«Arad» Emirati Starts Saudi Real Estate Firm
Urar, a UAE-based company, has launched a new subsidiary in Saudi Arabia called "Urar Saudi Arabia," with the aim of developing integrated residential communities across various regions of the kingdom. The new company's real estate portfolio includes 10 million square meters of land, valued at up to 50 billion riyals, featuring strategic locations in Riyadh, Jeddah, and Mecca. The first major project is a residential master plan valued at 14 billion riyals in the Al Ramla neighborhood of Riyadh, comprising approximately 3,500 villas, townhouses, green walls, and amenities. The development aims to create an integrated community aligned with Saudi Arabia's Vision 2030 to enhance quality of life and increase green spaces in cities. This move is considered a strategic step to expand into the Saudi market, supporting long-term goals for the real estate sector and urban development.
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