Investment in Real Estate
The real estate department within Alrajhi Real Estate Investment Company is responsible for investments in compounds and commercial and offices centers. In addition to join ventures and strategic partnerships contracts with a number of the most reputable companies specialized in operating commercial centers and residential compounds that have a vast experience in the Saudi market. Also, the department is responsible for managing and operating facilities, managing contractors’ contracts and follow-up of rehabilitation and developments of properties.
The real estate portfolio includes a large number a different investment projects, in which some of them are under construction in Riyadh, Makkah, Madinah, Eastern Province, Hail and Tabouk regions. Currently, the company is working on diversifying its future projects to cover all regions in Saudi Arabia.
Real Estate projects
Sharq Plaza Center in Riyadh City, which includes a commercial center and offices with a total land size of 21,377 sqm.
The real estate projects include a group of different investment options totaling 6 projects diversified across a number of regions within Saudi according to the market study. Some of the most prominent projects are:
- “AJA” Residential Towers in Hail city, which is comprised of 14 residential towers with different heights that include 350 high-end residential units of different sizes and some commercial showrooms.
- Altawon residential project in Riyadh city with a land size of 12,796 sqm. The project concept is to build modern residential apartments for sale equipped with all services.
- Alsafa commercial/offices building project in Riyadh city with a land size of 2,916 sqm. The project concept is to develop a 3 floors building that include 6 showrooms and 18 managerial offices.
OUR LATEST INVESTMENT
Crowne Plaza Madinah
Modern comfort and traditional hospitality in the City of the Prophet.