Riyadh real estate market sees new investments
The Riyadh real estate market has reportedly been warming up in September, with large investments being pumped in especially to the northern parts of Saudi Arabia’s capital city. The indicated investments are valued at over 400 million Saudi riyals ($106 million), reported Al-Sharq Al-Awsat.
Among the investors is the Abdullah Bin Muhamad Bin Saidan and Sons Real Estate Company which applied to divide plot number 10 into various residential and commercial units.
Of these, 248 are medium-sized lots, with 400-630 square meters; 288 are smaller 300 square meter lots; and the remaining 144 lots spread over a 1,000 to 1,400 square meter area, intended for the construction of mansions. — (Mena Report)
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