The National Real Estate committee at the Council of Saudi Chambers successfully concluded Sairec 4, the Prominent Real Estate conference that was held under the patronage of Minister of Housing, Mr. Majed AL Hogail, earlier this month at BurjRafal Hotel Kempinski, Riyadh. The conference was conducted under the theme “The Real estate Role in the Transformation Process” and aimed to discuss the corrective actions that should be taken and the real estate laws and regulations, the public private partnerships, and their effect on the future of the real estate sector in Saudi Arabia and the economy in general.

The conference also highlighted the importance of urban planning and its role in real estate development, the individuals’ real estate mortgage and how it can stimulate development projects, the role of financial institutions and the real estate valuation in enhancing real estate investment, and the sustainable economic value in managing the Real Estate facilities.

RAFAL Real Estate Development Company, the premier residential community innovator in Saudi Arabia, were among the first who adopted the 2030 national transformation vision, who are keen to support and host economic and Real estate events such as Sairec 4 which was hosted at the Burj RAFAL Hotel Kempinski, Riyadh. Mr. Abdulrahman Bajunaid, Managing Director, RAFAL Real Estate Development Company, said “The Real estate sector is a key pillar in the economic development process and RAFAL is here to stress this fact.

This conference was conducted according the 2030 national transformation vision, and it discussed the real estate sector challenges and opportunities, the relevant governmental bodies’ efforts to support theReal estate’s regulatory and operational framework, to present an advanced model of Public Private Partnership.” It is worth mentioning that RAFAl real estate development company was established with the objective of developing distinguished residential communities with unique lifestyle that enriches the Saudi Real Estate Sector and offers both clients and investors a real opportunity to live and invest in.

June 2015

RAFAL Real Estate Development Company, the premier residential community innovator, announced the completion of the first phase of the RAFAL Living, the new lifestyle branded residential destination in Riyadh.
The 60 floor high rise hotel managed community incorporates 300 luxurious apartments, 9 office floors and a wide choice of coffee shops and fine dining restaurants, withfully integrated services and modern designs in the city of Riyadh.

The development and construction of the project is going according to the plan, as the 7250 cubic meters of concrete works was completed during 30 continuous hours, using 800 tons of steel to reinforce the base, which is an essential part of the building process.

Mr. Majed Al Hogail, Managing Director, RAFAL Real Estate Development Company said: « This important phase of RAFAL Living has been completed, thanks to ALLAH and the efforts of the supervision and monitoring teams, who are keen on the implementation of the project according to the highest quality standards and within schedule. RAFAL Living, our third vertical community, joins the RAFAL family, offering a unique way of living, combining comfort, intimacy and luxury » Mr. Majed Al Hogail added: « The project, which is strategically located on King Fahd Road is part of our aspirations to enrich the residential environment in Riyadh ».

RAFAl Living is scheduled to be fully completed by early 2018 where RAFAL will exclusively introduce to the Kingdom of Saudi Arabia the first-ever lavish residential“sky villa” concept with breathtaking views.

Riyadh –June 2015

Burj RAFAL Boulevard is getting ready for the grand opening of a new Asian fusion grill Restaurant named Azen Grill.
The restaurant’s style of cuisine is based on the concept of the harmony between bold and refined flavors.

Azen Grill serves meat, burgers and seafood grilled with authentic marinades fusing Asian and western flavors along with the sushi and sashimi from its dedicated sushi bar.

Azen Grill has chosen Burj RAFAL Boulevard, as it is one of the most desirable venue in Riyadh. Burj RAFAL Community where selected boutiques are gathered with a wealth of choice encompasses fine dining experiences, informal café culture, culinary delights and the finest beverages.

Riyadh the economically and socially vibrant core of the Kingdom of Saudi Arabia gathers the largest, most important and most affluent shopping destinations. However, when the people seek luxurious entertainment mixed with the world's most prestigious brands, shopping centers are the primary destination for Riyadh’s residents and a delightful escape for its visitors.

Shopping malls are segmented according to the international brands presence and the brands positioning is highly dependent on its presence in luxurious shopping centers and the social class of people wearing it.
Industry report revealed that the retail market in Saudi Arabia is the largest in the Middle East, with 267 billion riyals annually, which represents 18% of the GDP in Saudi Arabia, and makes it one a key player in the local economy, and the estimated expenditure per capita, includes more than 15,000 Saudi riyals.

Shopping centers are now distinguished for their luxurious environment, entertainment and prestigious services that’s why Burj Rafal Boulevard is considered the finest destination offering an elegant lifestyle.
Burj Rafal Boulevard,the most desirable address in Riyadh, gathers selected boutiques, stylish coffees and fine dining experience within an inspired modern Najdi style with a brilliant design, which makes it a distinct place for fashion lovers.

Al Hogail: ‘RAFAL residence project offers a unique and creative combination of beauty and luxury in residential real estate sector’

February 2015

RAFAL Real Estate Development Company has completed the concrete work in the upper edge of the swimming pool on the top floor of the luxurious RAFAL Residence project in Riyadh, thus setting the completion of the whole project by the end of 2015.

The residence was built with the highest quality standards and innovative techniques to achieve the desired stability and durability using 50,000 cubic meters of concrete and 7,200 tons of iron. The entire process took more than three million working hours.

Mr. Abdulelah A. Abunayyan, board member at RAFAL Real Estate Development Company, said: “We are glad to continuously offer unique projects for both citizens and residents, which will enrich the residential sector and yet can compete with global cities.”

On this occasion, Mr. Majed Al Hogail, Managing Director, RAFAL Real Estate Development Company, commented: “Today we celebrate the completion of this important stage of RAFAL residence project, our second vertical project, which offers a unique and creative combination of beauty and luxury in residential real estate sector.”

RAFAL Residence consists of 28 high-end floors, featuring 172 elegant apartments, in addition to 234 5-stars hotel apartments located in the first ten floors under ASCOTT’s management — regarded as the most important high-class hotel apartments managing company in the world.

Moreover, he said “RAFAL Residence, more than ten thousand cubic meters of luxury and harmony, comes in line with our vision of creating innovative and unique projects in the capital Riyadh.”
In addition, the residents will have access to a variety of facilities, integrated with the deluxe lifestyle of the residential apartments, offering full-fledged services. These facilities and services include a swimming pool, gym and restaurants on the first floor featuring high- class hotel services, exclusive club accessible only to the top floor residents, parking lots for both residents and guests, and drivers’ rooms as well.

RAFAL Residence, the vertical luxurious residential tower in Riyadh, which encompasses 11,000 m2 area, is located at Olaya Street in AlSahafa neighborhood north of Riyadh, within a walking distance from Burj RAFAL residence and King Abdullah Financial District. RAFAL Residence is an elegant building featuring distinct and integrated services and facilities that enrich the lives of residents and visitors alike.