Honoring al oula for outstanding achievements

Public and Private Organizations Honoring Al-Oula Development for its singularity in the Real Estate Sector

Many private and public organizations honored Al-Oula Development in recognition of its efforts in supporting the real estate industry and in laying new concepts in the real estate development and marketing in the kingdom, in addition to its achievements considering its short lifespan.

Al-Oula company provided in four to five years the biggest real estate projects in the real estate market in the kingdom and introduced many modern techniques into the real estate auctions, and also brought about new additions to these auctions through which singularity and development are achieved, of which, for instance, giving the chance to the banks to participate in financing some transactions concluded during the auction period.

Al-Oula Development strives to surpass the classical real estate activity consisting in selling, purchasing, developing and negotiating pursuant to modern foundations of real estate development. Therefore, the company is seeking to establish a research center and a specialized office and pushing the establishment of the real estate people diwan in the eastern province and the establishment of a specialized real estate satellite channel.

The company seeks to develop the real estate sector and provide the real estate goods or the real estate products as required. It became an example in development and in dealing with the clients as it was the first to use the code system in selling and purchasing stocks, it is first to adopt the certification of the chamber of its stocks and the first to adopt the support of the real estate information.

The company adopted many alliance initiatives domestically and abroad, and its most prominent achievement was the establishment of Emaar Middle East in alliance with Emaar Emirates, which is now developing King Abdullah Economic City, the biggest economic project of which the Kingdom is proud, in the time of the servant of the two holy mosques king Abdullah bin Abdulaziz.

Al-Oula Development, with a number of special companies, returned the confidence in the real estate market and proved incontestably that this market is dedicated for production and not for speculation and consumption, and there is a great potential to bring an added value to the national economy.