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Residential Land Development Project
The project aims to develop residential land in a strategic area to meet the local market’s needs for residential land.
The project will include dividing the land into residential plots of various sizes and providing all basic services such as roads, water and electricity networks, and public utilities.
The project will contribute to increasing the supply of residential land in the region and help meet the growing demand for housing in major cities.
The project will create job opportunities in the fields of construction, urban planning, and maintenance.
Opportunity Content
Rationale for choosing the project
Growing demand for residential land:
The Kingdom’s growing population is driving many citizens to seek land to build their own homes.
Urbanization in major cities:
Major cities such as Riyadh, Jeddah, and Dammam are witnessing significant urbanization, boosting the value of residential land.
Government support for real estate development:
The government supports residential land development by providing the necessary licenses and infrastructure to attract investors.
High investment returns:
Investing in residential land development yields high investment returns, as the value of land increases with urban development.
Demand analysis
Saudi families looking for land to build their own homes.
Real estate investors who want to develop residential projects on these lands.
Market trends:
The residential land market is expected to grow by 6-8% annually, especially in major cities and new areas.
Analysis of competition:
Competition with major real estate developers, but growing demand provides multiple investment opportunities.
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