KM Properties (KMP), the real estate arm of KM Holding, is further enhancing its expansion plans for Saudi Arabia by participating in the Dubai Department of Tourism and Commerce Marketing (DTCM) property exhibition in Riyadh later this month.
Set to take place from April 28 to May 4, the DTCM-organised property exhibition will showcase development in Dubai, as well as providing KM Properties with a platform from which to promote its new Saudi Arabian operations.
KM Properties Dubai will be represented by Durgham Baker, Senior Sales Manager for Brokerage. He will join Khalil Al Haddad, CEO of KM Properties KSA Office.
The real estate company launched operations in the Kingdom earlier this year, opening branches in Riyadh, Dammam and Jeddah to ensure maximum accessibility for clients. KMP has already outlined plans to build 14,000 units in these major cities.
“KM Properties maintains an office in Saudi Arabia which actively promotes our properties in Dubai and the last exhibition we attended we had a very good response rate from Saudi nationals owning properties in Dubai,” said Khalil Al Haddad, CEO of KM Properties KSA Office.
“Only a few property developers are aggressively targeting the Saudi market, and KM Properties sees this market as a huge potential source for property investment. We are very optimistic about the positive response of the property investment prospect from Saudi investors so far, and believe that this DTCM-organised event can only help to further promote our status as a leading real estate developer,” he added.
KM Properties has allocated AED5 billion to develop property in Saudi Arabia. The company is currently in discussions with various developers in the country and is expected to announce a number of joint ventures soon.
“We welcome all investors to call any of our offices in Saudi Arabia and get a clearer idea about the various investment opportunities available for them,” said Al Haddad.
KM Properties is a market leading UAE real estate developer, with a number of successful residential, commercial, and freehold projects. The company recently launched El Matador Tower, one of the few residential developments in Dubai to feature loft apartments, terrace villas and hotel condominiums.
Meanwhile, KMP’s hugely popular Park Square project sold out within a month of its launch, due mainly to its reputation and the trusting relationship it has cultivated with its investors through the years.
KMP's prestigious Park Lane and B2B developments were designed by Carlos Ott, known for regionally for designing the National Bank of Dubai headquarters, and internationally - L'Opera de Bastille in Paris. KMP is committed to continuing the use of this high level of expertise in all its future developments
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