Saudi-based Al Ramz Real Estate Company has announced that it has acquired a prime 8,600 sq m plot of land in Al Malqa district of the capital Riyadh for the development of a residential project comprising 135 apartments along with premium amenities.
The Kingdom of Saudi Arabia has reached a major milestone in restoring degraded land, announcing the rehabilitation of one million hectares under the Saudi Green Initiative, demonstrating that large-scale land restoration is achievable even in some of the world’s most water-scarce environments.
Makkah Construction and Development Company has bought 6,986 sq m of land at an auction for SAR980 million ($261 million). The plot, which is in close proximity to the Grand Mosque, is ideal for setting up a mixed-use project featuring a hotel and a mall, it said.
ROSHN Group has signed four land sale agreements within its large-scale integrated community - ALAROUS - in North Jeddah. Valued at over SAR448 million ($119 million), the deals span over 87,000 sqm set for new residential and mixed-use projects.
Object 1, a key real estate developer, has closed a AED4.5 billion ($1.22 billion) multi-plot land deal in Abu Dhabi, marking a significant step forward in its expansion into the capital. The developer has acquired four waterfront plots on Al Reem Island with a development area of over 2 million sq ft.
