Ascott Signs Two Properties in Jeddah, Saudi Arabia

Ascott has signed two more serviced residences in the vibrant port city of Jeddah, Saudi Arabia.

The 51-unit Citadines Sari Jeddah is slated to open in 2015, while the 135-unit Somerset Corniche Jeddah, the first Somerset-branded serviced residence in Saudi Arabia, will open in 2016.

The new properties will strengthen Ascott’s portfolio in Saudi Arabia to nearly 700 apartment units across five serviced residences.

Mr Sym Lee, Ascott’s Head for the GCC, said, “Within Saudi Arabia, Jeddah has emerged as one of the key business destinations, attracting a steady flow of travellers who are there for projects, meetings and conventions. The city is also a popular stopover destination for Muslim pilgrims visiting the neighbouring holy cities of Makkah and Medina. There is huge demand for international-quality accommodation in Jeddah but supply is lacking. With Citadines Sari Jeddah and Somerset Corniche Jeddah, discerning travellers can expect spacious and stylishly-designed apartments that come complete with amenities and personalised services, providing them with an ideal home away from home.”

Citadines Sari Jeddah

Citadines Sari Jeddah is located on Sari Road near the junction with King Abdulaziz Road. These are two of Jeddah’s main arterial roads, which house multinational companies such as Unilever and Saudi Hollandi Bank. Residents will be able to enjoy convenient access to international boutiques, restaurants and cafés nearby. The property is also right next to Stars Avenue Mall, one of Jeddah’s most prominent and popular shopping centres.

Citadines Sari Jeddah will offer studios, one and two-bedroom apartments that come with a fully-equipped kitchen, separate work and living areas, as well as modern amenities.

Residents will be able to enjoy facilities such as a residents’ lounge, restaurant and swimming pool.

Somerset Corniche Jeddah

Somerset Corniche Jeddah is located along the city’s picturesque coastal area, just a street away from the Red Sea and a 20-minute drive from the King Abdulaziz International Airport. The property is close to Jeddah’s main business districts in Tahlia and Al Khalidia, international schools such as American International School and British International School and the King Fahad Hospital. It is also within walking distance to parks, restaurants and retail outlets along the coastal area, providing a range of leisure options to residents and their families on short or extended stays.

Guests will be able to choose from a mix of studios, one-bedroom and two-bedroom apartments.

Somerset Corniche Jeddah’s facilities include a swimming pool, fully-equipped gymnasium, residents’ lounge, children’s playroom and restaurant.

Besides Citadines Sari Jeddah and Somerset Corniche Jeddah, Ascott will manage the 125-unit Ascott Tahlia Jeddah and the 122-unit Citadines Al Salamah Jeddah for the Group when the properties open in 2015.

In the GCC, Ascott is also scheduled to open Ascott Olaya Riyadh, as well as its first properties in Oman, Somerset Panorama Muscat and Sohar Garden Residences, in 2015. Ascott currently manages Ascott Park Place Dubai, Ascott Doha, Somerset West Bay Doha and Somerset Al Fateh Bahrain.