Al Tahaluf, a Saudi-American joint venture between a subsidiary of Hovnanian Enterprises and Hamad bin Saedan Real Estate Company, has launched Soleya, a SAR 1.07 billion ($291 million) residential project within King Abdullah Economic City (KAEC) on the Red Sea coast.
The development comprises 340 villas designed with a tropical modernism style that emphasizes natural textures, shaded terraces, and an indoor-outdoor flow, aligning with contemporary coastal living demands.
Villas are available in three types, Luz, Mar, and Sombra, with lot sizes ranging from 679 to 1,480 square meters, each featuring spacious layouts and premium finishes to provide privacy and outdoor living space.
Soleya aims to set a new benchmark for tranquil coastal living by integrating thoughtful planning, natural surroundings, and a strong community sense. The project includes landscaped parks and shared spaces designed to enhance walkability and leisure for families. It offers convenient access to key KAEC destinations, including the Royal Greens Golf and Country Club, where residents receive a complimentary membership.
The location near the Haramain High Speed Rail and waterfront attractions further enhances connectivity and lifestyle appeal.
Robert Hofmann, CEO of Al Tahaluf, highlighted that the development combines international expertise with a unique location to create a comfortable, privacy-centered community connected seamlessly to outdoor environments.
KAEC’s CEO, Abdulaziz AlNowaiser, underscored Soleya as a milestone in KAEC’s evolution, reflecting a focus on quality of life and modern city living. Al Tahaluf brings over 150 years of combined heritage through its founding partners, with experience delivering more than 300,000 homes globally and developing 120 sq km across Saudi Arabia, ensuring quality and vision in the Soleya project.
Soleya’s premium positioning, practical yet elegant architecture, and emphasis on everyday well-being respond to the region’s increasing demand for quality housing within a modern coastal context. This development complements Saudi Arabia’s Vision 2030 goals to enhance housing availability and lifestyle options for residents, and is supported by KAEC’s strategy to grow into a modern, vibrant economic city on the Red Sea coast.
Image Credit – cegman.com
