Saudi's KAEC hands over residential plots for Al Talah Gardens
King Abdullah Economic City (KAEC) has announced the handing over of land plots in the Al Talah Gardens residential district, more than six months ahead of schedule
King Abdullah Economic City (KAEC), the largest privately-funded new city in the world, has announced the handing over of land plots in the final Phase 5 of the residential Al Talah Gardens district, more than six months ahead of schedule.
The popular Al Talah Gardens district is being developed as a premium residential community in five phases.
KAEC built on 18,100ha of land on Saudi Arabia’s Red Sea coast, near the commercial city of Jeddah, has already handed over the first four phases of the project and now the fifth phase is ready even before the contractual handover date.
"Delivering this project ahead of schedule reaffirms our commitment to providing exceptional service to buyers of residential land plots and properties," remarked Fahd Al Rasheed, the group chief executive and managing director of KAEC.
Al Talah Gardens Phase 5 is designed by the US architectural firm Skidmore, Owings & Merrill (SOM). Its infrastructure too is being readied on advanced standards with special design for storm drainage, sewage system, potable water, irrigation, electricity and telecom networks along with public roads and walkways, he noted.
"Al Talah Gardens Phase 5 has enjoyed considerable demand from the market, for both prime residential properties and land plots for building," said Charles Biele, CEO of residential development, KAEC.
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, according to Biele.