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Reforming the housing and real estate sector and elevating access to housing are significant components of the kingdom’s Vision 2030.
Accordingly, Saudi Arabia’s National Housing Company (NHC) has launched two residential initiatives, Med Sadeem and Khayal Hostel, situated in Jeddah’s Sadayem and Khayala districts, introducing a collective offering of 757 housing units.
The first initiative, Med Sadeem, sprawling across 136,899 square meters in the Sadayem suburb, will feature 445 residences, encompassing villas and townhouses.
Developed in collaboration with Thabat Al Maskan Real Estate Company, these homes, ranging from 299 to 332 square meters, will feature models designed with a contemporary architectural approach, aiming to provide comfort and luxury within a vibrant ambiance infused with cultural essence, as per NHC’s statement.
The second initiative, Khayal Hostel, spanning a 54,131-square-meter area in Khayal, will house 312 apartments. Crafted with modern and sustainable design elements, these living spaces, spanning 147 to 202 square meters, will be equipped with integrated services and amenities.
Developed in partnership with Faisal Abdullah bin Saedan Company for Investment and Real Estate Development, the project will feature an array of lifestyle offerings, including lush gardens, open spaces, and pedestrian and bicycle paths, tailored to meet the desires of Saudi families.
This strategic move aligns with NHC’s commitment to introducing a novel housing concept, elevating the quality of life for Saudi citizens through comprehensive facilities and services.
The unveiling of these projects catapulted the total of 46 residential ventures by NHC, underscoring the company’s dedication to revolutionizing the housing landscape for Saudi residents.