Assaudia launches Al-Esayi Tower project in Jeddah Balad Area

The tower represents the first opportunity to buy commercial space on a freehold basis in the traditional business area. Sales of units will begin on December 9 at the Al-Esayi Tower sales center situated in Qaser Albahr Alahmar Hotel in Jeddah.

With an estimated price tag of SR100m, the Al-Esayi Tower will offer a top-of-the-line business environment, quality construction and superior infrastructure offerings. The 24-storey tower will include 17 business floors for offices, two world-class showroom floors and three parking levels. It will also feature an easy access to major road networks, and views of the Red Sea and the surrounding historical district.

Matasem Hajaj, General Manager of Assaudia Real Estate Development Company, said: "As one of the fastest growing business environment in the Kingdom, Jeddah Balad Area has a high demand for world-class commercial office space, Al Esayi Tower is the first tower to offer sales of modern office space that meet the needs of businessmen and investors, as it will represent the perfect environment for those who search for uniqueness and perfection in their daily business operations."

The Al-Esayi Tower has been carefully planned and designed to provide a premium business experience, unique architecture and a first-of-its-kind opportunity in the middle of Jeddah's historic district. Assaudia sought to achieve a complete, high-quality commercial environment that would be the right architectural fit for our society and this district."

"The tower, Mr. Hajaj explained, is aimed at three types of investors: businessmen and women based in Al-Balad who seeks to own a modern, fully equipped office close to their current location, firms who plan to expand their business network, and businesses specialized in banking and investment."

The tower will be built in a manner that facilitates the free flow of traffic in the area, and its basement-level parking maximized to reduce the strain on the surrounding community. Each parking level will span 1,280 sq. m.

Potential buyers can visit Al-Esayi Tower Sales Centre in Qaser Albahr Alahmar Hotel in Jeddah; sales will start from 9am to 9pm Saturday to Thursday.

Assaudia Real Estate Development continues to further its mission of sustainable development in Jeddah's real estate market and in Saudi Arabia as a whole. The Al-Esayi Group's history includes several projects such as Al-sharq, Al-manar and affordable housing projects that have made real estate affordable for the country's middle-income residents.