Economic City apartments sale draws huge response
Jeddah, September 10, 2007
The first residential community at King Abdullah Economic City (KAEC) near Jeddah has recorded overwhelming investor response.
Emaar, The Economic City (Emaar.E.C), the company developing KAEC, launched the Bay La Sun Village on Saturday.
The entire lot of apartments released for sale were sold out signalling investor confidence in KAEC, the single largest private sector-led development in the region.
At a press conference held at KAEC Sales Centre today, Dr Abdulraouf Mannaa, managing director, Emaar.E.C said the launch of new residential units has been brought forward to meet the customer demand.
“The overwhelming response from customers to Bay La Sun Village at KAEC is an indication of the investor trust in Emaar.E.C’s flagship project,” said Dr Mannaa. “As an integrated, mixed-use project that will power the economy of Saudi Arabia, KAEC offers strong investment potential – a fact highlighted by the investor response to our first residential community.”
Bay La Sun Village is the first complete residential community within KAEC. Nidal Jamjoom, executive director for Commercial Development, Emaar.E.C, unveiled a full brief to the media and presented the benefits that Bay La Sun offers its residents.
“Bay La Sun Village will appeal to those who prefer the luxury of living by the Red Sea in close proximity to a range of amenities,” he explained.
He added: “The village will include residential towers, schools, a central shopping centre, mosques, banks and gas stations, clinics and office buildings. The name Bay La Sun has been derived from the name of a tree that is regarded as a source of inspiration for many Islamic and western scholars.”
Emaar.E.C has engaged a team of internationally renowned architects and consultants to design Bay La Sun with the brief to maximise sea views for all residents. The apartments will blend the elegance of traditional architecture with the convenience of modern fittings and finishes. All homes will feature advanced telecom systems and will be environmentally friendly to encourage energy saving. Residents can also customise their needs through an array of smart home technologies. Bay La Sun Village will also have several wide and elegant sidewalks and safe beaches for residents to enjoy a healthy lifestyle.
The first residential units will be handed over by end of 2008. Potential investors can visit the Sales Centre inside KAEC and the sales centre in Riyadh on King Fahad Road. More details can be had by calling 8001180010 or at www.baylasun.com. -TradeArabia News Service