Jeddah: Azad Properties has announced the acquisition of a 70,000-square-meter land plot in Al-Rawdah district, Jeddah, at the intersection of Prince Sultan Road and Prince Saud Al-Faisal Street. The prime location offers high population density, modern infrastructure, and proximity to key city landmarks, making it ideal for future development.
This acquisition is part of Azad Properties’ expansion strategy, aligning with Saudi Vision 2030 to promote sustainable urban growth. The company aims to develop modern, high-quality projects that contribute to the real estate sector’s transformation.
Ayman Al-Burti, CEO of Azad Properties, emphasized the significance of the purchase: "This deal reinforces our presence in Jeddah’s prime locations. Our goal is to provide innovative real estate solutions that meet market demand while ensuring long-term sustainability and infrastructure development."
Jeddah’s real estate market is witnessing rapid growth, driven by increasing demand for mixed-use developments that integrate residential and commercial spaces. The city’s strategic location and economic expansion continue to attract local and international investors, bolstered by regulatory reforms that enhance market confidence.
Founded in 2017, Azad Properties is a Jeddah-based real estate development and asset management firm, specializing in lifestyle, retail, logistics, and commercial properties. With a portfolio of 12 properties, Azad is committed to innovation, sustainability, and economic growth, in line with Saudi Vision 2030.
