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Saudi Arabia Report
Marcopolis presents the Saudi Arabia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives. The sectors under review in this issue are industry, real-estate, ICT, investments, banking sector, telecom sector and many more.
StoriesJuly 14, 2015
Al Nafal compound: one of the best compounds in Riyadh is completed
- Written by Peter Matay
- Published: July 14, 2015
Riyadh-KSA: 14 July, 2015 – Welcome to the Al Nafal Compound! After much anticipation, the compound has been completed and the leasing process has started. Do not miss your chance to live in luxury.
The prestigious property of Al Nafal reaches to 13,782 square meters total area and is located North of Riyadh. The compound offers many amenities, including a gym, swimming pool, kindergarten, baby nursery, restaurant, billiard tables, basketball, tennis court, table tennis, children’s playground, and a recreational room. Furthermore, the property conveniently provides wireless Internet, satellite cable, and reserved parking. Don’t want to stay on the compound? No worries! The property is strategically located close to malls, hospitals, and international schools.
Al Nafal offers 42 two-floor villas, each comfortably sized, and surrounded by beautiful, well-maintained landscaping to provide a breathtaking environment.
Each villa is 341 sq. m. across two floors, consisting of four bedrooms, including a maid’s room and driver’s room for each villa.
Al Nafal knows the importance of keeping your family safe. Along with convenience, entertainment, and a beautiful home to live in, Al Nafal also offers a 24-hour security system. In order to make things more comfortable, the compound includes a variety of other services, such as a maintenance team available 24/7, free bus services to schools and shopping malls, and pest control services.
The compound is one the projects developed by Al Saedan Real Estate, a leading real estate developer in Saudi Arabia. “We are pleased to announce the completion of the compound,” said Dr. Bader Ibrahim Ibn Saedan, CEO of Al Saedan Real Estate.
The development of the compound is in line with company’s strategy to focus on high-end compounds and fill in the market gap. Despite the recent real estate slowdown, the fundamentals for housing in Saudi Arabia are extremely bullish.
“The housing and renting sector will remain attractive in the foreseeable future,” said Dr. Ibn Saedan.
“The problem with real estate in Saudi Arabia is that the individuals between middle income and high income segment do not find the right real-estate that relates to them. With Al Nafal, we are targeting these individuals, bankers, engineers and professionals. They are very demanding and expect luxury amenities, great location and finishes. The compound offers all of that,” adds Dr. Ibn Saedan.
Industry Fundamentals
According to a German industrial manager, Saudi-Arabia has a shortage of five million homes, because the vast majority, two thirds of the 29 million inhabitants are younger than 30. In addition, 50% of the population is under 18 years of age. With an annual population growth of 1.9 %, there is an intractable nationwide housing shortage.
The overall homeownership rate among the Saudi population is about 35 percent, or a little more than half what it is in the United States. Other reports confirm the acute housing shortage. According to several studies by banks, real estate companies, and financial journals, Saudi Arabia is already short at least 1 million housing units, whether owned or rented, and will need at least 200,000 new units every year for the next decade. The population density per household is 6.4 people. In India, it’s 5.5. There is a huge deficit of housing in the country.
Al Nafal is truly a place you want to call home. Al Saedan Real Estate, which is amongst the best and largest private real-estate developers has spared no cost and has overlooked no details in this beautiful project, and the villas are now available for rent.
Contact
For more information, please call +966 (0) 544096296, or email the manager, Mr. Rakan, at This email address is being protected from spambots. You need JavaScript enabled to view it. . Visit the Al Nafal Compound in the Al Nafil area, east of King Abdullazizi Street, behind Tala Mall. Your dream home is only one phone call away. More information about the compound.
