The project is important to Saudi history, heritage, and culture. It has a total cost of around $50 bn.
The first phase of the mega city comprises 272 condominiums and 240 townhouses. It will be offered for sale on January 19th.
A total of 94 apartments are sold in the tower in 2022 with a value of AED 477 mn, according to data released by UK’s real estate agency Knight Frank.
Since its establishment in May 2021, Sukuk Capital provides over SAR 1 bn in financing to more than 75 companies in Saudi Arabia, Alsayyari reveals.
The Egyptian company owning the hotel is still negotiating the deal with the Qatari investor, sources notes.
The market records 20,539 transactions with a value of AED 55.5 bn in the first quarter of 2022.
The listing is expected to occur in the first quarter of 2023 after the completion of a private placement.
Prices in Palm Jumeirah soar 59% while prices in the Trade Center First skyrocket 210%.
The new developments are set to be focused on the commercial and retail sectors and cater to sustainability best practices based on Saudi Arabia’s 2030 Vision.
Chief Commercial Officer at Reportage Properties, Hanna Karam, says that the Montenapoleone project is located on 111 acres within Mostakbal City.
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