Tuesday 26 May 2020

KAEC launches sale of Azalea residential villas


Saudi Arabia's King Abdullah Economic City (KAEC) has launched the new upscale Azalea residential villas community, offered with a 10-year payment plan that involves no profit margins and handover of units with a 20 per cent payment..

The sales event are being held in the KAEC Display and Sales Center in Prince Sultan Street, Jeddah, during the period from April 25 to May 2.

The Azalea project that is expected to handover in Q1 2020, covers an area of 29,500 sq m and includes 59 fashionable residential villas, with areas ranging from 352 sq m to 518 sq m in four to five bedroom configurations designed to meet all the requirements of a modern family lifestyle.

The project is supported by an advanced infrastructure based on the highest international standards, and features exciting community amenities including landscaped park, community centre with a resident’s clubhouse, two swimming pools and children’s play areas that are already in operation.

Charles Biele, CEO of Real Estate Development Company (REDCo) in KAEC, stated: “The Azalea residential community represents the finest quality residential villas available in three different models including Modern, Arabian and Tuscan architectural styles. The community is designed to provide a state of the art infrastructure along with best in class community facilities.

“Azalea project is part of KAEC’s contribution to enhance the quality of life sector, which is one of the ambitious goals of Vision 2030 that states it will provide a variety of housing solutions that is suitable for all income levels.”

King Abdullah Economic City is one of the largest and most significant privately run economic projects in the world. It is centered on the establishment of a 181 million sq m integrated city by the Red Sea coast north of Jeddah, Saudi Arabia. – TradeArabia News Service


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