Al-Majidiya Builds 296 Homes in Medina

Dar Al-Majid Real Estate Company announced that it has signed an agreement with Jadwa Real Estate Fund to develop 296 residential units, including villas and apartments, as part of the "Musharaf Al-Majidiya" project in the Hadiya neighborhood of Medina. The total investment is expected to reach 185 million SAR, over a period of 24 months. The agreement covers the development of the central area and the overall site. This initiative is part of the company's efforts to strengthen its real estate projects and meet market demands, despite a 62% decline in profits in the second quarter of the year, which was due to a drop in land sales. The company focuses on developing, selling, and leasing properties, while supporting its expansion plans through banking facilities worth 500 million SAR.

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