Sloanes Real Estate Brokers, a subsidiary of the SABBAN Group of Companies, has announced that its iconic residential twin-towers, Bayat Plaza, is now 90% complete and on schedule for handing over to investors by December 2017. Located off the intersection of Madina Road and King Abdullah Road in Jeddah, the ‘Bayat Plaza' project is the first of its kind residential and retail real estate development for the SABBAN Group in Saudi Arabia, and is being developed by Manazil LLC, Sabban's development arm and sold exclusively through Sloanes Real Estate Brokers. The project will include two neighboring towers that will offer 266 luxury residences including 2 bedroom apartments, 3 and 4 bedroom ‘Sky Villas' and 5 bedroom penthouses. "We are very pleased with the progress of Bayat Plaza and delighted to announce that we are currently on schedule for a timely completion in just nine months" said Badr Al Sabban, newly appointed Managing Director of Manazil LLC. "The Sabban Group prides itself on serving clients with transparency and honesty to meet contractual handover date. This confirms our commitment to our investors." Badr Al Sabban Arron Browne, Managing Director of Sloanes Real Estate Brokers added:"As a broker, it is refreshing to be able to communicate to our investors that their investment is not only increasing in value but is also on target to be delivered as per their contract." Investors of ‘Bayat Plaza' will be serviced by over 2,250sqmthoughtfully designed retail space; ‘Bayat Boulevard', a boutique shopping mall on the ground floor of the development and will offer residents and the public a host of new and exciting outlets; from mini-markets and clothing stores to cafés and restaurants. The first floor of Bayat Plaza willbe exclusive for residents and will include function rooms, play rooms, games room, business centers and Bayat's unique ‘Sky Gardens.' "We are passionate about being innovative and offering something modern, different and very much needed in Jeddah. Our ‘Sky Villas' perfectly bridge the gap between a traditional villa and high-rise living space," added Al Sabban. A full mock-up of ‘Bayat Plaza' apartment is available for viewing at Sloanes Real Estate Showroom and an on-site Marketing Suit is expected to open at Bayat Plaza at the start of Q2 this year. Prices for apartments start from SAR 1,000,000 and for Sky Villas from SAR 3,000,000 and can be reserved with just 10% deposit payment.
