One of the most promising avenues for development on this land is the construction of luxury condominiums or apartments. The growing demand for high-quality housing in the diplomatic area, coupled with the land’s prime location and ample size, makes it an attractive proposition for developers looking to cater to the discerning tastes of expatriates and local professionals. The development of residential units would not only generate significant rental income but also contribute to the enhancement of the area’s overall appeal and desirability.

Another viable investment option is the construction of a prestigious residential complex. This would involve creating a gated community with exclusive villas or townhouses, offering residents a private and secure environment. Such a development would cater to the needs of families and individuals seeking a luxurious and tranquil lifestyle. The proximity to international schools, hospitals, and shopping centers would further enhance the appeal of this residential complex.

In addition to these options, the land could also be considered for mixed-use development, combining commercial and residential components. This approach would allow for a more diverse and dynamic use of the space, potentially generating higher returns on investment. For instance, the ground floor could be dedicated to retail outlets or office spaces, while the upper floors could house residential units. Such a mixed-use development would create a vibrant and self-sufficient community, attracting a wide range of residents and visitors.

The selling price of 170 USD per square meter represents an excellent value for such a strategically located and sizable land parcel. Given the rapid appreciation of property values in the diplomatic area, investors can expect a significant return on their investment over time. Furthermore, the development of this land would contribute to the economic growth and development of the city, creating jobs and enhancing its reputation as a desirable destination for both residents and businesses.