Leading Saudi developer Roshn has announced the sales of all residential units within Phase One of its community project, Al Arous in Jeddah.
Spread over a 4-million-sq-m area, Al Arous will boast more than 18,000 residential units in addition to key amenites such as parks, pedestrian walkways, bicycle paths, restaurants, cafes, schools and mosques.
The key phase will offer 2,365 single family homes in the community’s eastern village and commercial core.
The community will be developed as per Roshn’s key design principles – the provision of high-quality housing connected to an array of integrated amenities and public spaces that together form vibrant, livable communities, said the Saudi developer.
The community will include pedestrian-friendly streets, green spaces, and a rich array of civic, retail, sports, and recreational amenities, it stated.
Roshn pointed out that like its other communities, Alarous too has been designed to offer a modern, open lifestyle, while preserving the kingdom’s rich heritage and local urban designs.
Group CEO David Grover said: “Bringing our vision for modern, integrated living to Jeddah is a testament to the demand for the Roshn concept. As a national developer, we strive to go beyond building homes to building communities that create vibrant, entertaining, and fulfilling lifestyles.”
The opening of sales for Al Arous follows the successful roll-out of Riyadh’s Sedra, where Roshn’s early offerings were met with an overwhelmingly positive response.
Demonstrating the market demand for Roshn’s concept of integrated neighbourhoods, the sales booking pipeline for Sedra was 30-times oversubscribed for the first 3,048 units.
Meanwhile, Roshn has expanded its footprint in the capital by acquiring Riyadh Front’s shopping and business areas, located adjacent to its flagship development, Sedra.
The purchase of existing commercial and retail space from Riyadh Front Company is a first for Roshn, and the latest step in its journey to becoming the region’s biggest multi-asset class real estate developer.
To ensure best-in-class service levels to tenants and visitors to Riyadh Front, Roshn has struck a property management agreement with its original developer, Kaden Investment.
Riyadh Front was opened by Kaden in 2019, and since then it has become a key attraction in Riyadh’s commercial and retail landscape.