Business & Money | Monday 31 August, 2015 6:34 am |

In continuation of the development of King Abdullah Economic City and in response to the overwhelming demand for its residential communities, King Abdullah Economic City’s (KAEC) has announced the launch of 365 ready homes in “Al-Waha” Village. The launch event will be held at the Jeddah Hilton Hotel September 3 - 5. 

“Al-Waha” Village is an award winning state-of-the-art community offering residents a refreshing new approach to living. The popular community represents an architectural landmark as described by Mr. Fahd Al-Rasheed, Group CEO and Managing Director of KAEC: “Al-Waha Village is among the most popular and distinctive communities offered in KAEC. Al Waha Village offers families and investors a wide range of housing solutions, as well as an enriching lifestyle in KAEC at very attractive prices.” 

Mr. Charles Biele, CEO of Real Estate Development Company (RED) in KAEC said: “The allure of Al-Waha Village which extends over an area of 500,000sqm, stems from the contemporary designs and wide choice of residential units - which include apartments, paired homes, townhouses and villas, all with varied features that combine Spanish, Moroccan, Italian and Arabian designs. Al-Waha Village fulfills our customer’s desires for a modern lifestyle while maintaining its appeal as a peaceful and family-friendly community. In addition, Al-Waha features exciting community amenities including landscaped parks and walking trails plus a community center with a resident’s clubhouse, swimming pools and children’s play areas to ensure a healthy and active lifestyle. ” Biele concluded: “Al-Waha is a ready product with high demand for lease, so investors can look forward to the exciting prospect of handsome rental income along with capital gains yields.”

Al-Waha Village is a cityscape award winning community and is part of the prestigious Coastal Communities of King Abdullah Economic City. Residents will enjoy an exclusive luxurious living experience, and benefit from a number of KAEC’s existing and future lifestyle elements including a variety of beach and marina waterfront dining options, retail, health care, the highest quality schools, world class universities, and mosques. It is a ready product, available for handover upon full payment. Coupled with high demand for lease of Coastal Communities properties, this translates into an exciting opportunity to earn handsome rental yields on top of lucrative capital gains prospects.