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KAEC launches sale of home plots

KING ABDULLAH ECONOMIC CITY, March 18, 2018

Saudi Arabia’s King Abdullah Economic City (KAEC) has released 130 new plots suitable for the construction of single-family homes at a masterplanned gated community Al Hejaz Miram within the city, 100 km north of Jeddah.

The sales launch was held at Makkah Hilton Convention Centre in Makkah. Prices start at SR409,000 ($109,000) over five years with five per cent down payment only, a statement said.

“We are delighted to bring our residential products to Makkah in response to the keen interest shown by its citizens. The Haramain railway station which just started its operations, will place KAEC near to the two holy cities of Makkah and Madinah, and only half an hour from King Abdulaziz International Airport, adds to the appeal of the city for people who seek a unique residential location,” said Fahd Al Rasheed, managing director and Group CEO of KAEC.

“The continuous demand for our various residential projects and the real opportunity that Al Hejaz Miram Community represents for those who want to live close to the two Holy Mosques encouraged us to release the new land plots after sales record in the first batch despite the economic slowdown.”

The station is also the centerpiece of an extensive retail and commercial development that will include a modern suq, new retail malls and cultural centers as well as office space, hotels, entertainment and sport arenas.

“Al Hejaz Miram, once completed, will feature a state-of-the-art infrastructure including fibre-optic data connection, smart city services, energy-efficient construction and extensive landscaping as well as health and sports facilities, separate swimming pools for men and women. In addition to unparalleled connections with the other major cities in the kingdom,” said Charles Biele, CEO of the Real Estate Development Company (Redco) at KAEC.

Residents will enjoy an exclusive luxurious lifestyle experience and benefit from KAEC’s numerous facilities, which include waterfront dining options, retail outlets, health care, security, mosques, the highest quality schools, world class universities and a number of luxury sporting and recreational facilities such as Juman Park, Royal Greens Golf Course and Esmeralda Sports Complex. – TradeArabia News Service




Tags: Makkah | KAEC | Residential plots |

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