Real Estate Sector

The real estate sector in Palestine witnessed large-scale development and growth throughout all governorates. PIF is focusing on a horizontal real estate development strategy across all districts through land development by developing large lots of land, providing state of the art infrastructure, leveling works, zoning and urban planning. These land lots will then be available for real estate developers and individuals in order to cover the gap in the size of lands suitable for development. PIF will effectively invest and contribute to the development of physical and social infrastructure of the steadily growing Palestinian society to support the Palestinian economy and develop a solid, independent, and self-reliant economy.

Beit Hanina Heights (Jerusalem)
This under construction project is located in the center of Jerusalem in Beit Hanina, one of the most important Palestinian residential areas in the city about 5 kilometers from the old city and 14 kilometers from Ramallah. The project consists of two residential towers and underground parking lots. The total residential area of the housing is approximately 10,902 square meters, with 4422 square meters for parking lots. The residential area is divided into 52 apartments, ranging from 120 to 130 square meters.
 
Jerusalem Commercial Center (Jerusalem)
This under construction center is in the heart of East Jerusalem, with easy access to public transit. It is about a 10 – minute walk from the Old City and holy sites. It consists of 13 floors, with (5) underground floors for parking lots and stores. It also has (2) ground floors for shops, and (3) floors for offices, as well as (3) floors for a hotel. The total area of the center is 19.340 square meters.

Al Reehan Neighborhood
PIF has made excellent accomplishment, creating several iconic landmarks in many governorates. One of the most well-known achievements and success story is the development of Al-Reehan neighborhood. This residential neighborhood has set standards of the real estate development in Palestine. There are currently over 1,600 housing units in the neighborhood with a state of the art modern infrastructure and investments in several sectors including medical, academic, and tourism. The $250 Million Neighborhood is located north of Ramallah and is only 10 kilometers away from the city center. The neighborhood is within the Ramallah Municipality jurisdiction.
PIF was keen to engage with the Palestinian private sector and the local developers, since the beginning, giving them the opportunity to invest and achieve profits by participating in developing some stages of the neighborhood or through the bids awarded to the Palestinian contracting, engineering and design firms. These efforts led to the creation of an iconic family residential neighborhood and attracted a set of vital services investments such as Istishari Arab Hospital, Lacasa Mall and the higher studies facility of the Arab American University.
Al Reehan Neighborhood sets forth the features of the urban expansion and development of the cities of Ramallah and Al-Bireh.

Al Jinan Neighborhood
PIF constructed and developed the project of Al Jinan residential neighborhood and its now fully constructed and sold and fully occupied with its residents. It covers an area of 77 dunums in the center of the suburbs of Jenin, in a strategic location 3 kilometers east of the city center and 5 kilometers northwest of the Arab American University. It is the first of its kind in the northern part of the West Bank. Al Jinan includes 54 back-to-back villas, 3 residential buildings with 28 apartments, a shopping outlet to serve residents, and central green areas.

Ersal Center
Ersal Center is the signature commercial complex in Ramallah and Al-Bireh, covering an area of 58 donums. PIF has developed and provided the area with all integrated infrastructure services and urban planning making it possible and ready for financial, commercial, and residential projects to be established in this area.
Ersal Center is located in the vibrant heart of Ramallah and Al-Bireh, offering land lots for different purposes and investments. In addition, Amaar Tower, located in Ersal Center, offers spacious office space available for companies and organizations. Other towers such as CCC building is already constructed, and more to come. Once completed, Ersal Center will lead Ramallah and Al-Bireh towards development and prosperity. The project will include 11 commercial towers for multiple facilities while in an area suitable to include public parks, playgrounds, commercial stores, schools and institutions, in order to encourage and attract more investments. The Center will serve thousands of Palestinians.
Ersal center, attracted several companies to take advantage of its strategic location, services, and infrastructure. During 2019 several businesses moved into the center.

Moon City 2
After successful implementation and sale of the project of Moon City (1) on an area of 550 dunums of land, with lots for different commercial, housing and tourism projects that meet the increasing demand by the national companies and organizations on the lots of lands for development purpose, PIF launched the first stages of planning for Moon City (2). It covers according to the plans an area of (2) million square meters of land close to Moon City (1) in Jericho and Al Aghwar (the Jordan Valley) area. The project shall be offered to developers, organizations and individuals. The location of the project is magnificently unique, so that it shall contribute to developing the Palestinian real estate sector and will provide affordable parcels for its beneficiaries.
Surda Hills in Ramallah and Al Bireh
This project spans over the hills of the town of Surda north of Ramallah city, about (2) kilometers from the iconic Al Reehan Neighborhood where public, educational, health, entertainment
and commercial facilities are available for the residents of the area.
Surda Hills offers 50 land lots that cover an area of 500-900 square meters. Each lot is sorted with a title deed and has all the adequate infrastructure services. The project aims to connect
Surda Hills with main roads to attract all those who search for excellence.
Birzeit Heights in Ramallah and Al Bireh
 
This project is approximately two kilometers away from the center of the town of Birzeit to the north of Ramallah. Through this project, Amaar effectively offers adequate infrastructure to
build residential neighborhoods outside city centers and largely populated localities under its horizontal real estate development strategy.
The project is planned with lots of 600-800 square meters sorted with title deed, allowing its potential buyers to start utilizing the land lots that are already equipped with the necessary infrastructure such as road networks, water and electricity, and is connected with the main roads network between major Palestinian cities.
Al Bustan Neighborhood in Jericho and Jordan Valley
 
The project is located 3.7 kilometers from the center of Jericho city, off the road to Hisham Palace. The project offers 49 lots of land with 750 square meters each. During the year 2019, 42% of the project was sold.

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