Meyar
العربية
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Prototype / Modelled evidence

Residential development land 001

MEYAR-RYD-0001 · Hittin

Base. Scenario and session assumptions update this selected asset only.

Decision Summary

19.6%

HBU option: Residential · Base

Risk: Low · 13/100Confidence: High · 92%

Project Definition

HBU option
Residential
Land area
1,800 m²
Gross floor area (GFA)
6,282 m²
Gross leasable area (GLA)
5,151 m²
Units
36

Baseline

Cost Assumptions

Acquisition / land
SAR 13,500,000
Hard construction cost
SAR 20,417,000
Soft costs
SAR 3,063,000
Financing
SAR 2,292,000
Contingency
SAR 1,761,000

Total project cost = land + hard cost + soft cost + contingency + financing. Development margin = profit / revenue; return on cost = profit / total project cost.

Revenue Assumptions

Expected revenue
SAR 51,004,000
Sales price
Baseline
Occupancy
Not applicable to this asset archetype.
Exit / terminal value
SAR 51,004,000

Timeline

  1. 1AcquisitionSept 2026 – Oct 2026 · 1 monthDelays the entire programme and financing drawdown.
  2. 2DesignOct 2026 – Feb 2027 · 4 monthsPushes approvals and contractor mobilisation.
  3. 3ApprovalsDec 2026 – May 2027 · 5 monthsDefers construction start and increases holding cost.
  4. 4ConstructionMay 2027 – Nov 2028 · 18 monthsRaises financing cost and postpones revenue.
  5. 5CommercialisationApr 2028 – Oct 2028 · 6 monthsSlows collections and extends payback.
  6. 6ExitMay 2029 – Jun 2029 · 1 monthDefers terminal proceeds and reduces present value.

Delivery delay: 0 months

Financial Results

Total project cost
SAR 41,033,000
Expected revenue
SAR 51,004,000
Gross profit
SAR 9,971,000
Net profit
SAR 9,971,000
Development margin
19.6%
Internal rate of return (IRR)
13.4%
Net present value (NPV)
SAR 2,415,000
ROI
24.3%
Equity requirement
SAR 17,234,000
Debt funding
SAR 23,799,000
Payback
32 months
Break-even
SAR 41,033,000