2024-Jul-11
In the heart of northern Riyadh, apartments for sale in Al-Arid district stand out as an ideal choice for those seeking distinction and luxury. This district combines a strategic location, a tranquil environment, and integrated amenities, making it a perfect destination for living and investing in apartments for sale in Riyadh's Al-Arid, presenting an unparalleled opportunity. Spanning 67 square kilometers, Al-Arid district benefits from a strategic location close to major landmarks of the capital, such as King Khalid International Airport and Princess Nourah bint Abdulrahman University. Additionally, its accessibility via modern and advanced road networks provides residents with ease of mobility, saving time and effort. If you are looking for apartments for sale in Riyadh, Al-Arid is the ideal choice. The apartments in Al-Arid are distinguished by their contemporary and elegant designs, and their varying sizes cater to different family needs. These apartments offer stunning views of the surrounding green spaces, ensuring a peaceful and comfortable living environment. Al-Arid district is one of the best options for those seeking apartments for sale in Riyadh. In this article, we will delve into the exploration of residential apartments available for sale in Al-Arid, highlighting the district's key features and advantages, as well as the factors that make it a prime destination for living and investment in Riyadh. We will also address potential issues you might encounter when considering and searching for an apartment for sale in Al-Arid, and review the projects by Asas Makeen in the district, discussing how these projects have addressed challenges faced by residents. Additionally, we will present impressions from Al-Arid residents and Asas Makeen clients regarding their experiences living and investing in this upscale neighborhood. Potential Challenges and Smart Solutions Despite the many advantages of Al-Arid district, there are some challenges you might face when considering and searching for apartments for sale in Riyadh's Al-Arid. Among these challenges: Traffic Congestion: The district may experience some traffic congestion during peak hours, especially in areas close to main roads. Distance from Certain Amenities: Some residents may find themselves far from essential services such as schools and hospitals, necessitating longer commutes. High Prices: The cost of apartments in Al-Arid might be higher compared to other neighborhoods in Riyadh, which could be a challenge for some buyers. Asas Makeen: A New Vision for Upscale Living in Al-Arid To overcome these challenges and provide a comprehensive living experience for those interested in ownership apartments in northern Riyadh, Asas Makin, a leading real estate development company, has entered Al-Arid with a fresh and innovative vision. The company’s strategy aims to deliver residential projects that meet the needs and expectations of residents while considering the environmental and social factors essential when searching for apartments for sale in Al-Arid. Asas Makeen Projects in Al-Arid: A Touch of Luxury and Elegance Asas Makeen has excelled in developing a range of distinguished residential projects in Al-Arid, which is one of the most upscale neighborhoods for clients looking for apartments in northern Riyadh. These projects include: Makeen 34: This project offers ownership apartments in Riyadh and consists of 254 luxury residential units featuring contemporary designs and spacious layouts. The project also includes a range of premium amenities such as lounges for men and women, a sauna, a gym, a steam room, a jacuzzi, and swimming pools for men, women, and children. So far, 98 units of this project have been sold. Makeen 35: This project provides apartments for sale in Riyadh with various unit sizes and views to meet all tastes and needs. The project features apartments in northern Riyadh located near schools and essential services, as well as recreational facilities such as fitness clubs and lounges. Makeen 50: This project is an architectural gem in the heart of Riyadh, featuring luxury residential units with indoor waterfalls, gardens, and courtyards. It also includes lounges and separate gyms for men and women, strategically located near Abu Bakr Al-Siddiq Street, King Abdulaziz Street, and King Khalid International Airport. 96 out of 104 units in this project have been sold. Makeen 52: This project offers ownership apartments in Riyadh with luxurious floors featuring modern designs and high-quality construction. The project stands out with its prime location in Al-Arid and provides units of various sizes to meet the needs of clients seeking a distinguished standard of living. Features of Asas Makeen Projects in Al-Arid All Asas Makeen projects in Al-Arid are distinguished by their high quality and innovative designs, making them an ideal choice for those seeking luxury villas and apartments for sale in Riyadh. Advantages Offered by Asas Makeen Projects Asas Makeen projects in Al-Arid offer a range of benefits that make them an excellent choice for both living and investing in northern Riyadh properties. Some of the standout features include: Contemporary and Elegant