More than SAR 250 million in sales of the first real estate fund for a residential scheme in Riyadh<\/p>\n
Riyadh-Property
\nLast week, Salman bin Abdullah bin Saeedan Real Estate Group and The Investor Financial Company completed the sale of the Saeedaniya scheme (The Investor Scheme Fund) south of Riyadh, achieving sales exceeding SAR 258 million, with an attendance of more than 3,500 personalities and real estate professionals.
\nThe attractiveness and moderation of prices, as well as the number of attendees reflected the level of demand, which varied between individual demand for residential plots and investment demand for balconies, and the sale prices ranged from 310 riyals to 480 riyals per meter for residential plots, and (shawatirs) were sold at 200 riyals per meter, while sales for commercial plots ranged from 500 to 630 riyals per meter for plots located on (60 m) Street.
\nAbdullah Al-Fouzan, Chairman of the Board of Directors of Al-Mustaqeemer Securities Company, said: \"At the outset, we thank Almighty Allah for completing the sale of (Al-Saidaniya Scheme Investor Fund) in record time despite the size of the scheme and the large number of pieces, and despite the keenness of the brothers in the Salman bin Saeedan Group to sell part of the scheme as pieces, which may take more time, but it is important to fulfill the demands of all attendees, whether from investors in the fund, or from other developers and consumers.
\nAl-Fouzan thanked the developer of the project, Salman Bin Abdullah Bin Abdullah Bin Saeedan Real Estate Group, as well as the marketer, Aqari, for making the auction a success and achieving the most important goal of serving investors in this fund, pointing out that the profits will be announced in the coming days, God willing.
\nFor his part, Salman bin Abdullah bin Saeedan, President of Salman bin Abdullah bin Saeedan Real Estate Group, considered that the sale of the entire plan with a variety of demand between pieces and blocks, and in a time that did not exceed 5 hours, confirms the attractiveness of land products for all, both consumers and investors, especially when these products are fully serviced sites, regardless of the location of the plan. Especially when these products are in fully serviced locations, regardless of the location of the plan, which is certainly a scene that reflects the growing demand for housing products.
\nBin Saeedan concluded by saying that the group is ready to cooperate with financial institutions to develop real estate projects through diversified and innovative real estate funds, whether in Riyadh or in other cities that, like the capital, are witnessing remarkable real estate activity.
\nThe plan, located south of Riyadh and north of the refinery (Aramco), includes 727 residential and commercial plots, while the plan is characterized by its proximity to highways and the new second ring of Riyadh, and the availability of water, electricity, lighting, and paving services.
\nIt is noteworthy that Al-Saidaniya is located in a distinctive area due to its proximity to vital places next to Al-Dar Al-Baradida neighborhood, Al-Aziziyah neighborhood, and near the First Industrial City, Second Industrial City, Third Industrial City, Saudi Aramco Refinery Station, and South Riyadh Housing, in addition to a number of major industrial companies' headquarters.<\/p>","protected":false},"excerpt":{"rendered":"
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