Riyadh, Saudi Arabia, 26 October 2023: Addressing the growing demand for housing in AlUla, the Royal Commission for AlUla (RCU) has unveiled details of Sidrat AlUla, an iconic new real estate venture launched in partnership with the leading Riyadh-based property development firm, Al Akaria.
The ambitious urban development project is poised to set a new benchmark for modern, community-centric living in AlUla, with plans that seamlessly merge residential life with the rich natural and cultural landscape of northwest Arabia.
Located in AlUla South, Sidrat AlUla will deliver an integrated urban experience, offering approximately 810 residential units comprising villas and apartments. Furthermore, it will boast a sprawling 26,000 sq m of retail space, which will support new and diverse job opportunities for AlUla's community of citizens and expatriates. Residents and visitors to Sidrat AlUla will be able to enjoy lush green spaces, sustainable landscaping, cycling lanes, shaded pedestrian walkways, and essential community facilities including mosques and kindergartens.
Designed by Jordan-based Khammash Architects, Sidrat AlUla will provide a harmonious blend of tradition living with all the comforts and conveniences of modern urban life. With its architecture style firmly rooted in AlUla’s cultural legacy, the project will embrace contemporary design principles while promoting an elevated quality of life for all residents.
Sidrat AlUla's inclusive planning and design will ensure a variety of desirable housing units are available, with options that cater to diverse demographics, while its extensive range of amenities – from public parks to healthcare facilities – will further cement RCU's firm commitment to quality of life and the well-being of AlUla's community.
The project isn’t just a milestone for AlUla's real estate sector; it stands as a testament to RCU's dedication to enhancing quality of life through meticulously planned living spaces and community-focused initiatives. The residential development resonates with the objectives of Saudi Vision 2030, particularly its emphasis on providing superior housing and augmenting economic growth, tourism, and sustainable development.
A major urban expansion project that is aligned with the goals of the recently launched Path to Prosperity master plan, Sidrat AlUla also complements and enhances RCU's work to create a 700-unit model neighbourhood residential development announced in October 2022. These dynamic residential developments highlight RCU's ambitious urban expansion goals, and the realisation of its long-term vision for comprehensive regeneration and development of AlUla as a flourishing hub for sustainable, and sustained, investment and growth.
Al Akaria, renowned for its innovative real estate programmes that have built homes for families around the Kingdom, will play an instrumental role in shaping the long-term success of Sidrat AlUla. The firm's mission – to redefine real estate experiences – and its successful track record guarantees life in Sidrat AlUla will be comfortable and inclusive.
A strategic partner for RCU, Al Akaria's work is overseen by Saudi Arabia's Public Investment Fund (PIF) as part of the diversification of the Kingdom's economy, real estate sector, and the opening up of new investment opportunities for companies and citizens alike. Members of the community are invited to register their interested in one of the new homes at Sidrat AlUla by visiting WEB LINK HERE.
“The new Sidrat AlUla project reflects and strengthens our commitment to enhancing quality of life, accessibility and inclusivity across AlUla by providing the very best housing, community amenities, and facilities for residents," said RCU’s Chief of Communications and Official Spokesperson, Abdulrahman AlTrairi. "With the community as our utmost priority, AlUla's rapidly expanding cityscape continues to take shape through major development projects such as Sidrat AlUla, Path to Prosperity, and the model neighbourhood plan. These initiatives are not just about infrastructure development but are crucial to nurturing and redefining the essence of urban living in northwest Arabia.
"Not only does Sidrat AlUla meet the demand for new housing of the highest quality, its strategic location, expert urban planning and design, positions it as a pivotal hub for economic growth and community engagement. Providing residents with access to housing that will sustain them and their families for generations to come is a key element of RCU's goal to comprehensively, sustainably, and inclusively, develop AlUla as a great place to live”
Sari Anabtawi, Chief Investment Officer at Al Akaria, added: “We are confident that Sidrat AlUla will set new benchmarks for residential and retail spaces. Together with RCU, we are excited to contribute to AlUla's dynamic growth and, in turn, Saudi Arabia’s Vision 2030 objectives.”
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