JEDDAH — Lifestyle Developers announced Tuesday  the complete handover of its flagship project 568 Al Zahra Residences located in the heart of Jeddah. Alongside, the innovative real estate developer has opened sales for its project Al Nahda Residences that is nearly 80 percent complete.



Catering to a gap in the Saudi real estate market, particularly among the middle-income group and young professionals, 568 Al Zahra Residences has set a new benchmark in the real estate sector in Saudi Arabia as a residential community that integrates the amenities of affordable luxury living spaces.



The success of the 568 Al Zahra Residences model was validated with the total sell out of all units within a week of its sales launch.



The announcements came at a press conference that was held today at Sultan Batterjee Holding state-of-the-art headquarters, which is also home to renowned sister company, IHCC that specializes in turnkey projects in the healthcare, education and mixed-use sector.



Addressing the media briefing, Sultan Sobhi Batterjee, President, Lifestyle Developers, said: “The quick success of 568 Al zahra Residences reaffirms our conviction about the market’s need for homes that are affordable even while integrating the components of luxury living.



Although the development delivers outstanding value to homeowners and investors, we have ensured that quality is not compromised across any aspect of the project in our vision to make comfortable living more accessible to a wider segment of the society.



“Lifestyle Developers is committed to shaping quality apartments that offer affordable purchasing opportunities. Considering the high interest that 568 Al Zahra Residences has attracted from small and medium-sized families and was sold out within a week of launching sales, we can easily say that we have achieved this goal and provided an innovative solution that meets customer interests.” – SG