Media Centre

Residential land plots sale of Beach Community 2 at Al-Murooj district in King Abdullah Economic City (KAEC) witnessed huge demand by citizens and investors looking for land plots offered in prestigious locations. All land plots of beach community 2 phase’s one, two, three and four were completely sold out at the sales’ events recently launched in both cities Riyadh and Jeddah

In this occasion, Mr. Fahd Al-Rasheed – Managing Director and CEO of King Abdullah Economic City, expressed his delight for this great success, saying: “Today we witness another important step in King Abdullah Economic City development journey. We are proud of the new sales record which clearly reflects the buyers and investors trust and confidence in KAEC, and confirms it is the most sought after residential, business and investment destination in all of Saudi Arabia.” He went on: “This remarkable success incites us to assure our customers that we are prepared to launch a new land sale which will be announced soon.”

Al-Rasheed also pointed that the huge influx of investments in business enterprises and industrial projects resulted in a surge demand on residential accommodation, which KAEC is meeting by offering a wide range of housing solutions that are suitably priced for different income levels within an integrated urban lifestyle.

Al Murooj district is the most prestigious of the KAEC coastal communities. Spread over 4.9 million sqm the district consists of three focal areas: the Al Manazel townhouses; the Golf Communities surrounding an 18-hole golf course; and the Beach Communities. Residents of Beach Community 2 will enjoy a 40 meter wide sand beach complete with a pier, gazebos and seating areas, while the residential properties are supported by a state-of-the-art infrastructure and world-class service facilities.