RAFAL real estate development company, the premier residential community innovator, has announced the initiation of the selling process of its new community "RAFAL Residence", after concluding construction works and finalizing 80% of the finishing works. This announcement came after the approval granted by the Ministry of Commerce and Industry to initiate the map selling of RAFAL Residence. RAFAL Residence the second vertical residential community developed by RAFAL offers the "RAFAL" lifestyle, which is embodied in the gated community concept that provide luxury, privacy and security in an integrated modern fully serviced environment. RAFAL Residence enriches the social environment, which is aspired by many Saudi, and non-Saudi families, who are looking for sophisticated residential solutions in a modern environment while preserving the local traditions and customs. Essam Al-Ghamdi, Marketing and Strategy Manager, RAFAL Real Estate Development Company, said: "RAFAL has been the leader in introducing the vertical residential communities concept in Saudi Arabia, after the focus in the Saudi real estate market was limited to office and commercial vertical projects." RAFAL Residence community is developed over 27 floors, consisting of 234 fully serviced hotel apartments by Ascott; and 172 apartments developed in a unique design, some of which include a terrace, a balcony and adjustable windows; in addition to 4 penthouses and a private club exclusive for residents located at the top floor of the residential community. RAFAL Residence is supported by an integrated facility that includes retail stores, hospitality and entertainment facilities.