Designs: Asas Makeen projects feature the latest architectural designs and interior decorations, providing residents with a modern and sophisticated living environment. Comprehensive Services: These projects offer a wide range of services that cater to the needs of residents, including 24/7 security and surveillance, regular maintenance, and cleaning services. Recreational and Sports Facilities: Asas Makeen developments include various recreational and sports amenities, such as swimming pools, fitness clubs, and sports courts, ensuring a healthy and active lifestyle for residents. Expansive Green Spaces: The projects are characterized by their extensive green areas, offering residents a peaceful and relaxing environment. Stunning Views: Asas Makeen projects boast breathtaking views of Riyadh's landmarks, enhancing their aesthetic appeal. Asas Makeen: Overcoming Challenges and Providing an Exceptional Living Experience Asas Makeen understands that providing residential projects and apartments for sale in Al-Arid, Riyadh is not merely a transaction but a commitment to delivering a comprehensive and comfortable living experience that meets the needs and aspirations of residents, including those seeking investment opportunities in luxury serviced apartments in Riyadh equipped with the latest technologies. The company has not only provided modern designs and comprehensive services but also addressed the challenges faced by Al-Arid residents, turning them into opportunities to enhance quality of life and resident well-being. Innovative Solutions for Parking Issues: Parking is one of the most significant challenges in major cities, and Al-Arid is no exception. To address this, Asas Makeen has implemented innovative solutions in its projects within the neighborhood. For instance, in projects such as Makeen 34 and Makeen 50, spacious basement parking and additional external parking spaces have been provided to meet the needs of all residents and alleviate traffic congestion and parking shortages. A Quiet and Comfortable Environment Away from City Noise: Despite its strategic location in the heart of Riyadh, Al-Arid is known for its tranquility and serenity. Asas Makeen emphasizes this feature in its projects. The architectural design of the company's developments focuses on providing a peaceful and comfortable environment for residents, away from noise and congestion, ensuring complete privacy and comfort for those interested in Riyadh ownership apartments. Flexible Payment Plans to Suit All Budgets: Asas Makeen recognizes that financial capabilities vary among clients, which is why the company offers a range of flexible payment plans to accommodate different budgets. Whether you are looking for apartments for sale in Riyadh with installment options or immediate payment, you will find a suitable option in Asas Makeen's projects. Smart Homes for a Modern Living Experience: Asas Makeen keeps pace with the latest technological advancements in real estate. The company has equipped its residential units with smart home systems, particularly in the Makeen 50 project, to offer clients seeking Riyadh apartments for sale a unique advantage. This system allows you to control lighting, air conditioning, and other household devices remotely via your smartphone, providing you with convenience and control over your home from anywhere. Comprehensive Facilities and Services for Unmatched Luxury: Asas Makeen understands that an ideal home is not only about design and quality but also includes facilities and services that ensure a comfortable and luxurious lifestyle. Therefore, the company has ensured that its projects in Al-Arid provide a complete range of amenities and services, such as: Lounge for Men and Women: Elegant spaces for relaxation and enjoying time with family and friends. Sauna, Jacuzzi, and Steam Room: For rejuvenation and relaxation after a long day. Fully Equipped Fitness Center: To maintain physical fitness and health. Swimming Pools for Men, Women, and Children: For enjoying swimming and water sports at any time. Customer Praise: A Testament to Excellence and Success Residents of Al-Arid and clients of Asas Makin, particularly those looking for apartments for sale in North Riyadh, have expressed their complete satisfaction with their living experience in the company’s projects. They have praised the high quality of finishes, modern designs, integrated services, and the recreational facilities provided by the company. They also emphasized that Asas Makeen's projects have significantly enhanced their quality of life and well-being. These positive testimonials from customers are evidence of Asas Makeen's success in realizing its vision and mission, and confirm its commitment to delivering the best for clients seeking apartments for sale in North Riyadh. Purchasing an apartment in Al-Arid is both an investment and a residential opportunity not to be missed. With Asas Makeen's distinguished projects, those looking for apartments for sale in Riyadh can enjoy a luxurious and comfortable lifestyle in the heart of the capital. If you are searching for an ideal and luxurious apartment in Riyadh, do not hesitate to visit Asas Makeen's projects in Al-Arid.
