Saudi Arabia Property Projects in 2024, Best KSA building designs
Saudi Arabia’s Most Anticipated Property Projects for 2024
23 October 2024
Due to the emergence of new luxury projects, Saudi Arabia is constantly changing the appearance of its cities, so 2024 will be quite an interesting year for the real estate industry. With the growth of the country’s economy, the real estate industry is growing, satisfying both domestic and foreign buyers. Some big-name residential projects are in the pipeline and are set to bring an international standard of living to the Kingdom. With the help of this article, you will be able to discover some of the most promising property projects to look forward to in 2024.
Top 5 Saudi Arabia’s Most Anticipated Property Projects
Below are the top 5 most expected property projects in KSA for 2024 that will revolutionize the luxury lifestyle and architecture in Saudi Arabia.
1. Baccarat Residences Diriyah
The Baccarat Residences in Diriyah are one of the most privileged and wealthy projects in Saudi Arabia. This project has only nine villas, featuring a combination of Najdi architecture and the Neoclassical architecture of France. These villas are from 1,029 to 2,438 sq m and, for the first time, combine the traditions of Vietnamese culture and the modernity of the Baccarat brand, emphasizing the exquisite work of craftsmen.
The architecture of the Baccarat Residences looks to the region’s past but also offers the best quality of services. The amenities will include private swimming pools, green gardens, and direct access to the Baccarat Hotel with a spa, restaurant, and venue services. Beginning at 42.3 million SAR, this development aims to provide those who want the ultimate luxury living experience in a part of the city rich in history. The villas are available in three different types: Sky Residences, Garden Residences, and the luxurious private homes in the Grand Residence, and the interiors are based on Baccarat’s 250-year history.
2. Golden Tower Jeddah
Another project expected to launch is the Golden Tower in Jeddah. Situated on the Jeddah Corniche, the hotel provides picturesque ocean views of the Red Sea and the skyscraper view of the city. Popularly known as “The Glittering Sculpture,” this single business high rise is setting a new standard in luxury apartment-style living in Saudi Arabia.
The apartments range from 344 sq.m to 1 442 sq.m and may have three to five bedrooms. Using floor-to-ceiling glass brings in natural lighting while the residents enjoy the view of the Formula 1 circuit and other important landmarks. The residents also get the basic facilities such as a swimming pool, exercise area, landscaping, children’s playing zone, and enough car space. Golden Tower is situated in a convenient area of the city, providing proximity to major shopping mall outlets, airports and other city attractions. It has already been launched, and the prices have begun from 8.5 million SAR for the project, which has already been finished.
3. Raffles Residences Jeddah
Amenities of the Raffles Residences in Jeddah include the opportunity of an exclusive luxurious living experience by the Jeddah Corniche. Located along the Red Sea, this tower comprises 48 floors and apartments of three, four and five bedrooms with elegant finishes and stunning sea views.
Raffles Residences is known for its careful approach to design and the availability of all the necessary services. These features include men’s, women’s, and children’s swimming pools, private gymnasiums, yoga and Pilates studios, resting terraces, etc. The apartments were also designed with Hejazi influence, including the design of the building and its interior look. Raffles also provides an opportunity for the platinum loyalty program to its residents with benefits such as discounts and upgrades in Accor hotels globally. These luxurious apartments will be handed over in Q2 2025 with basic unit prices beginning from 10.2 million SAR.
4. Corinthia Residences Diriyah
Corinthia Residences in Diriyah will soon offer a new luxury accommodation concept in Saudi Arabia. This project is situated at Diriyah Square, a cultural district comprising 10 Najdi-type villas with contemporary facilities.
The villas provide a new form of dwelling with more spacious planning that varies between 1,233 to 1,643 square meters. While these properties reflect Saudi traditions, they also offer luxury conveniences for today’s guests – such as personal fitness centers, swimming pools, and gardens available only to the residents. This explains why residents of Diriyah, a historic area, have access to the best lifestyle through Corinthia. It also associates them with the ancient history of Saudi Arabia and the future of the Kingdom’s cities. The cost of these luxurious villas starts from 40.1 million SAR.
5. The Ritz-Carlton Residences Diriyah
The Ritz-Carlton Residences in Diriyah integrate elite hotel standards with living spaces. This exclusive community comprises 106 houses inspired by Najdi architecture, and they come in built-up areas of 325 sqm to 840sqm. The Ritz-Carlton presents unique five-star services to the residents, including a private swimming pool, fitness center, playground, baby care center and many others.
The project is situated in Diriyah, currently under major renewal and expansion projects. The beautiful houses are comfortable and convenient and follow the style of Saudi Arabian culture, but they also have modern facilities and amenities. People get to live in a quiet environment, with trees and various forms of vegetation, within walking distance from most tourist attractions and various monuments and landmarks. Construction of this project is expected to be complete by 2026, and the starting prices range from 10.5 million SAR.
Major KSA Properties in 2024 Conclusion
The high-profile luxury projects in real estate are on the card to make Saudi Arabia one of the most remarkable markets in 2024. These projects range from the historic city of Diriyah to the dynamic city of Jeddah and are true reflections of new living in the Kingdom.
Whether you are seeking a quiet home that reflects the traditional architecture of the country or a contemporary apartment that provides the comforts of city living, these projects have many choices to fit everyone’s needs. Explore the finest luxury homes in Saudi Arabia with Sotheby’s Saudi Arabia and secure your place in one of these prestigious projects.
Comments on this guide to Saudi Arabia Property Projects in 2024 article are welcome.
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