Saudi Arabia's KEC completes 72 Dar Al-Jewar Phase 2 villas in Madinah
Tadawul-listed developer says Phase 2 homes within the gated community will be handed over by Q4 2019
Saudi Arabia’s Tadawul-listed Knowledge Economic City (KEC) confirmed it had completed the construction of 72 villas in the Dar Al-Jewar Phase 2 gated community, part of the Madinah Knowledge Economic City project in the kingdom.
Phase 2 of Dar Al-Jewar comprises 207 villas, with the entire multi-phase development featuring 900 homes, aimed at catering to residential demand in Madinah.
The recently completed 72 units are being readied for handover to buyers in Q4 2019, and at the same time, another 87 villas are expected to be completed within the project.
Second-phase homes will add to Dar Al-Jewar’s Phase 1 capacity of 221 villas, with KEC carrying out operation, maintenance, and management of the homes.
KEC is also managing the Dar Al-Jewar neighbourhood club, which will serve the 428 villas that Phases 1 and 2 together comprise, the company said in an Arabic-language missive to Tadawul.
According to construction intelligence platform ProTenders, Phase 2 of the project is being built by Rezaik Algedrawy Contracting as general and mechanical, electrical, and plumbing (MEP) contractor.
Dar Al Omran Planners, Architects & Engineers is involved as project manager for Phase 2 of Dar Al-Jewar, according to ProTenders.