Sign in
The National Housing Company (NHC) launched off-plan sales for its newest residential projects in Jeddah, state news agency SPA reported. Both developments — Al Sadan and Al Thuraya — will include schools, retail stores, and sports and recreational facilities.
(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)
The rundown: Located south of Jeddah, Al Sadan is a SAR 800 mn development featuring 1k residential units, with an average price of SAR 750k per unit, Fahad Aljasser, Al-Sadan’s general project manager, told Aleqtisadiah. The development is slated for completion in 2027. Meanwhile, Al Thuraya is located north of Obhur, and features 700 Hejazi-themed units.
Building on a strong 1H: Residential markets saw growth in 1H 2024 amid heightened demand for homeownership, with Jeddah adding 11.3k units to its stock, JLL said in a report last month. The real estate services firm expects Jeddah to add 16k more units by year-end.
