Jeddah, Saudi Arabia – March 16, 2025: Azad Properties has announced the purchase of a 70,000 square meter land plot in Al-Rawdah district of Jeddah. The land is strategically located at the intersection of Prince Sultan Road and Prince Saud Al-Faisal Street, in a thriving urban area with a high population density, modern amenities, and close proximity to key landmarks. This prime location makes it an ideal site for a variety of development projects.
This acquisition aligns with Azad Properties’ expansion strategy, focusing on high-potential locations across the Kingdom. The company is committed to developing modern, high-quality projects that support Saudi Vision 2030’s goal of sustainable urban development, further solidifying its position as a leading real estate developer in the region.
Commenting on the acquisition, Ayman Al-Burti, CEO of Azad Properties, stated:
“This deal marks a strategic step in our expansion within Jeddah’s prime locations. Our goal is to offer innovative real estate solutions that meet the growing market demand.”
He further added:
“Through our investments, we aim to achieve long-term sustainability by developing integrated projects that support the local economy and enhance infrastructure efficiency, ensuring optimal returns for both investors and the community.”
Jeddah’s real estate sector is experiencing rapid growth, driven by increasing demand for mixed-use developments that offer modern residential and commercial environments. This reflects the city’s strong economic expansion and its status as a key investment hub. With its strategic location and role as a major economic center, Jeddah continues to attract local and international investors, especially following regulatory reforms that have strengthened market confidence.
