King Abdullah Economic City (KAEC) has announced the sale of 147 luxury villas at its coastal community, Al Murooj Golf Community 2, near the Red Sea in Saudi Arabia's Western province.

The sales will be launched at the Jeddah Park Hyatt Hotel from September 22 to 24, 2014 and in Riyadh at Al-Faisaliah Hotel from September 27 to 29.

The villa sale launch comes in response to the growing demand for real estate and residential lands at King Abdullah Economic City, said a senior official.

"We are enjoying a boom in the development of real estate projects at KAEC fuelled by increasing demand for prime residential properties and land plots for building," remarked its managing director and CEO Fahd Al-Rasheed.

"The prestigious Golf Community 2 has been developed to provide a high quality environment designed to meet the needs of today’s affluent Saudis who aspire to a luxury lifestyle supported by technologically advanced infrastructure and world-class amenities.”

The Golf Community 2 will be offering six types of villas with a choice of three, four or five bedrooms that will have unmatched views of the new 18-hole championship golf course Royal Greens, said a statement from the developer.  

A number of villas will also get a magnificent view of both the Red Sea and the golf course lakes. The villas feature Spanish and Mediterranean-inspired architecture and spacious rooms perfect for entertaining family and friends.

The gated community has an unmatched location within KAEC with The World Academy, Dr Soliman Fakeeh Clinic, Panda, the Golf Clubhouse along with the Sports Centre, parks, and the beaches of the Red Sea all within walking distance, it stated.

Al Rasheed said all the villas were presently under construction with the first delivery of units scheduled for the first quarter of 2015.

"In addition we will be offering a relaxed payment plan to ensure affordability for those wishing to take advantage of this unique lifestyle opportunity," he added.  

Strategically located in the heart of KAEC, Al Murooj district is the most prestigious of KAEC’s coastal communities, spread over 4.9 million sq m. The district consists of three focal areas - Al-Manazel, the Beach Communities and the Golf Communities.-TradeArabia News Service