Al-Thuraya
Al-Oula’s First Production
Since Al-Thuraya Project was the first investment by Al-Oula Development Company, it was one of its best projects and has represented a fresh new start in the company’s record. This is the first plan located in the eastern part of Al-Doha Street in Dhahran and it fulfills the wishes of the investors in building residential units with multiple storeys for the purpose of selling or renting them.
• Location:
The Project is characterized with its strategic location since it is located east of Al-Doha Street in Dhahran region that connects Al-Khobar and Al-Dammam and the various cities of the Eastern Province and is considered an important and vital center in which many big companies and important educational institutions build their headquarters. Moreover, the Project is close to the vital services regions such as the shopping malls and commercial markets, hospitals and medical centers and the King Fahd University of Petroleum and Minerals which enriched the plan with extraordinary features.
• Specifications:
The plan has provided a multifunctional opportunity for commercial investments which has given a great potential of success to the investment in the residential units that the investors will work on providing in the plan due to its special location near the commercial complexes and the other vital centers and because it connects both Dhahran and Al-Khobar cities.
Moreover, Al-Thuraya is considered the only project on the Old Airport Road that contains plots of land for commercial use having the various components of infrastructure in an untraditional way.
• Integral Services:
The strong infrastructure that Al-Oula Development Company has provided for the plan such as electricity, water, phone and sewerage with specifications of an international level and under the control of an elite of experts and technicians has made the investment in this project very profitable. Moreover, the street is characterized with wide asphalted and lighted roads that were planned according to the best modern and global engineering standards whereas the plan’s idea is a new, special and scientific one worthy of a modern and developed city ready for construction and building.
• Fruitful Returns:
The significance of the Project was translated through its returns as subscription and liquidation were done within only 7 months. The plan’s area has reached more than 87 thousand square meters, comprising 70 plots of land, 7 of which are commercial investment plots and 63 are residential investment plots (4 storeys) divided into 2.195 shares with 40 m2 per common share and with a value of 13.640 riyals for the issuance share achieving a total revenue rate of 56.54%.