SaudiArabiaPR.com, Online Press Release from Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
Dar Al Arkan Seeks Accreditation from ETMAM for Three Developments in Riyadh City

DAAR pursues off-plan sales license from the Ministry of Housing 

Riyadh, Saudi Arabia, 21 October, 2018:   Dar Al Arkan, the largest listed real estate developer in the Kingdom of Saudi Arabia, today announced that it has submitted a request to ETMAM, the Developers Services Centre at the Saudi Ministry of Housing, for the accreditation of three comprehensive development projects in Shams Ar Riyadh, totaling over 1.936 million square meters. The company also applied for the issuance of off-plan sales license for projects under construction in Shams Ar Riyadh. 

The new masterplans involve three zones in the iconic Shams Ar Riyadh development, which is strategically located on King Khalid Road. The comprehensive development in Zone 1 will be built over an 849,000 square metres area. The Zone 3 masterplan covers 449,000 and Zone 5 involves a 638,000 square metres area. Shams Ar Riyadh incorporates residential, commercial, and mixed-use spaces, overlooking the stunning views of Wadi Hanifa. 

Yousef Bin Abdullah Al Shelash, Chairman of Dar Al Arkan Development, said: “We are pleased to be part of the ETMAM initiative and have submitted 3 projects in RIYADH for its processing. We are confident that with the introduction of ETMAM, the overall approval for new projects will be accelerated to the benefit of all developers and stakeholders. This step will further shape the development of Shams Ar Riyadh to support a thriving residential and business community. Working together with ETMAM, we can transform the new zones into distinct holistic, sustainable communities with active and vibrant lifestyles.” 

The accreditation of the new masterplans in the three zones in Shams Ar Riyadh follows on from the development of the SABIC Residential Complex, which comprises of 600 fully equipped residential units built on a 1.8 million square meters area in Zone 2 and the mobilisation of the infrastructure work in Mirabilia, the upscale residential villas with interiors by Italian fashion house Roberto Cavalli, in Zone 4.

Infrastructure works investment so far is of over SR 1 billion, including two power substations as well as main access roads. 

Posted by : Saudi Arabia,Riyadh, Jeddah, Dammam, Meccca and Medina PR Network Editorial Team
Viewed 1182 times
PR Category : Real Estate & Retail
Posted on : Sunday, October 21, 2018  10:57:00 AM UAE local time (GMT+4)
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
An Amazing Collection for Ladies From Police [20992-Views]
212 VIP Extra Limited Edition [17868-Views]
Get closer- your makeup is invisible with Make Up For Ever's New Ultra HD Concealer [16962-Views]
Cole Haan Delivers True Performance Footwear With the Release of the Zerøgrand All-day Trainer [16814-Views]
A City by the Sea and the Desert: Diana Arno SS19 Collection [16769-Views]
Ralph Lauren offers the spring 2019 collection [13366-Views]
The RL50 Handbag: Introducing a New Icon [13042-Views]
Detox your scalp, detox your mind with new Head & Shoulders Charcoal [12944-Views]
SPRING 2019: MEET ‘CECE' [12046-Views]
Huawei Launches 5G Multi-mode Chipset and 5G CPE Pro [11295-Views]
Roberto Cavalli launches new Florence Amber [10902-Views]
Turkish Airlines introduces its new The LEGO® Movie 2 Inflight Safety Video, before moving its monum... [8717-Views]
Lenovo Offers Security Solutions in Global Smart City Race at Intersec 2019 [8712-Views]
Honor 10 Lite Packs Stylish Looks and Flagship Performances Into New Device [8491-Views]
The Fall 2019 Michael Kors Collection Runway Show [8339-Views]
Implementation Date Announced for Long-Term Residence Permits [7728-Views]
Record Number of Innovations at the ISH: GROHE is Shaping the Future of Water [7560-Views]
Saudi Plastic and Petrochemical Exhibition 2019 set to launch with government and private sector bac... [6326-Views]
IHG signs world's largest Crowne Plaza® in Makkah [6109-Views]
SOUQ's ‘Everything For You Sale' is Back, Offering Savings Of Up To 70% [5666-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories