Jeddah, Saudi Arabia, November 4, 2007: Emaar Middle East, a property development associate company of Emaar Properties PJSC focused on the Middle East region, has unveiled Abraj Al Hilal, a key residential component of Jeddah Gate, the SR6 billion (US$1.6 billion) project located in downtown Jeddah.
The first phase of sales for the two, three, four-bedroom apartments and penthouses will begin on November 7 at the Jeddah Gate Sales Centre situated along King Abdullah Road in the Old Airport Area. The three towers, ranging from 19 to 22 storeys, have an elegant architecture that blends contemporary and traditional styles. The apartments, of size 124 to 600 sq m, are modern and offer a full range of amenities and high specifications.
"As one of the fastest growing cities in the Kingdom, Jeddah has a high demand for world-class residences," said Mr Alaa Abdullah Saed, Chief Executive Officer, Emaar Middle East. "Abraj Al Hilal is the first residential component of Jeddah Gate, one of our pioneering developments in Saudi Arabia, and will offer modern homes that meet the lifestyle needs of Jeddah's cosmopolitan population."
Redefining the standards of modern living, homes at Abraj Al Hilal will have a range of amenities including an outdoor swimming pool located on a lushly landscaped podium, an indoor swimming pool for ladies, and an array of health and fitness facilities. Other amenities will include a business center with meeting rooms and a children’s daycare centre.
Jeddah Gate features outdoor plazas, gardens and waterscapes located along pedestrian promenades and boulevards, cultural centres and mosques will add to the community feeling fostered by the residential project. Top-end retailers and several food & beverage outlets will also function in close proximity to the towers.
Mr Saed added: "Abraj Al Hilal will be a new lifestyle experience for Jeddah, offering all the comforts demanded by discerning residents today while reflecting the Kingdom's timeless social fabric. It will drive the development of Jeddah Gate, a mixed-use project with commercial and retail components."
Jeddah Gate is located in the new downtown of the city and will spread over half a million sq m. In all, the project will have 6,000 residential units, 230,000 sq m of office space and 75,000 sq m of commercial area.
Potential buyers can visit Jeddah Gate Sales Centre; sales will start from 9am. For more details, log on to www.emaar.com/ or call toll free 800 12 EMAAR (800 12 36227).
Emaar's expansion to Saudi Arabia is in line with its Vision 2010 to become one of the most valuable companies through geographic expansion and business segmentation.
