Business & Money | Wednesday 17 February, 2016 5:27 am |

Following the success of recent residential sales across all segments, King Abdullah Economic City (KAEC) is set to offer affordable apartment homes in its newly built Al-Shurooq community.  The apartments form part of Phase 1 of the district. 

Events to showcase the apartment homes will be held in Riyadh at Al-Faisaliah Hotel from February 18th-20th 2016, and at the Jeddah Hilton Hotel from February 26th-28th.

 

With their efficient and smart designs, the apartments offer tremendous value and further benefit from their close proximity to the pristine Red Sea. The 250,000 square meter Al-Shurooq community is home to 1,440 apartment homes that vary in size from one to four bedrooms. The release of the new apartments is a significant opportunity for anyone who has dreamed of owning a new home or an investor looking to capitalize on the growing demand for rental properties in KAEC.

 

“King Abdullah Economic City has a strategic goal of providing a wide range of accommodation for all social segments to meet the growing demand for residential property by Saudi citizens and investors alike,” said Mr. Fahd Al-Rasheed, Group CEO and Managing Director of KAEC. “Al-Shurooq offers a wide range of affordable, ready-built apartment homes that are a great investment for buy-to-let or first-time buyers.” KAEC has witnessed a growing demand for rental properties, as corporations and manufacturers open in the city clustered around the existing seaport, already one of the busiest in the region.

 

The Al-Shurooq district offers a wide range of amenities and services, including leisure facilities such as walkways, parks, social clubs, and outdoor children’s play areas for residents to enjoy an active and healthy lifestyle.

 

“Al-Shurooq is the ideal place for families and individuals who look forward to owning affordable, smart homes, with comprehensive facilities that fulfil their modern lifestyle needs,” said Mr. Charles Biele, CEO of Residential Development at KAEC.

 

Residents will enjoy use of the city’s amenities and social facilities, including health care services, mosques, and international schools and universities, along with a wide variety of shops and restaurants located along the seafront and marina. KAEC is also currently developing a number of luxury sporting and recreational facilities, including the Royal Greens Golf Course, a social club and Juman Park.

 

Those who are interested to attend the event are strongly recommended to register by calling 800 11 800 10 or visiting http://alshurooq.kaec.net for further details.