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Eng. Alaa Abdullah Saed, Chief Executive Officer of Emaar Middle East, said:
"Jeddah International Real Estate and Housing Exhibition is one of the prime property expos that highlights the emerging trends in the sector. As a meeting place of potential investors, the event serves as a perfect platform for us to showcase Jeddah Gate, particularly the first phase including the Abraj Al Hilal towers, which was launched to strong investor response."
He added: "The interest in Jeddah Gate is also a reiteration of our project execution capabilities and the trust in the project as a long-term investment option. The international standards adapted for Jeddah Gate will usher in a new benchmark in property development in the city."
Jeddah Gate, located in the heart of the city, is positioned on two sites; the first is spread over 413,000 sq m and is located along King Abdullah Street; and the second is spread over 140,000 sq m along Abdullah Al Suleiman Street. The project will comprise 6,000 residential units, 230,000 sq m of commercial space and 75,000 sq m of gross leaseable area for retailers.
Jeddah Gate will feature amenities such as walkways, parks, swimming pools, fitness centres, children's play areas, day care centres and recreational areas.
A wide boulevard housing high-end retail outlets and restaurants is also included in the development plan. Residents can look forward to advanced security systems, and 24-hour maintenance support.
Emaar has a significant presence in 36 markets already and has diversified into education, healthcare, hospitality & leisure, malls and financial services.
In Saudi Arabia, Emaar, The Economic City - a Tadawul-listed company - is developing the largest private sector project in the region, King Abdullah Economic City.
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Posted by Eman Hassan
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