Skip to main content

The Line in Saudi Arabia is actually selling apartments now - $1M+ to live in a 170km long mirror building. Would you buy?

So I just went down a rabbit hole researching The Line (that crazy NEOM project in Saudi) and found out theyre actually selling units now. We're talking $1-5 million for apartments in what will basically be a 500m tall, 170km long building in the desert.

Some wild facts:

  • 140,000 workers currently building it
  • Using 20% of the worlds available steel supply
  • First section opens 2030 (only 2.4km instead of promised 170km)
  • Foreigners can buy but need residency permits
  • No cars, everything within 5 min walk
  • Mirrored exterior walls (RIP birds)

The whole thing sounds like something from a sci-fi movie but they're actually building it. Construction videos show massive excavation happening right now.

What gets me is the density - theyre planning for 260,000 people per square km. That's 6x denser than Manila. In a single building. In the desert.

Anyone here actually considering buying? Or know someone who has? I'm genuinely curious if people are dropping millions on apartments in a city that exist yet. The renders look incredible but living in a 200m wide building with no option to leave except by high speed rail seems... intense.

What do you think - revolutionary urban planning or dystopian nightmare?

submitted by /u/BuildsandBuys-com
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1l8o4yx/the_line_in_saudi_arabia_is_actually_selling/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/