24 floors of commercial space, tallest in Jeddah Balad area
Extensive range of amenities
Sales to take place at Jeddah Gate Sales Centre
Jeddah - Assaudia Real Estate Development, a wholly owned subsidiary of the Omar K. Al-Esayi Group (OKAG), has unveiled Al-Esayi Tower, a 24-story tower located in Al-Balad, Jeddah's historic downtown district. The tower represents the first opportunity to buy commercial space on a freehold basis in the traditional business area. Sales of units will begin on December 9 at the Al-Esayi Tower sales center situated in Qaser Albahr Alahmar Hotel in Jeddah.
With an estimated price tag of SR 100 million, the Al-Esayi Tower will offer a top-of-the-line business environment, quality construction and superior infrastructure offerings. The 24-storey tower will include 17 business floors for offices, two world-class showroom floors and three parking levels. It will also feature an easy access to major road networks, and views of the Red Sea and the surrounding historical district.
Matasem Hajaj, General Manager of Assaudia Real Estate Development Company, said: "As one of the fastest growing business environment in the Kingdom, Jeddah Balad Area has a high demand for world-class commercial office space, Al Esayi Tower is the first tower to offer sales of modern office space that meet the needs of businessmen and investors, as it will represent the perfect environment for those who search for uniqueness and perfection in their daily business operations."
The Al-Esayi Tower has been carefully planned and designed to provide a premium business experience, unique architecture and a first-of-its-kind opportunity in the middle of Jeddah's historic district. Assaudia sought to achieve a complete, high-quality commercial environment that would be the right architectural fit for our society and this district."
"The tower, Mr. Hajaj explained, is aimed at three types of investors: businessmen and women based in Al-Balad who seeks to own a modern, fully equipped office close to their current location, firms who plan to expand their business network, and businesses specialized in banking and investment."
The tower will be built in a manner that facilitates the free flow of traffic in the area, and its basement-level parking maximized to reduce the strain on the surrounding community. Each parking level will span 1,280 sq. m.
Potential buyers can visit Al-Esayi Tower Sales Centre in Qaser Albahr Alahmar Hotel in Jeddah; sales will start from 9am to 9pm Saturday to Thursday. For more details, log on to www.alesayitower.com.sa or call toll free 800 244 4404
ASSAUDIA Real Estate Development continues to further its mission of sustainable development in Jeddah's real estate market and in Saudi Arabia as a whole. The Al-Esayi Group's history includes several projects such as Al-sharq, Al-manar and affordable housing projects that have made real estate affordable for the country's middle-income residents.
About ASSAUDIA Real Estate Development Company:
A wholly owned subsidiary of the Omar K. Al Esayi Group (OKAG) and member of Al Esayi Real Estate division, ASSAUDIA Real Estate Development was established in 1994 to offer real estate asset development services to property owners, investors and developers and provides a range of specialist consultancy services in real estate and business development in the following areas:
Investment strategies
Portfolio management
Development services
Marketing and leasing services
Long before its establishment, Assaudia was a department within Aqarat Company, another member of Al Esayi's Real Estate Division, providing specialized development services to the Group as well as to third parties.
Since its establishment, Assaudia has executed the following projects in Jeddah:
- Buyut Al Manar (housing development -90 villas);
- Eastern Homes -Buyut Asharq (housing development -232 villas);
- Waziriah Buildings (housing development -40 Appartment units);
- South Corniche (2,650,000 square meters land development project);
- Al Buhairat (a SR 11m evaluation project commissioned by NCB)
For more information, please contact:
Manar Al Shaer
Assaudia Real Estate Development Co.
Jeddah
KSA
Phone: +966 2 642 1333
Fax: +966 2 642 4210
Email: Alshaer_mh@assaudia.com.sa
Bashar Kharbat
Asdaa Public Relations
Jeddah, KSA
Phone:+ 966 2 6575-194
Fax: + 966 2 6575-277
E-mail: b.kharbt@asdaa.com
Saleh Al Hamamy
Asdaa Public Relations
Jeddah, KSA
Phone:+ 966 2 6575-194
Fax: + 966 2 6575-277
Email: s.hamamy@asdaa.com
© Press Release 2007
