Press Release Content

Emaar Middle East, the developer of the SR6 billion (US$1.6 billion) mixed-use master-planned community, Jeddah Gate, will showcase the finer aspects of the project at the Jeddah International Real Estate & Housing Exhibition to be held on March 3, 2008.

Jeddah Gate spans over half a million sq m in Jeddah's new downtown, and is regarded as a prime driver of the future growth of the area by creating a high-growth environment for homes, offices, retail, hospitality and leisure. Launched recently, Jeddah Gate has earned overwhelming investor interest.

Eng. Alaa Abdullah Saed, Chief Executive Officer of Emaar Middle East, said: "Jeddah International Real Estate and Housing Exhibition is one of the prime property expos that highlights the emerging trends in the sector. As a meeting place of potential investors, the event serves as a perfect platform for us to showcase Jeddah Gate, particularly the first phase including the Abraj Al Hilal towers, which was launched to strong investor response."

He added: "The interest in Jeddah Gate is also a reiteration of our project execution capabilities and the trust in the project as a long-term investment option. The international standards adapted for Jeddah Gate will usher in a new benchmark in property development in the city."

Jeddah Gate, located in the heart of the city, is positioned on two sites; the first is spread over 413,000 sq m and is located along King Abdullah Street; and the second is spread over 140,000 sq m along Abdullah Al Suleiman Street. The project will comprise 6,000 residential units, 230,000 sq m of commercial space and 75,000 sq m of gross leaseable area for retailers.

Jeddah Gate will feature amenities such as walkways, parks, swimming pools, fitness centres, children's play areas, day care centres and recreational areas. A wide boulevard housing high-end retail outlets and restaurants is also included in the development plan. Residents can look forward to advanced security systems, and 24-hour maintenance support.

Emaar has a significant presence in 36 markets already and has diversified into education, healthcare, hospitality & leisure, malls and financial services. In Saudi Arabia, Emaar, The Economic City - a Tadawul-listed company - is developing the largest private sector project in the region, King Abdullah Economic City.

LATEST PRESS RELEASES