7
Apartment For Sale in Al Nur, Dammam
FOR SALE (TURNKEY INCOME ASSET): Multi-Unit Portfolio (Apartment + Upper Annex on Single Title Deed) Totaling 185 SQM Fully Tenanted at SAR 2,700/Month Near King Saud Street – (Qanawat Real Estate Company)
Location: Prime community location directly fronting Madani Mosque, moments from King Saud Street's commercial thoroughfare and major school clusters
Property Type: Multi-Family Residential Asset (Apartment + Rooftop Annex under a Single Title Deed)
Total Combined Area: 185 SQM
Building Age: Approximately 10 Years (Well-maintained structural condition)
Tenancy & Occupancy Status: 100% Fully Leased on active monthly terms yielding SAR 2,700/Month (SAR 32,400 Annually)
Parking & Utilities: Dedicated private parking space for each unit + Shared electricity meter fitted with a digital sub-meter reader for accurate consumption allocation
Mortgage & Title Status: Mortgaged to Al Rajhi Bank; acquisition is executed via early bank buyout/settlement, lien discharge, and direct electronic deed conveyance to the buyer
Transaction Type: For Sale
Architectural Specifications & Floor Layout:
1. Residential Apartment (Unit No. 13):
Private dedicated entry portal
Formal hospitality Majlis
Family living lounge
2 Well-proportioned bedrooms
Functional enclosed kitchen
2 Serviced bathrooms
Assigned private parking bay
Current Lease Status: Leased on a monthly schedule at SAR 1,400 / Month
2. Upper Rooftop Annex (Unit No. 14):
Central living lounge
2 Family bedrooms
Independent kitchen
2 Serviced bathrooms
Private open-air rooftop terrace (ideal for conversion into an outdoor Majlis or sky patio)
Assigned private parking bay
Current Lease Status: Leased on a monthly schedule at SAR 1,300 / Month
Key Investment Highlights & Location Advantages:
Turnkey recurring revenue generating immediate cash flow (SAR 32,400 per annum), representing an attractive gross rental yield relative to capital outlay
Flexible asset structure: two completely independent income-generating units consolidated under one deed, mitigating vacancy risks or providing owner-occupier plus rental options
Strategic urban positioning fronting Madani Mosque, within short walking distance to public schools, kindergartens, special rehabilitation centers, and international schools
Rapid access to extensive retail, dining, and municipal amenities lining the King Saud Street arterial corridor
Financial Terms & Transfer Procedure:
Bank Payoff / Early Settlement Amount: SAR 540,000 – SAR 550,000 (To clear the existing Al Rajhi Bank mortgage liability and discharge the lien)
Transaction Mechanism: Funds are deposited to execute early debt clearance with Al Rajhi Bank, followed by release of the mortgage and immediate electronic deed transfer to the purchaser
Location: Prime community location directly fronting Madani Mosque, moments from King Saud Street's commercial thoroughfare and major school clusters
Property Type: Multi-Family Residential Asset (Apartment + Rooftop Annex under a Single Title Deed)
Total Combined Area: 185 SQM
Building Age: Approximately 10 Years (Well-maintained structural condition)
Tenancy & Occupancy Status: 100% Fully Leased on active monthly terms yielding SAR 2,700/Month (SAR 32,400 Annually)
Parking & Utilities: Dedicated private parking space for each unit + Shared electricity meter fitted with a digital sub-meter reader for accurate consumption allocation
Mortgage & Title Status: Mortgaged to Al Rajhi Bank; acquisition is executed via early bank buyout/settlement, lien discharge, and direct electronic deed conveyance to the buyer
Transaction Type: For Sale
Architectural Specifications & Floor Layout:
1. Residential Apartment (Unit No. 13):
Private dedicated entry portal
Formal hospitality Majlis
Family living lounge
2 Well-proportioned bedrooms
Functional enclosed kitchen
2 Serviced bathrooms
Assigned private parking bay
Current Lease Status: Leased on a monthly schedule at SAR 1,400 / Month
2. Upper Rooftop Annex (Unit No. 14):
Central living lounge
2 Family bedrooms
Independent kitchen
2 Serviced bathrooms
Private open-air rooftop terrace (ideal for conversion into an outdoor Majlis or sky patio)
Assigned private parking bay
Current Lease Status: Leased on a monthly schedule at SAR 1,300 / Month
Key Investment Highlights & Location Advantages:
Turnkey recurring revenue generating immediate cash flow (SAR 32,400 per annum), representing an attractive gross rental yield relative to capital outlay
Flexible asset structure: two completely independent income-generating units consolidated under one deed, mitigating vacancy risks or providing owner-occupier plus rental options
Strategic urban positioning fronting Madani Mosque, within short walking distance to public schools, kindergartens, special rehabilitation centers, and international schools
Rapid access to extensive retail, dining, and municipal amenities lining the King Saud Street arterial corridor
Financial Terms & Transfer Procedure:
Bank Payoff / Early Settlement Amount: SAR 540,000 – SAR 550,000 (To clear the existing Al Rajhi Bank mortgage liability and discharge the lien)
Transaction Mechanism: Funds are deposited to execute early debt clearance with Al Rajhi Bank, followed by release of the mortgage and immediate electronic deed transfer to the purchaser
Property Information
- TypeApartment
- PurposeFor Sale
- Bayut IDBayut - 88114441
- Residence TypeFamily
- CompletionReady
- FurnishingUnfurnished
- Added on31 August 2026
- Property Age4 years
Features / Amenities
Private garage
Electricity
Water Supply
Schools
+ 5 more amenities
REGA Verified Information
- FAL License Number1200013881
- License Issue Date8 August 2026
- License Expiry Date30 December 2026
Ad Responsible Info
- Responsible Nameعايض تميم عايض القحطاني
- Responsible Number0505903560
Location
- Regionالمنطقة الشرقية
- CityDammam
- DistrictAl Nur
- Street Name11ج
- Postal Code32444
- Building No7668
- Additional No3981
- Latitude26.43139043450274
- Longitude50.030866088833875
Property Specs
- Advertisement TypeFor Sale
- Listing Usage-
- Listing TypeApartment
- Price550000
- Area Size185.47
- Number of Rooms4
Utilities
- ElectricityYes
- SewerageYes
Additional Information
- Listing Age4 years
- Street Width0
- Plan Number668 / 1
- Deed Number894051003683
- Listing Face-
- Borders and Lengths-
- Guarantees and Duration-
- ChannelsLicensed platform
- Obligations on Listingبنك الراجحي سداد مبكر 540000
- Compliance with Saudi Building Code-
- Is Listing PawnedYes
- Is Listing ConstrainedNo
- Land Number21
- Notes-
Property Borders
- Name:
- Description الوحدة رقم 2 / 3 و منور 2 ثم ارتداد بعرض 2.00 متر ثم قطعة رقم 19
- Length3 + 1 + 6.6
- Name:
- Description الوحدة رقم 4 / 3 و ممرات ثم ارتداد بعرض 4.00 متر ثم شارع عرض 15.00 متر
- Length5.9 + 2.5 + 2.8
- Name:
- Description ارتداد بعرض 2.00 متر ثم قطعة رقم 22
- Lengthتسعة متر و سبعون سنتيمتر
- Name:
- Description ارتداد بعرض 2.00 متر ثم قطعة رقم 23
- Lengthإثني عشر متر و عشرة سنتيمتر
North
East
West
South
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Location & Nearby
The location is fetched and verified by REGALocation Description as per Deed:حي النور بمدينة الدمام مساحة الوحدة من الأرض 96.53 متر وتختص من المنافع والأجزاء المشتركة بمساحة 170.87 متر
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