Eqnaa Real Estate hands over 178 luxury apartments to new owners in 1Q of 2024

Eqnaa Real Estate, a leading company in the Kingdom’s real estate sector, has reaffirmed its commitment to innovation by handing over approximately 178 luxury residential apartments in the first quarter of 2024. This aligns with its strategy of pioneering and offering innovative real estate products that cater to the evolving needs of the Saudi market.


The company stated that the sales were distributed among several projects that constitute model residential communities with many modern buildings. These communities are located in strategic areas in the Darb Al-Haramain project, the Sondos project, and the Al Rayyan neighbourhood project, close to the main roads and the lively heart of Jeddah.


The company affirmed that it provides many opportunities for Saudi families to own a high-quality residential apartment out of 230 available in its portfolio of innovative projects, which keep pace with the requirements of the local market and meet the needs of its customers.


For his part, the Chairman of the Board of Directors, Mohammed Al Maghrabi, expressed his happiness with the company’s exceptional sales outcomes during the first quarter, which resulted in a 40% growth compared to the same period last year, 2023.


He stressed that the results reflect the company’s endeavors to be a symbol of real estate development and investment in the Kingdom by offering pioneering projects that meet societal needs and seek to achieve the Kingdom’s Vision 2030 goals.


He noted that one reason for the increase in demand for the company’s real estate products is providing appropriate and within-reach prices, along with facilitating financing procedures through banks and ensuring high quality and ideal performance in all of the company’s projects, which reflects its high record of achievements and successes in the Kingdom.


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