The project is part of a wider vision by Lifestyle Developers, who aims to transform the Saudi Arabian real estate sector by defining a higher quality of living for all
Saudi-based Lifestyle Developers has announced the start of construction works on its waterfront residential project, the Vue, which was designed in partnership with YOO Studios.
Located in Jeddah, the project consists of 15 floors and 36 residential units and aims to deliver a world-class offering on par with international standards to the Kingdom. The project has broken ground and piling works have been completed, with plans and timelines on track, the developer said in a statement.
The Vue will offer high-end facilities and private elevator access directly to each apartment, as well as private amenities unavailable to other residential properties in the Kingdom. The project’s site area is 2,240sqm, while the built up area is 11,728.45sqm, and includes two basement levels, ground floor plus 10 clinics, offices, amenities, retail and support facilities, the developer added.
The project is part of a wider vision by the CEO of Lifestyle Developers, Sultan Sobhi Batterjee who aims to transform the Saudi Arabian real estate sector by defining a higher quality of living for all and building projects with purpose to support thriving communities. The project was officially launched in February 2022.
“We want to give residents a new reality and to be truly proud to live in the home of their dreams complete with every facility imaginable. We work tirelessly to understand the needs of homeowners when it comes to residential lifestyles and go beyond their expectations. Through our many projects and collaboration with YOO specifically, we have raised the bar for unique lifestyle concepts, and we will continue to make the impossible come to life,” Batterjee said.
“The Vue is a prime example of the future of residential living in Saudi Arabia. We have given immaculate attention to every single detail of this project and ensured that it meets the highest of standards. With the ultimate combination of comfort and convenience, life at the Vue will offer a high-end exclusive boutique hotel experience.”
He added, “Expanding the Lifestyle Developers’ brand and collaborating with internationally renowned design studios is a testament to the success of Saudi companies in delivering unique projects in new markets. With construction of the VUE underway, it comes at an opportune time with the great ambitions of Vision 2030, which underlines the investment.”
In September, the National Real Estate Registration Services Company launched in KSA to digitalise and develop the real estate sector.
The collaboration with YOO Studio reflects the successful ventures of Saudi companies with international entities in creating new opportunities in the local market, as well as the growth of its various sectors, Batterjee remarked.
The Vue is one of many exciting and unique projects to come as a result of this flourishing partnership which is focused on developing internationally renowned quality developments by working with international partners to raise and elevate the standard of developments in the Kingdom of Saudi Arabia and beyond, he concluded.
In September, Knight Frank said it was tracking $1.1tn in real estate and infrastructure projects in Saudi Arabia.