Sloanes Real Estate Brokers, a subsidiary of the Sabban Group of Companies, said its residential twin-towers project, Bayat Plaza, in Jeddah, Saudi Arabia, is now 90 per cent complete and on schedule for handover to investors by December.  
 
Located off the intersection of Madina Road and King Abdullah Road, the Bayat Plaza project is the first-of-its-kind residential and retail real estate development for the Sabban Group in Saudi Arabia.

The twin-tower property is being developed by Manazil, Sabban's development arm, and sold exclusively through Sloanes Real Estate Brokers.

The project will include two adjacent towers that will offer 266 luxury residences including two-bedroom apartments, three- and four- bedroom ‘Sky Villas’ and five-bedroom penthouses.
 
“We are very pleased with the progress of Bayat Plaza and delighted to announce that we are currently on schedule for a timely completion in just nine months,” remarked Badr Al Sabban, the newly-appointed managing director of Manazil.

“The Sabban Group prides itself on serving clients with transparency and honesty to meet contractual handover date. This confirms our commitment to our investors,” he stated.
 
Arron Browne, the managing director of Sloanes Real Estate Brokers, said: “As a broker, it is refreshing to be able to communicate to our investors that their investment is not only increasing in value but is also on target to be delivered as per their contract.”
 
Investors of Bayat Plaza will be serviced by over 2,250 sq m thoughtfully designed retail space.

Bayat Boulevard, a boutique shopping mall on the ground floor of the development, will offer residents and the public a host of new and exciting outlets; from mini-markets and clothing stores to cafés and restaurants, stated Browne.

The first floor of Bayat Plaza will be exclusively for residents and will include function rooms, play rooms, games room, business centres and Bayat’s unique ‘Sky Gardens.’
 
A full mock-up of a Bayat Plaza apartment is available for viewing at Sloanes Real Estate showroom and an on-site marketing suite is expected to open at Bayat Plaza at the start of the second quarter this year.

Prices for apartments start from SR1 million ($266,497) and for Sky Villas from SR3 million ($799,490) and can be reserved with just 10 per cent deposit payment.

“We are passionate about being innovative and offering something modern, different and very much needed in Jeddah. Our ‘Sky Villas’ perfectly bridge the gap between a traditional villa and high-rise living space,” added Al Sabban. -TradeArabia News Service