{
  "id": 10713279,
  "title": "Almajdiah successfully closes Phase 1 sales for Meshraf Almajdiah project, exceeding SAR 231 million",
  "url": "https://urgent.news/2026/09/29/almajdiah-successfully-closes-phase-1-sales-for-meshraf-almajdiah",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-29T14:35:32.000Z",
  "source": {
    "name": "Saudi Gazette Business",
    "slug": "saudi-gazette-business",
    "url": "https://saudigazette.com.sa/article/664969/business/almajdiah-successfully-closes-phase-1-sales-for-meshraf-almajdiah-project-exceeding-sar-231-million"
  },
  "original_language": "en",
  "account": "Dar AlMajed Real Estate (Almajdiah) has announced the successful completion of Phase 1 sales for the Meshraf Almajdiah residential project in Madinah, with total sales reaching SAR 231,466,000. This milestone was achieved through the acquisition of 304 residential units by non-Saudi investors, demonstrating the market's growing appeal and capacity to attract foreign capital to strategic destinations. The achievement is attributed to Almajdiah's proactive international outreach, particularly their participation in the Saudi Luxury Real Estate Show (SLRE) in London. The project caters to the increasing demand for premium urban developments in Madinah, which is renowned for its spiritual significance and economic prominence. Almajdiah's Meshraf Almajdiah project sets a high standard in real estate development with its sophisticated designs that create a sustainable living environment. The company, led by Managing Director and Acting CEO Abdulsalam Almajed, aims to advance Saudi Vision 2030 by attracting quality investments and delivering innovative real estate products that enhance the quality of life. Almajdiah's portfolio extends beyond Meshraf Almajdiah, including the Makana Tower and Riyadh Gate projects in Riyadh, and active involvement in Makkah through the Masar Destination and the Eastern Hindawiyah project.",
  "summary": "Dar AlMajed Real Estate (Almajdiah) has officially announced the complete sell-out of Phase 1 for its strategic residential project, Meshraf Almajdiah, in Madinah. The total sales value reached SAR 231,466,000, encompassing 304 residential units acquired entirely by non-Saudi investors. This milestone underscores the growing appeal of the Saudi real estate market and its capacity to attract…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}