Tilal Real Estates, a leading real estate company in Saudi Arabia, has launched ‘Heart of Khobar’, one of the largest real estate projects in the Eastern Province, with a market value of SR 6 billion ($1.63 billion) upon completion of its phases, a report said.
The company made its announcement during its participation at Cityscape Global exhibition in Riyadh, being held from November 11 to 14, at the Riyadh Exhibition and Convention Center ‘Malham’, north of Riyadh, Saudi Gazette said in a report.
The project aims to provide adequate housing for Saudi families by delivering a sustainable and pedestrian-friendly urban environment and promoting an integrated lifestyle in the heart of Khobar.
The Heart of Khobar project extends over a total area of 268,813 sqm. With its strategic location in the luxurious Al Rawabi neighbourhood in Khobar, the project consists of 14 components, including residential and commercial facilities, hotels and recreational venues.
It will be one of the most prominent integrated communities in the kingdom, which embodies the concept of the “urban village”.
It offers a safe and flexible environment that combines housing, work and fun in one place.
Abdulrahman AlBassam, CEO of Tilal Real Estate, said: “The “Heart of Khobar” project is a strategic step towards the future of smart and integrated cities in the Kingdom, as it contributes to achieving an exceptional quality of life for residents and visitors alike.
“Our main goal is to provide an exceptional living experience that combines sustainability, comfort, and luxury.
“We look forward to making the ‘Heart of Khobar’ a role model in achieving the Kingdom’s Vision 2030 and enhancing Khobar’s status as an attractive destination for living and investment.”
Notably, the project is distinctive in its unique design that considers the needs of pedestrians, with up to 89% mobility on foot, which facilitates access to most utilities and services without the need for cars.
This design enhances public health and social interaction among residents and creates an integrated living environment in the heart of Khobar.
The project includes various facilities, including a shopping mall, business park, community centre, cinema, hotels, serviced apartments, co-working spaces, and recreational venues, making it an ideal environment for living and working.
The phases consist of three main stages, covering different areas, including residential units, offices, hotels, and recreational facilities, which enhances the integration of its design to serve all the needs of the local community.
Send us your company’s news today and they could be featured on ABC’s Community News tommorow.
