Meshraf Almajdiah Phase 1 Sells Out in Madinah

The Meshraf Almajdiah residential project in Madinah has completed the sale of its entire first phase, with total sales exceeding SAR 231 million,

The developer reported that all 304 residential units in Phase 1 were sold, generating total sales of SAR 231,466,000. This works out to an average value of roughly SAR 761,401 Notably, all Phase 1 units were acquired by non-Saudi investors.

Why it matters

The full sell-out of the first phase points to strong demand for residential property in Madinah, one of the Kingdom's key cities. The interest from non-Saudi buyers also reflects the growing appeal of Saudi real estate to international purchasers as the market continues to expand.

For residents and prospective buyers following the local housing market, the performance of Meshraf Almajdiah offers a useful indicator of activity in Madinah's residential sector. Details such as individual unit prices, fees, payment schedules, and official purchase channels were not included in the available information at the time of publication.

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