19 09 2018
Ahmed Shaikh Al Zaabi, project manager at Madan Real Estate Company, expects the company to begin building in Riyadh in the fourth quarter of this year, noting that the company is currently in the preparatory phase.
"The city is the largest and most modern housing project in the emirate, with a population of 260,000 and 85 percent of the island of Abu Dhabi," he said.
He pointed out that since the opening of applications, the company has received more than 1,000 homes for citizens in the city and is expected to receive more requests in the coming period. The company has also started a service to build the house before paying out the loan and designing 19 models to date, including modern and heritage. In accordance with the loans approved by the Housing Authority.
The total area of the Riyadh City project is approximately 8000 hectares, corresponding to 85 percent of the area of the island of Abu Dhabi, accounting for 45 percent of the total residential area of Abu Dhabi and 30 kilometers from the city center.
Riyadh City, formerly known as South Shamkha and North Al Wathba, will be developed with residential areas and a wide range of public facilities such as parks, schools, shops, mosques, medical centers and community centers that meet the highest international standards for sustainability.