With the economic acceleration in the Kingdom of Saudi Arabia, especially in the capital, Riyadh, the real estate development sector continues its vitality and is expected, God willing, to achieve significant growth during the coming period, thanks to the strategic plans of the government in accordance with the Kingdom’s Vision 2030.

From this point of view, Derayah Financial and Tariq bin Muhammad Abu Moati Real Estate Office announce the completion of the offering of Derayah Al-Yasmeen Hills Real Estate Fund (a closed-end private fund), which has a size of about 550 million Saudi riyals. The Fund aims to develop the infrastructure of raw land in the north of Riyadh and then sell it, which constitutes the first step to pumping model housing projects that meet the needs of citizens and residents.

The land is located in a strategic and vital location in the Al-Yasmeen neighborhood in northern Riyadh, and it is characterized by easy access to it, as it is bordered directly on the eastern side by Abu Bakr Al-Siddiq Road, and is bordered on the southern side by King Salman Road. The land area is about 280 thousand square meters