Zood Real Estate Launches "Elovy" Project North of Riyadh
Zood Real Estate has launched the "Elovy" mixed-use project in Al-Nakheel neighborhood, north of Riyadh, featuring 1,700 residential units, 300 hotel units, and three office towers.
Zood Real Estate announced the launch of the "Elovy" mixed-use project in Al-Nakheel neighborhood, north of Riyadh, expanding its portfolio in the Saudi capital.
The project includes around 1,700 residential units, along with 300 hotel units and three office towers, with commercial spaces extending along Northern Ring Road.
The project site features direct views of the King Abdullah Financial District, making it appealing to residents and investors seeking proximity to the financial district and central services in Riyadh.
Yasser Al-Qazlan serves as CEO of Zood Real Estate, while the project aligns with Riyadh's trend toward mixed-use developments that combine housing, work, retail, and services in a single precinct.
What do these terms mean?
Mixed-use project: A development that combines residential, office, retail, and hospitality elements in a single location.
King Abdullah Financial District: A business and financial district in Riyadh housing corporate headquarters and financial institutions.
Hotel unit: A room or suite prepared for short-term stays and managed as part of a hotel.
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