A’ayan Real Estate announced the delivery of the first phase of the investment residential land development project in Al Hidd area by the end of this month. The real estate development portfolio owned by the company includes 13 piece of land stretched on an area of 85 thousand square feet.
The first phase of the project consists of two investment buildings that include 40 housing units on an area of 100 square meters per unit. These units feature modern designs and wonderful finishes in addition to the appropriate prices, which had been put after conducting several assessment studies for the development prices and rents in the area.
It is expected that by the end of this month the company will sign four other land development contracts as the second phase of the project, which will be completed during the second quarter of 2016.
Ammar Al-Shaheen, Assistant Director-General for Projects Development in A’ayan Real Estate Company, pointed out that the company has a plan to develop all lands in its portfolio that upon completion will include 260 housing units.