“The sale of Abraj Al-Hilal, a cluster of three high-rise residential towers within Jeddah Gate, gained strong home buyer and investor response. The first few residential towers are currently in their final stages of completion and will be handed over to customers in the coming months,” said Dr. Dia Malaab, regional chief executive officer of Emaar Middle East.

The Abraj Al-Hilal consists of three residential towers ranging from 19 to 22 stories including two, three and four bedroom apartments and penthouses. Apartment sizes range from 124 square meters to 600 square meters with residents able to enjoy a number of amenities such as two swimming pools -- one outdoor and the other an indoor swimming pool for ladies -- a health and fitness center and a business center with meeting rooms as well as a children’s daycare center.

According to data found on the BNC Network wesbite, which give a project overview of construction project throughout the GCC, the deadline for handover of residential units at Abraj Al-Hilal is February 2011.

Previous reports from Emaar Middle East stated that the Abraj Al-Hilal has become one of the most efficient construction projects in the Kingdom reporting an eight-day cycle per floor.

“The eight-day cycle on the construction of Abraj Al-Hilal is a landmark for Emaar Middle East and one of the best construction progress reports in the Kingdom,” said Alaa Abdullah Saed, CEO of Emaar Middle East, adding that the company’s commitment to developing Jeddah Gate to the highest standards has helped them achieve an on-schedule delivery of homes.

The overall master plan of the massive Jeddah Gate project is for it to be completed in two phases. Construction on the project began in 2007 on a site in the heart of the downtown area strategically positioned on two sites — the first spread over 413,000 square meters along King Abdullah Street and the second spread over 140,000 along Abdullah Al-Suleiman Street.

The site is in close proximity to the main railroad station to link Jeddah to the two holy cities of Makkah and Madinah.

The total project when completed in Q4 2013 will contain 6,000 residential units, 230,000 square meters of commercial space and 75,000 square meters of gross leasable area for retail outlets and restaurant space. The project currently employees 800 professionals and skilled workers registering 7,000 man hours per day.