Dar Al Arkan, a leading real estate development company in Saudi Arabia and the Middle East, has announced the launch of a prime integrated real estate project, Dar Al Mashaer, in the heart of Makkah city.
Located in a prestigious neighbourhood only 10 minutes’ drive from Masjid Al Haram and Jamarat Bridge, the seven-tower development will boast a total of 314 top-tier two, three- and four-bedroom apartments, together with six penthouses, complete with private swimming pools.
The development, spread over an area of 6,300 sq m with integrated leisure facilities, will set a new benchmark in urban living as well as offering the opportunity to spend quality time in one of the holiest cities in the world, said the developer.
On the key project, Chairman Yousef Bin Abdullah Al Shalash said: "Dar Al Mashaer is part of the Kingdom’s Vision 2030 economic diversification mandate and the growing real estate development industry in Saudi Arabia."
"It also meets the high demand for housing designed to cater for modern Islamic lifestyles and will provide the opportunity to invest in an aspirational lifestyle within a thriving community," he noted.
On the payment part, Al Shalash said: "The potential purchasers will get to benefit from the option of a 12-year payment installment plan and an additional bonus of five years minus service charges."
According to him, the stand-out features of the development include its proximity to Masjid Al Haram and a mosque within the complex.
At the same time, residents of Dar Al Mashaer will also be able to enjoy an array of shopping experiences, to exclusive stores and cafés, noted Al Shalash.
"The launch of Dar Al Mashaer offers an exclusive investment opportunity and the fulfillment of a dream for every Saudi to own a property in Islam’s holiest city,” he added.
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