Page 12 - #184 September 2023

MIDDLE EAST

ROSHN GROUP ANNOUNCES NEW MIXED-USE SCHEME IN
THE NORTH OF JEDDAH

ROSHN Group, Saudi Arabia’s most trusted multi-
asset class real estate developer and PIF giga-
project, has announced MARAFY, a transformative,
mixed-use development in the north of Jeddah that
will accommodate over 130,000 residents with a
11-kilometre-long man-made canal at its centre.
MARAFY will provide a new waterfront around its
manmade canal which will add a new destination to the
north of Jeddah. The 11km long and 100m-wide navigable
canal will connect to and extend Obhur Creek, will be
surrounded by multiple unique districts, it is the first
canal ever to be built in Saudi Arabia and ROSHN’s first
fully mixed-use development.
MARAFY is set to breathe new life into Jeddah,
creating an urban water corridor that will link homes
and communities with nature, commerce and life-
enhancing amenities.

APPAREL GROUP HAS DEBUTED 19 NEW STORES IN THE HIGHLY-ANTICIPATED ‘THE WAREHOUSE’ SCHEME, REDEFINING KUWAIT’S RETAIL LANDSCAPE. THIS EXPANSION FALLS
UNDER APPAREL GROUP’S ONGOING PLANS TO ELEVATE THE SHOPPING EXPERIENCE BY BRINGING HIGHLY SOUGHT-AFTER BRANDS TO THEIR CUSTOMERS. THE NEW STORES
ENCOMPASS AN ARRAY OF PRESTIGIOUS BRANDS LIKE AEROPOSTALE, ALDO, ALDO ACCESSORIES, BABIES & MORE, BEVERLY HILLS POLO CLUB, BIRKENSTOCK, COLD STONE
CREAMERY, DUNE LONDON, FOREST ESSENTIALS, HAVAIANAS, TIM HORTONS, LC WAIKIKI, LEVI’S, R&B, RITUALS, SKECHERS, STEVE MADDEN, THE CHILDREN’S PLACE AND XIMI
VOGUE. NEERAJ TECKCHANDANI, CEO OF APPAREL GROUP, EXPRESSED HIS ENTHUSIASM, STATING: “THIS IS ANOTHER MOMENTOUS MOMENT FOR US.”
SAUDI MOUNTAIN RESORT DANUBE LAUNCHES NEW
NEARS OPENING JUMEIRAH PROJECT

Construction at Desert Rock in Saudi Arabia began in July 2021, UAE-based Danube Properties has announced the launch of
with the first-phase to be completed by 2023, with 16 hotels. Saudi its twin-tower project Elitz 3, within the Jumeirah Village Circle
Arabia’s upcoming mountain resort Desert Rock has finished 50 per (JVC), featuring 750 residential apartments with a mix of studios,
cent of its construction, as per a statement by its developer Red one-, two- and three-bedroom units and a few retail stores.
Sea Global (RSG). RSG is also the developer behind massive and The $218M project will be located in the same area as Elitz
upcoming megaprojects such as Amaala and The Red Sea. and Elitz 2 towers – which are currently under construction. On
“We wanted to create a destination that allows guests to experience completion in Q4 2026, Elitz 3 will rise 40 and 46 floors high
Saudi Arabia’s untouched beauty. Desert Rock will provide guests boasting more than 40 community, health and lifestyle amenities
with uninterrupted spectacular views while preserving the natural including a health club, swimming pools, sports arena, tennis
landscape for future generations to enjoy. We have drawn inspiration court, barbecue area and jogging track.
from the surrounding environment, while providing unparalleled Speaking at the launch, Group Founder and Chairman Rizwan
luxury, allowing guests to connect with nature and create memorable Sajan said: “Dubai’s real estate market continues to defy global
experiences,” John Pagano, Group CEO of RSG said. economic slowdown due to its dynamism and attractiveness and
Desert Rock, which is designed by Miami-based Oppenheim we see sustained growth soon, which reinforces our firm belief
Architecture, is a resort that blends into the mountain. Visitors at the in the market. This is what has encouraged us to launch Elitz 3
upcoming resort can reach the entrance via a concealed valley that within just a month after launching Elitz 2 at the Jumeirah Village
leads to many lodgings built into the rock. Circle (JVC),” he stated.

12 RETAIL & LEISURE INTERNATIONAL SEPTEMBER 2023