JEDDAH: King Abdullah Economic City (KAEC), announced that the second phase of "Al-Talah Gardens" project will be launched soon to meet the need of the middle-income segment of the poulation for residential land plots at affordable prices. This project comes in line with the vision of King Abdullah, the Custodian of the Two Holy Mosques, to provide Saudis with housing at competitive prices in an integrated residential environment that meets their needs and aspirations.The announcement was made in the occasion held at Le Meridien Hotel in Jeddah on Wednesday in which all lands in phase one of Al-Talah Gardens project were sold out in barely 4 hours on the first day of the exhibition, as a huge number of citizens visited the event. Fahd Al-Rasheed, managing director and CEO of KAEC, said "this great success of phase one of Al-Talah Gardens project, in which all units were sold in record time, assures the progress of development at KAEC, and signifies a new achievement in the overall success of the city in filling the increasing need for housing." He noted that "Al-Talah Gardens" project offers land plots that are very competitive at SR500-700 per square meter compared to prices of other lands in Jeddah. This gives the opportunity to various members of the society to buy and own plots, some of whom are employees at Petro Rabigh, KAUST and KAEC, in addition to families from Jeddah and Makkah. "Many of the buyers were excited with the many gardens and the one kilometer walkway surrounded with trees and palms, providing a meeting point for all members of Al-Talah Gardens community". The one kilometer walkway will allow families to enjoy walking, playing and relaxing in the outdoors surrounded by trees, playground facilities and retail outlets. According to the plan, the purchaser can buy up to two land plots within the project so that other buyers will have equal opportunities. Al Rasheed highlighted that the project aims to provide housing solutions to citizens rather than business investors, ensuring that the project offers an optimum environment in terms of price, location, infrastructure and services. Located at the heart of KAEC, Talah Gardens is spread over 500,000 square meters. It overlooks three main roads from the west, east and south, with nearby entertainment, services and dining areas that command a fascinating waterfront view. Al-Talah Gardens enjoys a highly engineered infrastructure and leading edge amenities, including drainage, sewage systems, water and electricity supply, telecommunications and Internet network, in addition to safety and security systems. When completed, Al-Talah Gardens will also have integrated facilities such as schools, medical services, mosques, advanced health & fitness facilities, events hall and shopping malls at walking distance. The project will enable residents identify a new approach to modern living.
