Logo ofFirst Avenue for Real Estate Development Co.
In a statement to Tadawul, the company said the report highlights the latest developments in its ongoing projects, which are distributed across several locations in the Kingdom and include commercial, residential, and development projects, comprising both wholly owned assets and others under partnership agreements or development contracts.
Completion rates range from fully completed projects at 100% to others still in the execution or development phases, as shown in the accompanying table.
Summary of First Avenue’s Projects
Project
Type
Leasing/Selling Area (sqm)
Completion Rate
Project Status
Almohammadiyah Avenue
Office / Residential / Commercial
9,451
100%
Commercial and office units generating income, residential units for sale
La Perle East
Commercial / Office
11,165
100%
Income-generating
La Perle Residential – Al Nakheel
Residential
7,493
100%
Development and sale project
La Perle West
Commercial / Office
5,679
100%
Income-generating
Shorfat Al Majdiah
Commercial / Office
5,900
100%
Income-generating
Capital Avenue (Qurtobah)
Office
11,727
100%
Divested
Capital Avenue (Al Qirawan)
Office
14,234.51
100%
Income-generating
Diriyah Avenue
Residential
31,511
97%
Development and sale project
Al Basateen Avenue
Residential / Commercial
46,082
53%
Income-generating
Al hada Avenue
Residential
24,034
20%
Development and sale project
Industrial land in Al Kharj
Infrastructure development
2,616,729
2%
Development and sale project
Capital Avenue – Al Rayyan
Commercial / Office / Residential
Under design stage
Development and sale project
Al Shate’a Real Estate Fund
Commercial / Office / Residential
Income-generating
La Perle Residential
Residential
Al Hira Avenue
Commercial / Office / Residential
Logo ofFirst Avenue for Real Estate Development Co.
In a statement to Tadawul, the company said the report highlights the latest developments in its ongoing projects, which are distributed across several locations in the Kingdom and include commercial, residential, and development projects, comprising both wholly owned assets and others under partnership agreements or development contracts.
Completion rates range from fully completed projects at 100% to others still in the execution or development phases, as shown in the accompanying table.
Summary of First Avenue’s Projects
Project
Type
Leasing/Selling Area (sqm)
Completion Rate
Project Status
Almohammadiyah Avenue
Office / Residential / Commercial
9,451
100%
Commercial and office units generating income, residential units for sale
La Perle East
Commercial / Office
11,165
100%
Income-generating
La Perle Residential – Al Nakheel
Residential
7,493
100%
Development and sale project
La Perle West
Commercial / Office
5,679
100%
Income-generating
Shorfat Al Majdiah
Commercial / Office
5,900
100%
Income-generating
Capital Avenue (Qurtobah)
Office
11,727
100%
Divested
Capital Avenue (Al Qirawan)
Office
14,234.51
100%
Income-generating
Diriyah Avenue
Residential
31,511
97%
Development and sale project
Al Basateen Avenue
Residential / Commercial
46,082
53%
Income-generating
Al hada Avenue
Residential
24,034
20%
Development and sale project
Industrial land in Al Kharj
Infrastructure development
2,616,729
2%
Development and sale project
Capital Avenue – Al Rayyan
Commercial / Office / Residential
Under design stage
Development and sale project
Al Shate’a Real Estate Fund
Commercial / Office / Residential
Income-generating
La Perle Residential
Residential
Al Hira Avenue
Commercial / Office / Residential
