Latest news with #residentialcommunity
Zawya
3 days ago
- Business
- Zawya
ROSHN breaks ground on first integrated community in Dhahran
ROSHN Group, the leading multi-asset real estate developer in the Kingdom of Saudi Arabia and a PIF company, has broken ground on its first fully integrated residential community - ALDANAH in Dhahran in the kingdom's Eastern Province of Dhahran. Spanning over 1.7 million sq m, the development will deliver more than 2,000 residential units upon completion. Each of the homes features diverse designs and amenities that ensure an easy and seamless transition experience for residents, said the developer. The groundbreaking ceremony was held under the patronage of Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, and in the presence of the Prince Saud bin Bandar bin Abdulaziz, Deputy Governor of the Eastern Province. ALDANAH offers nine floor plans and two distinct façade types, including duplexes and standard villas. Premium villas with five bedrooms are also available and will be conveniently positioned near a beautiful green spine. Located in Dhahran, ALDANAH is positioned near key landmarks such as the King Abdulaziz Center for World Culture, King Fahd University of Petroleum and Minerals, and the region's main business districts. ALDANAH's groundbreaking ceremony was attended by distinguished representatives from the public and private sectors, alongside ROSHN's senior leadership team, who later visited the sales center and toured the show villas, gaining a first-hand look at the diverse typologies that will be available. Speaking on the occasion, ROSHN Group Acting Chief Executive Officer Dr Khalid Johar said: "This is a significant milestone in the group's journey, fulfilling its mandate to provide exceptional, sustainable living experiences in line with Vision 2030 homeownership and quality of life goals." "Today, we are delighted to extend our fully integrated way of living to new customers in the Eastern Region. In ALDANAH, we are creating a vibrant new community deeply connected to Greater Dammam and the region's unique heritage," he noted. The groundbreaking marks a significant milestone in the development of the Eastern Region, paving the way for an integrated residential destination that offers a new way of living tailored to fulfill every aspiration, he added. ALDANAH is holistically designed to offer residents vibrant and healthy lifestyles while fostering the growth of family-friendly communities. Set to feature a wide range of amenities, the community will play a key role in enhancing the quality of life across Greater Dammam. A rich array of amenities, including mosques, community centers, retail and commercial areas, and education facilities, is all within the community, said the developer. Close to 145,000 sqm of the project's total footprint will be dedicated to urban green space, accompanied by naturally shaded and pedestrian-friendly living streets, connecting residents with nature, it added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
3 days ago
- Business
- Trade Arabia
ROSHN breaks ground on first integrated community in Dhahran
ROSHN Group, the leading multi-asset real estate developer in the Kingdom of Saudi Arabia and a PIF company, has broken ground on its first fully integrated residential community - ALDANAH in Dhahran in the kingdom's Eastern Province of Dhahran. Spanning over 1.7 million sq m, the development will deliver more than 2,000 residential units upon completion. Each of the homes features diverse designs and amenities that ensure an easy and seamless transition experience for residents, said the developer. The groundbreaking ceremony was held under the patronage of Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, and in the presence of the Prince Saud bin Bandar bin Abdulaziz, Deputy Governor of the Eastern Province. ALDANAH offers nine floor plans and two distinct façade types, including duplexes and standard villas. Premium villas with five bedrooms are also available and will be conveniently positioned near a beautiful green spine. Located in Dhahran, ALDANAH is positioned near key landmarks such as the King Abdulaziz Center for World Culture, King Fahd University of Petroleum and Minerals, and the region's main business districts. ALDANAH's groundbreaking ceremony was attended by distinguished representatives from the public and private sectors, alongside ROSHN's senior leadership team, who later visited the sales center and toured the show villas, gaining a first-hand look at the diverse typologies that will be available. Speaking on the occasion, ROSHN Group Acting Chief Executive Officer Dr Khalid Johar said: "This is a significant milestone in the group's journey, fulfilling its mandate to provide exceptional, sustainable living experiences in line with Vision 2030 homeownership and quality of life goals." "Today, we are delighted to extend our fully integrated way of living to new customers in the Eastern Region. In ALDANAH, we are creating a vibrant new community deeply connected to Greater Dammam and the region's unique heritage," he noted. The groundbreaking marks a significant milestone in the development of the Eastern Region, paving the way for an integrated residential destination that offers a new way of living tailored to fulfill every aspiration, he added. ALDANAH is holistically designed to offer residents vibrant and healthy lifestyles while fostering the growth of family-friendly communities. Set to feature a wide range of amenities, the community will play a key role in enhancing the quality of life across Greater Dammam. A rich array of amenities, including mosques, community centers, retail and commercial areas, and education facilities, is all within the community, said the developer. Close to 145,000 sqm of the project's total footprint will be dedicated to urban green space, accompanied by naturally shaded and pedestrian-friendly living streets, connecting residents with nature, it added.-TradeArabia News Service
