Al-Fursan 2

Al-Fursan 2

Al-Fursan 2 is one of the five developments that NHC put out to bid in four cities in the country last summer and one of the most sought after by clients and real estate developers.

Nearly 9,000 homes will be built here in a development that will include commercial, public services, sports, entertainment and leisure, educational, public services and green spaces. In the first phase, 3,500 single-family homes have been put out to tender, with URBAS being awarded approximately 20%.

In more detail, the URBAS project, which is scheduled to start construction in the fourth quarter of this year, consists of 589 single-family homes of different types with 5 to 7 bedrooms, between 270 and 320 square meters of floor space, with estimated sales prices ranging from 800,000 to 1,200,000 Saudi rials.

Due to the high demand and the waiting lists registered at the Ministry of Municipal and Rural Affairs and Housing (MONRAH), all forecasts point to rapid marketing and record sales times.

Our Project

Our Project

We are one of the first foreign companies licensed to execute Real Estate projects in Saudi Arabia

URBAS, through URBAS MIDDLE EAST as a base for the development of the group’s activity in the Persian Gulf, will build and develop the nearly 600 homes in Al-Fursan 2, a mega urban development northeast of Riyadh with an area of more than 620 hectares. This new residential development is included in the housing programs of the ‘Saudi Vision 2030’ -promoted by Crown Prince Mohammed bin Salman- which aims to build more than 600,000 homes by 2030 and raise the homeownership rate to 80%.

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