Listing on the Parallel Market: A Strategic Step in Saudi Arabia’s Real Estate Development Sector The real estate development sector in the Kingdom of Saudi Arabia is undergoing significant transformations under Vision 2030, which aims to boost investments and create an economic environment that supports sustainable growth. One of the most important shifts is the move toward listing on the Parallel Market (Nomu), as many real estate development companies aim to expand their investor base and attract new capital to support their expansion plans.<br /> <br /> Listing on the Parallel Market<br /> is a step that reflects the maturity of the Saudi real estate market and its capacity to accommodate more institutional and individual investments. It contributes to increasing transparency and strengthening governance standards within the sector. The Importance and Impact of Parallel Market Listing on Real Estate Development Companies The Nomu Parallel Market is a strategic option for real estate development companies seeking sustainable growth without the full compliance requirements of the main financial market, making it an ideal environment for companies with strong financial and administrative performance records.<br /> <br /> Listing offers companies an opportunity to access additional financing, helping them expand projects and increase competitiveness. It also provides greater liquidity through more flexible stock trading. Moreover, being listed enhances trust and transparency, as companies are required to publish regular financial reports and updates, making them more attractive to individual and institutional investors.<br /> <br /> Listing also opens the door for real estate development companies to diversify their funding sources not relying solely on bank loans or private investments, but also leveraging the Nomu market as a platform to attract new capital to support future projects.<br /> <br /> Why Are Real Estate Development Companies Heading to the Parallel Market?<br /> <br /> The Nomu market is an ideal option for Riyadh-based real estate developers aiming to expand without being bound by the stricter requirements of the main market. Key benefits of listing include:<br /> <br /> • Access to new funding sources to support expansion projects • Increased liquidity through flexible share trading • Enhanced reputation and investor/client trust • Attraction of institutional and strategic investors who can support long-term growth<br /> <br /> The Listing of Asas Makeen in the Parallel Market:<br /> <br /> A New Growth Milestone Asas Makeen Real Estate Development Company has received approval from the Capital Market Authority to offer 10% of its shares on the Nomu Parallel Market a move that reflects the company’s maturity and readiness for a new phase of expansion and growth.<br /> <br /> Founded with an ambitious vision to lead the real estate development sector, Asas Makeen focuses on building high-quality residential and commercial projects that meet the growing demand in the Kingdom.<br /> <br /> Listing the company’s shares on Nomu offers a valuable opportunity for investors seeking businesses with strong financial foundations and clear future plans. This offering is expected to enhance Makeen’s ability to finance new projects and expand into new segments within the Saudi real estate market, as well as attract strategic partners and institutional investors to support its future growth. Additionally, the listing reinforces the company’s compliance with stricter regulatory governance standards, requiring periodic financial disclosures and the adoption of more transparent financial and administrative policies.<br /> <br /> This will enhance the company’s credibility among investors, clients, and business partners granting it a strong competitive edge in the market.<br /> <br /> In Conclusion: What Does This Listing Mean? The listing of Asas Makeen on the Parallel Market is a strategic step that demonstrates the company’s strength and ability to excel in the real estate development sector. It provides investors with the opportunity to be part of the company’s future growth journey, supported by a promising investment environment that encourages innovation and the development of modern real estate projects aligned with Saudi Arabia’s Vision 2030 goals.
The foundation of the nation is the beginning from which every Asas Makeen. On Founding Day, we return to the roots that created the present, and draw inspiration from the vision that drew the features of the future. Just as a solid foundation builds the glories of nations, a solid foundation consolidates the future of construction.
