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Real Estate Authority approves 685-unit project worth over 346M Riyals

Real Estate Authority approves 685-unit project worth over 346M Riyals

The General Authority for Real Estate has issued licenses for five real estate contributions in the cities of Riyadh and Khobar, aimed at developing 685 residential units with investments exceeding 346 million riyals. The projects vary between residential and commercial sectors, and their implementation is expected to take between 18 and 36 months after the contributions certificates are issued to investors. These contributions help enhance real estate financing and investment, accelerate construction, and increase the supply of residential and commercial units, thereby supporting the sustainable and economic development of the Kingdom.

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