Danat Al-Khobar, Attractive Destination, Unique Investment Opportunity 

Danat Al-Khobar constitutes an important addition to promising real estate projects in the Eastern Province, due to its possession of a number of elements that made it an exceptional opportunity for business development and an attractive destination for real estate investment in Al-Khobar, one of the most growing and expanding areas that is characterized by a growing population due to the availability of most of the basic facilities and services that enhance the quality of life in it.

In addition to easy access to the area from various eastern cities, thanks to the presence of a developed network of main and secondary roads, which constitute a major destination in the region, increasing its value and investment importance.

It is distinguished by its unique strategic location on King Fahd Bin Abdulaziz Road with a length of 450 m, close to the King Fahd Road leading to the Kingdom of Bahrain, making it a link between Al Khobar Corniche, Azizia Beach and Half Moon Beach, and an ideal place for establishing residential or commercial residential projects to meet the growing population in the region.

And the high demand for residential projects in it, due to its proximity to the main entertainment places in the city, and its proximity to a number of developments, residential neighborhoods, tourist projects and commercial markets, the most important of which is the Al-Shubaili Commercial Complex (Grand Mall), which makes Danat Al-Khobar, that extends on a total area of ​​93,633.71 square meters;  a great opportunity for real estate investors and developers to create residential, commercial, tourism and entertainment real estate projects that meet the needs of contemporary societies, and keep pace with the Kingdom’s vision 2030.

It is worth noting that “Rikaz Real Estate” company will put “Danat Al-Khobar” for sale in a public auction that will be held on November 10, 2021, under the supervision of the Real Estate Contributions Committee “Tasfia”.

The company has specified Sunday 7 November as the final date for registration, and investors are required to submit a certified check to the name of the Real Estate Contributions Committee with an amount of one million riyals, and to deliver it to the office of Rikaz Real Estate Company in the city of Al-Khobar before the deadline for registration.