NHC signs 6 agreement to develop 3,800 residential units in Riyadh

National Housing Co. (NHC) signed six agreements with real estate developers at a total value of more than SAR 2 billion to develop and build over 3,800 residential units.

According to NHC, the price of these units starts from SAR 475,000 in Al-Assalah Community, in the southwest of Riyadh.

The agreements were signed on the sidelines of the Restatex Riyadh Real Estate Exhibition, in partnership with real estate companies such as Ratal Urban Development Co., Faisal Abdullah Bin Saedan Real Estate Investment and Development Co., Mohammad Al-Habib Real Estate Co., Masaken Real Estate Co., Shugan Construction Co., and Ishraqat Al-Tamaiuz for Real Estate Development Co.

NHC launched sales in three projects within Al-Assalah Community. The first project, Nesaj Al Asala, spans a total area of 93,000 square meters (sqm), providing 366 under-construction residential units of the villa type in partnership with Ratal.

The second project, Malify Asalah, covers an area exceeding 45,000 sqm, offering 166 under-construction residential units of the villa type, in partnership with Faisal Abdullah Bin Saedan Real Estate.

The third project, Ishraqat Al-Assalah, provides 89 villa-type residential units, spanning an area of over 28,000 sqm, in partnership with Ishraqat Al-Tamaiuz.

Al-Assalah Community is located within the urban area in the southwest of Riyadh, extending over a total area of more than 3.8 million sqm, and comprising 3,800 residential units including villas, townhouses, and houses with unit sizes ranging between 249 - 332 sqm.