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Saudi Arabia Report
Marcopolis presents the Saudi Arabia Report focused on the investments, doing business, economy and other topics featuring interviews with key executives. The sectors under review in this issue are industry, real-estate, ICT, investments, banking sector, telecom sector and many more.
Videos1.18.2021
Lifestyle Destinations in Saudi Arabia: The Natural Evolution of the Real Estate Development Market
Mohammed Al Otaibi, CEO of Ajdan, talks about lifestyle destinations in Saudi Arabia. According to him, lifestyle development solutions are part of the natural growth and evolution of the real estate development market in Saudi.
"Our objective was to create more lifestyle destinations. In Saudi Arabia, we lacked lifestyle destinations, whether in Khobar or on the main beaches or the main cities in Saudi. Because of the lack of these destinations, there was a huge market gap. It is a new field that nobody had explored previously. The lack of comparable valuations for such properties was an opportunity that we had to explore. We took the risk, we explored it, and thank God it became very successful. We first had this idea seven years ago and the country has changed during those seven years, so it was a very big plus for us. We are now gaining some of the fruits that we sowed seven years ago. Lifestyle developments are very common internationally, in Europe, the US, and especially here in GCC and UAE, for example, Dubai and Abu Dhabi. We believe that it is a natural growth and evolution of the real estate development market. We did not reinvent the wheel; rather, we started where people had finished previously. We looked at the best practices in international markets and in the GCC markets. We built on that and we created our first product. It was not an idea that revolutionized the real estate sector here in Saudi Arabia. We just evolved naturally and that is part of our success", says Mohammed Al Otaibi.
CONTACT DETAILS
WEBSITE: https://ajdan.com
ADDRESS: Al Khobar, Prince Turkey Road, KSA
CONTACT: +966 594 444 431 (WhatsApp)
EMAIL: This email address is being protected from spambots. You need JavaScript enabled to view it.
MORE CONTENT
COMPANY PROFILE:
• Ajdan Waterfront: A Masterplan Development in the Heart of Khobar
EXECUTIVE PROFILE:
• Mohammed Al Otaibi, CEO of Ajdan Real Estate Development Company and AlOula
INTERVIEWS:
• Real Estate Lifestyle Development Solutions in Saudi by Mohammed Al Otaibi
• Ajdan to Develop a Brand New 5-Star Fairmont Hotel at Al Khobar Waterfront
• Mohammed Al Otaibi Shares his Perspectives on the MIPIM 2022 Real Estate Event
VIDEOS:
• Lifestyle Destinations: The Natural Evolution of the Real Estate Development Market
• Ajdan: A Lifestyle Mixed Use Developer that Creates Destinations in Saudi Arabia
LATEST NEWS:
• AMC Cinemas Opens Ajdan Walk Cinema as its First Location in Al-Khobar
• Residential and Commercial Real Estate in Saudi Arabia and the GCC
• Al-Khobar: The Industrial, Commercial and Recreational Hub of the Eastern Province
• Highlights from MIPIM 2022, the World’s Leading Real Estate Event
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