
Experts expect the Diriyah region to experience a significant boom in tourism and entertainment projects if the deal is finalized, based on recent real estate trends in Diriyah.<\/p>\n
The deal, which is expected to be finalized in the coming days, is the second-largest real estate transaction ever carried out in Saudi Arabia, following the sale of King Fahd\u2019s heirs\u2019 farm\u2014located north of King Khalid Airport\u2014which was sold in 2014 for 4.8 billion riyals and covers an area of more than 66 million square meters. with the sale price at that time amounting to 74 riyals per square meter.<\/p>\n
The Al-Mughtara Farm is distinguished by its proximity to the urban area and the Western Ring Road, as it borders directly on the Al-Khuzama neighborhood. No details have been disclosed regarding the future land use.<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> < 1<\/span> Minute<\/span><\/span> A sovereign government fund has succeeded in making the largest real estate deal recorded in the Kingdom, as informed newspaper sources confirmed that the government fund bought the farm of King Khalid's heirs in Diriyah, which bears the name Al-Mughtarah, and the sources indicate that some arrangements are currently being made to finalize the deal, and the sources indicate that some arrangements are currently being made to finalize the deal. According to follow-ups, the area of the farm, which was signed in ... Read more<\/a><\/p>","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[119],"tags":[],"class_list":["post-11653","post","type-post","status-publish","format-standard","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":""}},"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","trp-custom-language-flag":"","event-thumbnail":"","event-medium":"","event-large":"","event-hero":""},"author_info":{"info":["\u0627\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a<\/a>","tag_info":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/11653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=11653"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/11653\/revisions"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=11653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=11653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=11653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}