01 December 2007
Emaar Middle East has unveiled the first phase of its SR6 billion ($1.6 billion) Jeddah Gate, a mixed-use master-planned community spanning over 500,000 sq m in Jeddah’s new downtown area.
The development will feature residential units, commercial towers and a range of cultural, retail and leisure outlets.
Located in the heart of the city, Jeddah Gate 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, in close proximity to the main railroad linking Makkah and Madinah to Jeddah.
Designed by the global architectural firm HOK, 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.
“With Jeddah Gate, Emaar is bringing to Saudi Arabia its core competency of developing master-planned communities that deliver a new way of living,” said Issam Galadari, managing director, Emaar International – Middle East and North Africa.
“Jeddah Gate will be a self-sustaining lifestyle community with elegant homes, convenient office space, retail outlets and amenities such as schools, mosques and cultural centres.”
“As one of Saudi Arabia’s top development projects to create a Central Business District in Jeddah, Emaar’s project is built to become the new centre of the city and drive inward investments to the kingdom,” says a spokesman for the developer.
The project 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 hi-speed Internet and telecom connectivity, advanced security systems, and 24-hour maintenance support.
Besides Jeddah Gate in Saudi Arabia, Emaar is currently spearheading the development of King Abdullah Economic City – the largest private sector-led development in the region – through Emaar, The Economic City.