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Argaam Tools ×
Al-Dhahia Compound
Overview
The project includes building a residential compound in Rimal district in Riyadh over an area of 430.296 square meters, it will comprise 557 villas.
Project Information
Real Estate
- Real Estate > Landlords and developers
1130.00 (Million Riyal) * Estimate:
557 villas
Saudi Arabia
Riyadh
Rimal District
Completed
2014
2021
- The company completed the infrastructure works. By the end of 2017, the models of 56 residential units were completed.
- In June 2017, the company signed a construction contract with Saudi Real Estate Construction Co. to build 511 residential units at a total cost of SAR 538.2 million. The project is expected to be completed in Q4 2020.
- The commercial and office section of the project includes building a strip mall and home offices at a total cost of SAR 2.85 million. The contact will be finalized on obtaining building permits by the consultant.
- The company announced that the percentage of completion of the project amounted to about 87.44% in the fourth quarter of 2020 and it is expected to be completed during the second quarter of 2021.
- The company announced that 94% of the construction work for the project has been completed, in addition to the signing of contracts for the sale of residential units at a rate of 54%? The procedures for handing over the units of the first phase have started in 2020.
- The company announced that 284 units have been received from the project contractor, which was completed by 95% during the second quarter of 2021.
- The company announced the receipt of the entire project from the contractor during the fourth quarter of 2021, and coordination is underway to deliver the units to the beneficiaries.
- In its 2022 board report, the company revealed that all residential units were sold, and 529 units were delivered.
-
Owners
Name
Percentage
100.00%
Related Parties
Name
Role
Contractor
Project Developments
Top Saudi projects, expansions to watch in 2021Argaam Special11/01/2021
Here’s a look at top 17 Saudi projects to watch in 2020Argaam Special01/01/2020
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