Ladun Investment Company, Saudi Arabia announces the signing of a partnership agreement with Mawten Real Estate Company to develop a mixed-use real estate project to sell 935 luxury serviced residential units off-plan, showrooms and retail in the Holy City of Makkah (a mixed-use tower project).
The estimated project’s investment is aroud 827 million riyals.
The project is in the central area opposite the Haramain train station, adjacent to the Masar destination project from the western side. The project’s land area is 6580 square meters, and a building permit is already issued for it from the Holy Capital Municipality for a residential/commercial tower with a height of 25 floors and a total number of 935 units, as well as shops, commercial showrooms, and services. The project will be sold using the off-plan sale model.
The duration of the contract is 4 years.
Ladun Investment Company takes the role of developing, marketing and selling the project in cooperation with Mawten Real Estate Company.
