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Mixed Residential Complex Development Project (Apartments, Villas)
This project aims to develop a mixed residential complex that includes residential units of different categories, including apartments and villas, to meet the needs of different segments of the community. The project will provide a diverse residential environment with shared facilities such as swimming pools, gyms, parks, and recreational areas.
The complex will contribute to the enhancement of modern urban areas by providing an integrated residential environment that combines comfort and luxury.
The project will attract families and young professionals, and enhance the value of real estate in the area.
Opportunity Content
Rationale for choosing the project
Population growth and growing demand for housing:
The Kingdom is experiencing continuous population growth with an increasing number of young people. According to statistics, the demand for housing units is expected to continue to rise due to the increase in marriage rates and the formation of new families.
Shift towards integrated residential complexes:
Many citizens and residents in Saudi Arabia prefer to live in residential complexes that provide all basic services and entertainment in one place, which enhances convenience and safety.
Saudi Vision 2030:
Vision 2030 supports urban development projects and the development of integrated residential complexes to enhance the quality of life and improve the standard of living in the Kingdom.
Lack of supply of mixed-use residential projects:
Despite the increase in residential projects, there is still a gap in the market for integrated residential complexes that combine apartments and villas, which enhances the chances of project success.
Trend towards a modern lifestyle:
Many residents today prefer to live in communities that offer facilities such as gyms, swimming pools, parks, and small shopping centers, adding to the attractiveness of the project.
Demand analysis
Target groups:
Middle and high-income Saudi families.
Young people about to get married.
Foreign residents working in large corporations.
Real estate investors looking for long-term investment returns.
Demand drivers:
Increase in the young population looking for modern and affordable housing.
Improved income and standard of living, which pushes families to look for bigger and better homes.
Rapid urbanization in major cities and surrounding suburbs.
Government facilities in obtaining real estate loans for citizens.
Analysis of competition:
Competition in the residential real estate market is mainly concentrated in traditional projects (separate apartments or villas).
The mixed residential complex is a competitive opportunity to meet the needs of a large segment of the population looking for an integrated residential environment.
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