Zawya
3 days ago
- Business
- Zawya
ROSHN Group breaks ground at ALDANAH, its first integrated community in Dhahran
The groundbreaking marks a significant milestone in the development of the Eastern Region, paving the way for an integrated residential destination that offers a new way of living tailored to fulfill every aspiration ALDANAH stands in a strategic location in Greater Dammam at the confluence of Dammam, Dhahran, and Al Khobar RIYADH: Under the patronage of His Royal Highness Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, and in the presence of the His Royal Highness Prince Saud bin Bandar bin Abdulaziz, Deputy Governor of the Eastern Province, ROSHN Group, the leading multi-asset real estate developer in the Kingdom of Saudi Arabia and a PIF company, has broken ground at ALDANAH, its first fully integrated residential community in Dhahran. ALDANAH's groundbreaking ceremony welcomed distinguished representatives from the public and private sectors, alongside ROSHN's senior leadership team, who visited the sales center and toured the show villas, gaining a first-hand look at the diverse typologies that will be available. Set to feature a wide range of amenities, the community will play a key role in enhancing the quality of life across Greater Dammam. Located in Dhahran, ALDANAH is positioned near key landmarks such as the King Abdulaziz Center for World Culture, King Fahd University of Petroleum and Minerals, and the region's main business districts. Spanning over 1.7 million square meters, the development will deliver more than 2,000 residential units upon completion. The homes feature diverse designs and amenities that ensure an easy and seamless transition experience for residents. ALDANAH offers nine floor plans and two distinct façade types, including duplexes and standard villas. Premium villas with five bedrooms are also available and will be conveniently positioned near a beautiful green spine. ALDANAH is holistically designed to offer residents vibrant and healthy lifestyles while fostering the growth of family-friendly communities. A rich array of amenities, including mosques, community centers, retail and commercial areas, and education facilities, is all within the community. Close to 145,000 sqm of the project's total footprint will be dedicated to urban green space, accompanied by naturally shaded and pedestrian-friendly living streets, connecting residents with nature. Dr Khalid Johar, ROSHN Group Acting Chief Executive Officer, said: 'This is a significant milestone in ROSHN Group's journey, fulfilling its mandate to provide exceptional, sustainable living experiences in line with Vision 2030 homeownership and quality of life goals. Today, we are delighted to extend our fully integrated way of living to new customers in the Eastern Region. In ALDANAH, we are creating a vibrant new community deeply connected to Greater Dammam and the region's unique heritage.'
Zawya
3 days ago
- Business
- Zawya
Dubai's Binghatti to develop $7bln master community in Meydan district
Dubai developer Binghatti Holding has acquired freehold land to build its first master-planned residential community in Nad Al Sheba 1 in the Meydan district. The master community will have more than 8 million square feet of gross floor area, with an anticipated total development value exceeding 25 billion UAE dirhams ($6.81 billion), the developer stated in a statement on Wednesday. 'The planned new mega project will be built on the strong momentum of our vertically integrated model,' said Binghatti Holding Chairman Muhammad BinGhatti. The land acquisition was self-financed, he said, without giving details on the land cost. Binghatti currently has 20,000 units under development across nearly 30 projects in residential areas, including Downtown Dubai, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. The developer's flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co., the statement said. (Writing by P Deol; Editing by Anoop Menon) (
Arabian Business
3 days ago
- Business
- Arabian Business
Dubai real estate: Binghatti acquires massive Nad Al Sheba Land for $6.9bn master-planned residential community
Binghatti Holding Ltd has acquired freehold land spanning over 8 million square feet of gross floor area for its first large-scale master-planned residential community in Dubai. The Dubai-based real estate developer, known for luxury-branded residences, expects the development to have a total value exceeding AED 25 billion. The land sits in Nad Al Sheba 1 within Dubai's Meydan district. The area previously housed the Nad Al Sheba Racecourse, which served as the former venue for the Dubai World Cup. The location maintains connections to major roads and sits near Dubai's key landmarks. Binghatti's first master community The planned community will focus on delivering a refined and tranquil lifestyle whilst offering convenience and exclusivity to residents. Muhammad BinGhatti, Chairman of Binghatti Holding Ltd., said: 'The acquisition of a mega plot for what is expected be our first master-planned development marks a pivotal moment in Binghatti's growth journey. The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule. Our solid financial foundation has allowed us to self-fund the acquisition of the land for what is expected to be a transformative project that will set a new benchmark for integrated living in Dubai.' Binghatti currently develops around 20,000 units across approximately 30 projects in prime residential areas throughout Dubai. These locations include Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Bugatti, Mercedes-Benz, and Jacob & Co. football star Neymar Junior and opera performer Andrea Bocelli.
