Al Khaleej stuns Al Hilal with 3-2 victory, ending 57-match unbeaten run    Turki Al-Sheikh crowned "Most Influential Personality in the Last Decade" at MENA Effie Awards 2024    Saudi Arabia arrests 19,696 illegals in a week    SFDA move to impose travel ban on workers of food outlets in the event of food poisoning    GACA: 1029 complaints recorded against airlines, with least complaints in Riyadh and Buraidah airports during October    CMA plans to allow former expatriates in Saudi and other Gulf states to invest in TASI    11 killed, 23 injured in Israeli airstrike on Beirut    Trump picks billionaire Scott Bessent for Treasury Secretary    WHO: Mpox remains an international public health emergency    2 Pakistanis arrested for promoting methamphetamine    Move to ban on establishing zoos in residential neighborhoods    Moody's upgrades Saudi Arabia's credit rating to Aa3 with stable outlook    Al Okhdood halts Al Shabab's winning streak with a 1-1 draw in Saudi Pro League    Mahrez leads Al Ahli to victory over Al Fayha in Saudi Pro League    Saudi musical marvels takes center stage in Tokyo's iconic opera hall    Saudi Arabia and Japan to collaborate on training Saudi students in Manga comics Saudi Minister of Culture discusses cultural collaboration during Tokyo visit    Al Khaleej qualifies for Asian Men's Club League Handball Championship final    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Sitting too much linked to heart disease –– even if you work out    Denmark's Victoria Kjær Theilvig wins Miss Universe 2024    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Al-Oula Real Estate unveils residential tower and 5 star hotel in Al-Khobar City
Published in The Saudi Gazette on 26 - 04 - 2016

Oula Real Estate Development Company, one of the largest real estate developers in the Kingdom, has enhanced its prestigious project portfolio of luxurious hotels and residential and hotel apartments in the Al-Khobar City with the launch of the "Wajihat Wajdn Albahriya" project during its participation in the "Restatex Riyadh Exhibition 2016".
The "Wajdn" project covers an estimated area of 40,000 square meters, which includes two luxurious residential towers adjacent directly to the Arabian Gulf on an area of 14, 000 square meters. They are characterized by their strategic location on the Al-Khobar Corniche. Each tower consists of 40 floors containing 180 housing units, 90% of which have a unique view of the sea, and each tower provides distinguished and unique services to give an unrivalled experience for the residents, in addition to luxurious restaurants, modern gyms, swimming pools, and a spa. The project also includes a five-star hotel providing high-level services on an area of 6,800 square meters, containing 275 rooms. Furthermore, the project also includes a commercial village containing a unique group of restaurants and entertainment centers on an area of 17, 000 square meters and comprising of 13 commercial buildings, areas dedicated for children, an athlete walkway, parking lots, gardens and water fountains.
Ibrahim Al-Alwan, Chief Executive Officer of the Al-Oula Company, said "the project will provide an innovative and classy environment, in accordance with a modern style for a different and renewable life in the Kingdom. We believe in the necessity of creating integrated commercial and residential products to conform to the development occurring in Saudi society and to meet the desire of a segment of citizens seeking destinations characterized by their privacy and luxury."
He added: "The sustainability of the Saudi economy, the population growth and the changing lifestyle give positive signs of the increasing demand for this type of real estate products, which leads us to develop new products in an integrated range of real estate solutions in the Kingdom, including solutions regarding design, construction, project management, property management and its operation."
Al-Alwan noted that the "Wajdn" project is an introduction to a collection of vital and quality projects that will be developed by Al-Oula in the Kingdom. This project will constitute a paradigm shift at the level of the residential units and the concept of entertainment in Eastern Province and the Kingdom. The two residential towers are located within an integrated multi-use plan comprising of a five-star hotel, a shopping mall and two offices, all of them will be established in conjunction with the first residential tower, whose implementation has started in order to provide a multi-use complex, in addition to providing services for its occupants, the users of the shopping mall and the offices, and for the hotel residents. It is expected that the project will assume as the most prominent landmark in the city and an exceptional gateway to the "Wajihat Al-Khobar Albahriya" which is considered the most prestigious tourist destination for attracting visitors.
Furthermore, "Wajihat Wajdan Albahriya " project integrates with the efforts of the Al- Oula Real Estate Development Company to raise the level of strong trust, which are given by the investors' to the added-value of the real estate market in Saudi Arabia, and also meet the demand for luxurious residential and hotel projects in prominent locations. The project also enhances the growth of the real estate and tourism markets in the Eastern Province.
Al-Alwan expects the project to become one of the leading hotel, residential and commercial destinations in Al-Khobar City, as this project combined all the modern conveniences with the internal design philosophy that evokes exceptional elegance and luxury touches, in addition to establishing a unique lifestyle.
In a strategic move, the Al- Oula Real Estate Development Company has signed a memorandum of understanding with the Al-Istithmar for Financial Securities and Brokerage Company (Al-Istithmar Capital) to establish a real estate investment fund, aiming to develop the residential tower at the "Wajdan Albahriya" destination site. — SG


Clic here to read the story from its source.