In recent years, the real estate market in Pakistan has boomed. Islamabad, in particular, has seen a surge in development, with new housing societies and residential complexes popping up all over the city. One of the most popular new developments is Kingdom Valley Islamabad. So, who is the owner of this luxurious new development? According to our sources, it is none other than Malik Riaz Hussain, the billionaire founder of Bahria Town.
The different types of ownership
The different types of ownership in kingdom valley islamabad are:
1) Freehold ownership: This type of ownership gives the owner the right to live in and use the property as they wish, for an indefinite period of time. The owner can also sell, lease or mortgage the property.
2) Leasehold ownership: This type of ownership gives the owner the right to live in and use the property for a specified period of time, after which the property reverts back to the lessor. The owner cannot sell, lease or mortgage the property during the term of the lease.
3) Joint ownership: This type of ownership is where two or more people own the property together. Each owner has an undivided interest in the property and can use it as they wish. The owners can also sell, lease or mortgage their interest in the property.
4) Tenancy-in-common: This type of ownership is where two or more people own the property together, but each person has a distinct and separate share in the property. The owners can use their share of the property as they wish and can also sell, lease or mortgage their interest in it.
5) Community Property: This type of ownership is where husband and wife jointly own all assets acquired during marriage. Each spouse has an equal interest in all community assets and can use them as they wish.
The benefits of ownership
There are many benefits of ownership, but the three main benefits are:
1. Pride of Ownership – When you own your home, you can take pride in knowing that it’s yours. You can decorate it and make changes as you see fit, without having to worry about a landlord approval.
2. Financial Freedom – Homeownership gives you the opportunity to build equity in your property. As your property value increases, so does your net worth. Additionally, you may have the chance to refinance your home and use that money for other investments or purchases.
3. Stability – Unlike renting, which can be subject to landlords raising the rent or selling the property, owning provides stability. Once you’ve bought your home, your monthly mortgage payments will typically stay the same for the life of the loan (assuming you have a fixed-rate mortgage).
The disadvantages of ownership
There are a few disadvantages of ownership when it comes to Kingdom Valley Islamabad. One is that the monthly maintenance fee is quite high. Another is that there have been a few cases of water and electricity shortages. Lastly, security can be an issue as the area is not fenced off and there have been reports of crime.
The Hussain Group
The Hussain Group is the largest shareholder of Kingdom Valley Islamabad. The group is a conglomerate of businesses with interests in construction, real estate, and hospitality. The group is based in Pakistan and has a strong presence in the Middle East and North Africa. The Hussain Group has been a major player in the development of Islamabad and has played a key role in the city's growth and expansion. The group is also involved in a number of philanthropic initiatives in Pakistan and has been a major contributor to the country's economy.
What is Kingdom Valley Islamabad?
Kingdom Valley Islamabad is a world-class residential development project located in the beautiful city of Islamabad, Pakistan. The development is spread over an area of 4,500 acres and offers a wide range of amenities and facilities to its residents. Some of the key features of the development include:
• A world-class gated community with 24/7 security
• A variety of luxurious villas and apartments
• A 18-hole championship golf course
• Five-star hotels and resorts
• An international school
• A state-of-the-art hospital
The development is being undertaken by Kingdom Developers, a leading real estate company in Pakistan with a strong track record of delivering quality projects on time. Kingdom Valley Islamabad is slated for completion in 2025 and will be a landmark addition to the city of Islamabad.
Who is the current owner of Kingdom Valley Islamabad?
The current owner of Kingdom Valley Islamabad is Mr. Malik Riaz Hussain. He is a Pakistani business magnate, investor, and philanthropist. He is the founder and chairman of the Bahria Town Group, which is one of the largest real estate developers in Pakistan.
Mr. Hussain was born in 1952 in Rawalpindi, Punjab, Pakistan. He received his early education from local schools in Rawalpindi. He later attended the University of Karachi, where he studied business administration. After graduating from university, Mr. Hussain started his career as a clerk in a government department. However, he soon left his government job to start his own business ventures.
TheBahria Town Group was founded by Mr. Hussain in 1997. The company has since become one of the leading real estate developers in Pakistan with projects all over the country. Under Mr. Hussain's leadership, the Bahria Town Group has developed several iconic projects such as Bahria Town Lahore, Bahria Town Karachi, and Kingdom Valley Islamabad.
Mr. Hussain is also an active philanthropist and has been involved in various charitable initiatives over the years. He established the Bahria Foundation in 2006, which is a non-profit organization that provides educational and medical assistance to needy people across Pakistan.
How did Malik Riaz become the owner of Kingdom Valley Islamabad?
Malik Riaz Hussain is a Pakistani businessman who is the founder and chairman of Bahria Town, the largest private real estate development company in Asia. He is also the owner of Kingdom Valley Islamabad, a luxury housing project located in the Margalla Hills.
Riaz was born in 1952 in Karachi, Pakistan. His father was a police officer. Riaz graduated from the University of Karachi with a degree in civil engineering. He began his career as a contractor for the Pakistan government.
In the 1980s, Riaz started his own construction company. He later diversified into real estate development. In 1997, he founded Bahria Town.
Bahria Town is responsible for developing many large-scale housing projects in Pakistan, including Islamabad's Diplomatic Enclave and Lahore's Lake City. The company has also developed residential townships in Karachi and Rawalpindi.
In 2014, Riaz acquired Kingdom Valley Islamabad from Saudi Prince Alwaleed bin Talal for $140 million. The project includes a five-star hotel, luxury villas, and an 18-hole golf course.
What are the benefits of living in Kingdom Valley Islamabad?
There are many benefits of living in Kingdom Valley Islamabad. The first benefit is that it is a very safe and secure place to live. There are no crime rates and the people are very friendly. The second benefit is that there are many facilities available for residents. These include a swimming pool, a gym, a tennis court, and a playground. The third benefit is that the area is very beautiful and scenic. The fourth benefit is that the prices of properties here are very reasonable.
We hope this article has helped to answer the question of who is the owner of Kingdom Valley Islamabad. From our research, it appears that the development company behind this project is none other than the well-known Bahria Town. With their experience in developing some of Pakistan's most iconic real estate projects, we are confident that Kingdom Valley will be another stunning addition to Islamabad's landscape. We can't wait to see what they have in store for us and we hope you will join us in following their progress!