OSUS Real Estate has announced the expansion of its operations in Makkah through the development of a distinctive residential project within Masar Destination, one of the most prominent urban development projects in the Holy City, with SAR 1 billion in investments.
The project includes the development of three residential towers comprising approximately 690 residential units across three land plots located in the third zone, closest to the commercial complex within Masar Destination, in partnership with Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar Destination, and Al Rajhi Capital.
The project represents an extension of OSUS Real Estate’s expansion journey in Makkah, as part of its strategy aimed at strengthening its presence in the most attractive and growing locations, and developing distinctive projects that contribute to supporting urban and economic development, enhancing quality of life, and aligning with the objectives of Saudi Vision 2030.
This step also highlights the growing position of Masar Destination as one of the most prominent urban and investment destinations in the Holy City, and the integrated urban environment and advanced infrastructure it provides, which have contributed to attracting high-quality investments and enhancing its appeal among real estate developers and investors.
The importance of the project lies in benefiting from the promising investment opportunities available in Makkah, amid the rapid urban and economic growth witnessed by the Holy City, as well as the capabilities it possesses that support the development of high-quality real estate projects and meet market needs.
The project embodies a model of strategic partnerships between real estate developers and investment institutions, contributing to supporting urban and economic development objectives, enhancing Makkah’s position as a leading urban and investment destination, and aligning with the objectives of Saudi Vision 2030.
Source: Riyadh Daily