Mohammed Al Habib Real Estate Co. launched the (Palma Compound) project in Al Qassim region at a cost of more than 80 million SAR. This came on the sidelines of the meeting of the Investment Committee in the Qassim region, which was held last Tuesday under the chairmanship of His Royal Highness Prince Faisal bin Mishaal bin Saud bin Abdulaziz, Deputy Governor of the Qassim region, who listened to a full explanation of the project by the Vice President for Development of the Mohammed Al Habib Real Estate Co., Engineer Saleh bin Mohammed. Al Habib and His Highness praised the project and the services it provides and thanked Mohammed Al Habib Real Estate Company for its constructive role in contributing to investment in the region.
Engineer Saleh Al Habib indicated that the project is located on the ring road near King Fahd Road (Al Hammar) on an area of more than 48,000 square meters and contains an integrated system of services designed according to high international standards to serve residential complexes, as it includes a commercial center integrated with activities and services in addition to a sports and health club, open and closed playgrounds, indoor and outdoor swimming pools, and a main mosque in the middle of the complex. The project includes more than 226 luxury housing units with a capacity of more than 600 residents. The housing units were distributed in a typical way to meet the needs of all target segments. There are 18 villas consisting of 4 basements and 48 villas consisting of 3 basements, in addition to 112 apartments and 48 studios. Engineer Saleh Al Habib stated that 50 housing units have been allocated to Dr. Sulaiman Al Habib Al Teb Hospital, in addition to allocating 176 housing units to major companies operating in the region and government agencies. The complex also enjoys high-level security services around the clock.
It is worth noting that Mohammed Al Habib Real Estate Co. is a 100% Saudi company that contributes to the development of the real estate market. Since its inception in 1972, it has taken upon itself the adoption and development of major projects through specialized studies that include all parties to the real estate process. During the 39 years, the company has become a pioneering edifice in its field of work, and its investments have been characterized by stability and consistency due to its balanced policy, and the depth of its strategic vision that is based on studying reality and leading to anticipating future real estate market conditions.
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