<br /> As part of its future strategy to keep pace with industry developments and improve quality of life, Asas Makeen announces its plans to launch a new hotel chain, introducing a modern Saudi brand in the hospitality sector that combines excellence and luxury at the highest international standards. This strategic expansion aligns with Saudi Vision 2030, which aims to advance tourism and establish the Kingdom as a premier global hospitality destination.<br /> <br /> A Unique Experience Blending Luxury with Innovation<br /> <br /> These hotels will offer a fully integrated hospitality experience, merging Saudi culture with contemporary design and advanced technology to provide an exceptional stay for guests. Strategically located near key cultural and tourist landmarks, the hotels will feature sophisticated spaces that seamlessly combine luxury and comfort. They will also incorporate the latest digital solutions, including smart services, digital check-in, and integrated room control, enhancing guest convenience and creating a distinguished hospitality experience.<br /> <br /> Strategic Expansion in Key Saudi Cities<br /> <br /> Asas Makeen plans to open several hotels in major cities across the Kingdom, catering to business travelers, tourists, and families seeking a world-class Saudi hospitality experience. This initiative underscores the company’s commitment to developing the hospitality sector and elevating service standards in Saudi Arabia. The hotel chain’s pilot launch is scheduled for the second quarter of this year, with further details on locations and features to be revealed soon.
<p>Asas Makeen Real Estate Development Company Announces Its Listing on the Parallel Market (Nomu) Asas Makeen Real Estate Development Company has announced receiving approval from the Capital Market Authority (CMA) for listing its shares on the Parallel Market (Nomu). This milestone marks a pivotal step in the company’s strategy to expand its operations and strengthen its position in the Kingdom’s real estate sector. A Transformational Milestone for Asas Makeen The listing of Asas Makeen on the Parallel Market is a testament to the confidence placed in the company by the Capital Market Authority. This achievement aligns with Saudi Vision 2030, which aims to support national companies and enhance their sustainability amidst the Kingdom’s major economic transformations. In this context, Mr. Abdulrahman bin Saud Al-Hadlaq, Founder and Chairman of the Board, stated: “We take pride, praise be to God, in what the company has achieved over 15 years of working with our success partners. We have contributed to the growth of the real estate sector by developing vital residential and commercial complexes in key locations across Riyadh, in line with the aspirations of Saudi Vision 2030 and its comprehensive renaissance.” Strategic Goals to Foster Growth Mr. Abdulrahman Al-Hadlaq, CEO of Asas Makeen, added: “Our listing on the Parallel Market represents a strategic step to achieve our expansion goals. We aim to strengthen our engagement with investors by offering exceptional investment opportunities. We remain committed to delivering innovative real estate projects that meet market needs and contribute to the development of the Kingdom’s real estate sector.” Significant Achievements and a Promising Future Asas Makeen has achieved remarkable growth in recent years, completing over 65 real estate projects with a total value exceeding SAR 1 billion in 2023. These projects include: • More than 150 residential buildings. • Approximately 180 villas. • Over 4,000 residential units. • Development of over 350,000 square meters of land and 700,000 square meters of built-up areas. Future Plans The company plans to enhance its portfolio of real estate projects and expand its geographic footprint to include more vital areas within the Kingdom, reinforcing its role in achieving the objectives of Saudi Vision 2030. The listing of Asas Makeen on the Parallel Market reflects its commitment to innovation and growth, reaffirming its leadership role in advancing the real estate sector in Saudi Arabia.</p>
<p>Asas Makeen Real Estate Development and Investment Company celebrated the renewal of the ISO 9001 Quality Management System certificate, in a special ceremony attended by the CEO of Manah Arabia, the certification body, who handed over the certificate to the company's senior management. This achievement confirms Asas Makeen commitment to applying the highest standards of quality and excellence in all its operations, enhancing its leading position in the real estate development and investment sector. During the ceremony, the internal audit team was honored in appreciation of their distinguished efforts that contributed to achieving this success, as they demonstrated high efficiency in improving operations and ensuring full compliance with the certification requirements. The CEO of Manah Arabia expressed his pride in the partnership with Asas Makeen Company and his confidence in the company's continued leadership and quality. For his part, the CEO of Asas Makeen, AbdulRahman bin Ibrahim Al-Hadlaq, confirmed that this achievement reflects the company's vision, which aims to provide integrated projects that meet customer aspirations and enhance business sustainability, stressing that the renewal of the ISO certificate is evidence of the company's commitment to continuous improvement and excellence in all areas of its work. Asas Makeen continues its commitment to continuous improvement and quality as part of its strategy to achieve excellence in all areas of its work.</p>