for investors seeking a strong rental yield, and for residents looking for apartments or penthouses in a quiet, low-density neighborhood.
apartments and penthouses for sale in al muhammadiyah district, under finishing, with a finishing contract and handover in april 2027, and the possibility of immediate title transfer upon payment.
the project benefits from high demand for apartments due to the limited supply in al muhammadiyah, with an expected rental yield of between 9% and 10%, which is rare for residential apartments.
the apartment area is 138 square meters, and includes two entrances, a living room, an open american kitchen, a majlis, a bedroom, a master bedroom, a maid's room, 4 bathrooms, and a balcony, with a front facade overlooking the garden and a rear facade overlooking madinah road.
the penthouse area is 245 square meters, and includes 4 bedrooms, two majlis rooms, a living room, an open american kitchen, a maid's room, 5 bathrooms, and a roof terrace.
penthouse price: 1,739,000 riyals.
the project provides a water tank, an electricity meter, a private parking space, an elevator reaching a corridor private to the apartment, and a private elevator reaching the penthouse directly, and the building is located close to a mosque.
the project includes cooperative insurance (al tawuniya) coverage for 20 years, an owners' association for one year, and warranties of up to 20 years.
the prices stated are for cash payment only; the stated price applies to first-floor apartments, while second-floor prices reach 850,000 riyals and the third floor is fully reserved. in the case of bank financing, a reservation amount of 150,000 riyals is paid and the bank procedures begin when the project is ready, noting that financing prices are higher because the title transfer takes place when the unit is ready, and prices generally rise upon completion.
