King Abdullah Economic City Hands Over Plots Six Months in Advance
King Abdullah Economic City (KAEC) announced handing over land plots in Phase 5 of the AlTalah Gardens district, more than six months ahead of schedule.
“Delivering this project ahead of schedule despite the tightening real estate sector indicates the strength of our business and execution, and reaffirms our commitment to providing exceptional service to buyers of residential land plots and properties.” said Mr. Fahd Al-Rasheed, GCEO and Managing Director of King Abdullah Economic City.“
The very popular AlTalah Gardens District is being developed as a premium residential community in five phases. Phases 1, 2, 3 and 4 have been handed over already and phase 5 is now completed and ready before the contractual handover date.
AlTalah Gardens 5 is designed by one of the world’s top architectural firms, Skidmore, Owings & Merrill (SOM). The development’s infrastructure is designed as per world-class standards for storm drainage, sewage system, potable water, irrigation, electricity and telecom networks along with public roads and walkways. In terms of design of community, functionality, leisure facilities and overall lifestyle, AlTalah Gardens is on par with top residential developments around the world.
“AlTalah Gardens 5 is one of KAEC’s most attractive residential and lifestyle developments and we have enjoyed considerable demand from the market, for both prime residential properties and land plots for building,” said Mr. Charles Biele, CEO of Residential Development at KAEC. “It features state-of the-art infrastructure and world-class public services, is an excellent opportunity for families and individuals to build their own homes, as well as for investors looking for long-term returns in the real estate market.
Residents of Talah Gardens will also enjoy the fast emerging city’s broader range of amenities including beach and marina waterfront dining options, retail, health care and security, international-quality educational institutions, sporting and leisure facilities and extensive green landscapes.
About King Abdullah Economic City
King Abdullah Economic City (KAEC) is the largest privately-funded new city in the world. Situated on the west coast of the Kingdom of Saudi Arabia, KAEC covers an area of 181 square kilometers of land, approximately the size of Washington DC. KAEC comprises King Abdullah Port, the Coastal Communities residential districts, the Haramain Railway district and the Industrial Valley. The city is under development by Emaar, The Economic City, a publicly listed Saudi joint-stock company established in 2006.