Saudi Real Estate Company (Al Akaria) has reported that 94 percent of building work has been finished on its Al Dahya development, a key residential project consisting of 567 villas and other key amenities containing schools complex for girls and boys and mosques within Al Rimal district situated in the east of capital Riyadh.
Declaring steady progress on the project, Al Akaria provided that with work in full swing on the 430,296-sq-m project, it is because of the handover by the end of this month.
Agreements to sell around 54% of the residential units have effectively been marked, said the company in its recording to the Saudi bourse Tadawul.
While the delivery procedures of the residential units have effectively started for Phase One, the offer of the task’s Phase Two has been launched recently, it expressed.
The contracting work is being taken care of by its key auxiliary Saudi Real Estate Construction Company (Tamear).
Al Akaria had a year ago declared that the signing of a partnership agreement with the National Housing Company to help work with the Saudi Ministry of Housing’s recipients of the possession in Al Dahia residential venture.