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King Abdullah Economic City (KAEC) has announced the off-plan sales of residential land at Miram Al-Hejaz in the city’s Hejaz district.
KAEC is releasing 280 plots in a master-planned gated community suitable for the construction of single-family homes. Prices start at SR358,000 ($95,510) over five years with five percent down payment. The new plots are within walking distance to KAEC’s Haramain high-speed railway, which will start operations early next year.
“The new ‘Miram’ residential project will meet the needs of the increasing number of families, investors and visitors coming to KAEC seeking promising opportunities and a better lifestyle. The Haramain railway station, which will place KAEC an hour away from the two holy cities and only 35 minutes from downtown Jeddah adds to the appeal of the city for people who seek a unique residential location within an easy commute of their current job,” said Fahd Al-Rasheed, managing director and group CEO of KAEC. “The continuous demand for our various residential projects and the real opportunity that ‘Miram’ project represents for those who want to live close to the two holy mosques encouraged us to release the project onto the market at this time despite the economic slowdown.” The station is also the centerpiece of an extensive retail and commercial development that will include a modern souk, new retail malls and cultural centers as well as office space.
“Miram Al-Hejaz features state-of-the-art infrastructure including fiber-optic data connections, energy-efficient construction and extensive landscaping as well as unparalleled connections with the other major cities in the Western region,” said Charles Biele, CEO of the Real Estate Development Company (REDCO) at KAEC.
Miram Al-Hejaz claims to offer residents a luxurious lifestyle experience and numerous facilities, which include beach and marina waterfront dining options, retail outlets, health care, security, mosques, high-quality schools, world-class universities and a number of luxury sporting and recreational facilities such as Juman Park and the Royal Greens Golf Course.
Plots at Miram Al-Hejaz were first exhibited at a sales launch at the Hilton hotel in Jeddah from Nov. 30 to Dec. 2.