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Dar Al-Arkan Launches Sales in "Naeem el Jiwar" Project in Madina

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Monday, May 15, 2017

Dar Al-Arkan Real Estate Development Company has launched the sales of residential villas and land plots, and commercial land plots in “Naeem el Jiwar” residential project located southwest of Madinah within the borders of the Prophet's Mosque. The project offers ideal opportunities for customers wishing to live in Madinah to own property, invest, and seize other investment opportunities as Medina became a critical platform on the investment map in the Kingdom.

Dar Al-Arkan announced that the residential units in the Naeem el Jiwar project are ready for handing over and investing immediately. The project’s estates are expected to generate remunerative returns due to the provided integrated services including infrastructure networks of electricity and water, irrigation system, rainwater drainage, fiber optics network, road networks with 32-64 meters wide, and green areas.

The project consists of residential villas with unique design models that meet the needs of different customer segments. The customer can choose among four villa types: Al-Dar, Al-Iwan, Al-Roshan and Retaj. The structure of Naeem el Jiwar villas, as well as the electrical, mechanical and finishing works, are guaranteed by Dar Al-Arkan. The project, also, includes land plots on vibrant and commercial locations that offer a great opportunity for those wishing to invest in Medina.

Naeem el Jiwar project is located within the borders of the Prophet's Mosque in Medina, which draws the hearts of Muslims from all over the world. The project features residential villas designed according to authentic Arab architectural styles and modern interior designs surrounded by private gardens. The plots of the project, whether residential or commercial, are characterized by their high investment value. The residents of Naeem el Jiwar enjoy a unique and exclusive service of free shuttle bus to and from the Prophet's Mosque, Quba Mosque, and the city's main shopping centers. Naeem el Jiwar proximity to the Prophet's Mosque and Quba Mosque is doubled by the easy access to Darb Al-Sunnah walkway, universities, and government organizations.

“Dar Al-Arkan offers real estate products of high quality, not only for the purpose of living, but also for the purpose of investing, protecting, and maximizing hard earned wealth. Real estate property always picks up and protects customers' investments even during declining economic conditions,” said Mr. Youssef Al Shelash, Chairman of Dar Al-Arkan Real Estate Development Company. “The launch of Naeem el Jiwar villas comes in line with Dar Al-Arkan's approach to providing the Kingdom's real estate market with high-quality ready-made housing units. We help customers to invest with a trusted real estate developer to add greater value to their real estate investments, thus it will be easy to rent and resale their units,” added Mr. Al Shelash.

"Our continuous investment in our brand, Dar Al-Arkan, will always benefit the investors who have trusted the company and invested in our products. The expertise and successful experiences that Dar Al-Arkan gained will enable the company to play an active role in finding suitable housing solutions, supporting government initiatives in the housing sector, thus efficiently contribute to achieving the targets of Kingdom's Vision 2030 in the field of accommodation,” added Mr. Al Shelash.

Established in 1994, Dar Al-Arkan is the largest listed real estate company in the Saudi stock market with a capital of SAR 10.8 billion (The US $ 2.88 billion) and a total asset value clos to SR 25 billion, and it is considered the leading real estate development company in the Kingdom of Saudi Arabia.

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