UAE-based Sloanes Real Estate Brokers has officially opened its new property showroom in Jeddah, Saudi Arabia, in line with its plan to boost its presence in the kingdom and invest in the country's high quality and modern infrastructure.

A subsidiary of the Saudi family-owned Sabban Group, the company has a major presence in Dubai, Qatar and UK.

Issam Al Sabban, the Group CEO and Arron Browne, the managing director of Sloanes Real Estate (Saudi Arabia) inaugurated the hitech customer facility and office located at Sari Road in Jeddah.

Speaking at the opening, Al Sabban said: "It is a testament to our commitment to expand our presence in Saudi Arabia and invest in developing high quality and modern infrastructure that will serve as market benchmarks in the country."

The showroom launch follows the unveiling of its plan at Cityscape Jeddah 2015 to become the exclusive agent for a unique residential development titled ‘Bayat Plaza’ in Jeddah.

Located off the intersection of Madina Road and King Abdullah Road in Jeddah, it is the first-of-its-kind mixed-use real estate development for the Sabban Group in the kingdom.

The ‘Bayat Plaza,’ being developed by Manazil, Sabban's development arm, will include two neighbouring towers that will offer 272 luxury apartments including two-bedroom apartments, three- and four-bedroom duplexes and five-bedroom penthouses.

A full mock-up ‘Bayat Plaza’ apartment has been showcased for potential investors at the new showroom.

"The Sloanes showroom has been aesthetically designed for our customers to view our offerings in a relaxed, comfortable and inspiring environment," remarked Browne.

"This facility is expected to be the hub of our forthcoming real estate ventures in Saudi Arabia, starting with the exciting Bayat Plaza development," he stated.

 The construction of ‘Bayat Plaza’ is 50 per cent complete and development is expected to be ready by the end of 2017.

The prices for apartments are set to start from SR1,000,000 ($266,529) and can be reserved with just 10 per cent deposit payment, said Browne.

Residents of ‘Bayat Plaza’ will be serviced by over 1,600 sq m retail space spanning across the ground floor level, as well as unrivalled residents’ facilities on the first floor.

This will include a mini market, stylish cafés and food outlets, designer boutiques, a hitech gymnasium, dedicated children’s play areas and the unique Bayat Sky Gardens.-TradeArabia News Service