Al Atheer Real Estate Development Company has announced that it is gearing up to launch the Obhur Park Project, an integrated, multipurpose destination and one of the leading large-scale residential developments in Saudi Arabia. The project is strategically located in one of the fastest-growing districts north of Jeddah, near Obhur beach.
Offering breathtaking views and combining modern and Spanish architecture, the project includes entrainment, service and community facilities, shopping centers, and spacious urban green spaces to ensure more tranquility, independence, and privacy to occupants. Obhur Park is the Ministry of Municipal and Rural Affairs and Housing’s only project near Jeddah Sea and is considered among the largest residential developments, exceeding 1,145km2 and comprising 8000 apartment-type residential units of various areas and styles to meet the citizens’ needs.
The Obhur Park Project provides diversified solutions to the residential sector, targeting the Sakani program’s beneficiaries in partnership with the Ministry of Municipal and Rural Affairs and Housing. This contributes to the national efforts to provide more residential units with affordable prices and flexible financing options within short deadlines and promote the real estate industry as a major contributor to the Saudi economy’s diversification.
The project is the outcome of Al Atheer Real Estate Development Company’s efforts, a Saudi Alfaf Group company, to improve the quality of life and cater to the needs of various age groups. Obhur Park comprises multiple facilities, including, among others, shopping centers, school complexes, mosques, healthcare centers, restaurants, cafes, parks, and playgrounds, all constructed according to the highest international standards of engineering, organization, and urban planning.
Sheikh Masood bin Mahdi Al Haider, Chairman, Saudi Alfaf Group, stated that “Obhur Park is one of the most anticipated integrated construction projects and comes in line with the directives of the Custodian of the Two Holy Mosques and HRH, the Crown Prince, to facilitate Saudis’ ownership of suitable accommodation, keep pace with population growth, and meet the growing demand for residential units in all regions. This project supports the endeavors to increase residential ownership among its citizens to 70% by the end of the decade in line with Saudi Vision 2030.”
For his part, Dr Turki Al Haider, Chief Executive Officer, Al Atheer Real Estate Development Company, said: “We are proud of our strategic partnership with the Ministry of Municipal and Rural Affairs and Housing, and highly appreciate the efforts of the Ministry, led by HE Majed Al Hogail, to enhance private sector’s role as a key partner in driving sustainable development, as well as to provide the residential sector with large-scale projects and modern facilities in accordance with the regulatory controls specified by the Off-plan Sales Committee (WAFI Program), with the continued support of Developers Services Center (ETMAM) and the National Housing Company(NHC) to ensure the success of real estate developments. Obhur Park is the latest addition to the ambitious construction and housing projects in the Kingdom, constructed in accordance with highest standards of sustainability and landscaping to ensure the comfort and welfare of community members.” The project is a residential city that brings together residential towers, shopping centers, green spaces and parks, and a central garden representing the ‘Project’s Green Heart’ to promote a healthy lifestyle among occupants while ensuring full compliance with environmental sustainability criteria.