Money and Business

Registering interest in the Rehab Al Wareef project in Jeddah from NHC

The National Housing Company (NHC), the investment arm of the Ministry of Municipal and Rural Affairs and Housing in the Kingdom of Saudi Arabia, has announced the launch of the interest registration phase for its new residential project, “Rahab Al-Wareef.” Located within the Al-Wareef development southeast of Jeddah, this strategic project reaffirms the company’s ongoing commitment to developing integrated urban communities that contribute to improving quality of life and meeting the growing demand for housing units in the Makkah region.

Details of the Rehab Al Wareef project and its diverse housing options

The Rahab Al-Wareef project is distinguished by its large size and diverse options, comprising more than 3,300 residential units, specifically apartments. These units are designed with modern layouts and varying sizes, ranging from 116 to 164 square meters, to suit the diverse needs and aspirations of Saudi families. The project extends beyond residential units, offering a fully integrated residential environment with comprehensive services and amenities, including mosques, schools, health centers, and expansive green spaces. This ensures a comfortable living experience within an urban planning framework that prioritizes accessibility and sustainability.

Context of Vision 2030 and the goals of residential ownership

The launch of this project comes within the framework of the national efforts to achieve the objectives of “Vision 2030”, specifically the housing program which aims to raise the percentage of citizens owning homes to 70% by 2030. The National Housing Company plays a pivotal role in this framework as the largest real estate developer in the region, as it works to inject thousands of housing units into the market to bridge the gap between supply and demand, with a focus on the standards of “quality of life”, which is a fundamental pillar in modern urban planning in the Kingdom.

Al-Wareef destination: Billion-dollar investments and comprehensive urban development

The Rehab Al Wareef project is an integral part of "Al Wareef Destination," the largest urban development by NHC in the Makkah region. This massive destination represents an investment of over SAR 9 billion and spans a vast area exceeding 10.4 million square meters. Upon completion, it is planned to offer more than 12,000 diverse residential units, surrounded by an integrated system of commercial, educational, and healthcare facilities, in addition to public parks and open spaces exceeding 1.3 million square meters. This reflects a qualitative shift in the concept of housing, moving from mere residential units to vibrant, dynamic communities.

Economic and developmental impact of the project

Economically, this project, and others like it from NHC, contribute to boosting non-oil GDP by stimulating the construction sector and related industries, as well as creating new job opportunities for young Saudis in engineering, contracting, and real estate marketing. The project also promotes the organized urban expansion of Jeddah and provides housing solutions in strategic locations that serve the population density in the western region.

The National Housing Company invites all citizens who wish to own property and learn about the project details to register their interest by visiting the official link: Rahab Al Warif Project Page .

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