New Event Developments has officially launched its latest residential project, New Hills, located within the Al Olaya Hills development in the South Obhur district of Jeddah, Saudi Arabia.
Dr. Hamid Mansour Al-Ragwy, Chairman of New Event Developments, announced the launch, emphasizing that the project represents a new milestone in the company’s strategy to develop modern residential communities that combine high-quality standards, innovative designs, and sustainable investment value.
He noted that New Hills has secured all required official construction and development permits, including the approved off-plan sales license under Saudi Arabia’s Wafi program, reinforcing the project’s commitment to regulatory compliance and providing greater confidence for investors and prospective homeowners.
New Event Strengthens Market Credibility with Early Handover of Sakan View
Alongside the launch of New Hills, Dr. Hamid Al-Ragwy announced the commencement of actual unit handovers at the company’s Sakan View residential project in Jeddah, ahead of the contractual delivery schedule.
The early handovers have received positive feedback from homeowners, who expressed their satisfaction with the quality of execution and the accuracy of the project’s implementation.
Al-Ragwy also revealed that the company is preparing to deliver another batch of its residential and development projects in early 2027, confirming that construction and implementation activities are progressing according to carefully planned schedules to ensure compliance with the highest approved construction and architectural standards.
The Chairman stated that completing the Sakan View handovers ahead of schedule, alongside the company’s readiness to deliver additional projects in early 2027, demonstrates its commitment to fulfilling its promises and placing clients’ and beneficiaries’ interests at the forefront of its priorities.
New Hills Offers a Strategic Location Near Jeddah Tower
Dr. Al-Ragwy explained that selecting the Al Olaya Hills development in South Obhur as the location for New Hills was based on comprehensive studies of Jeddah’s urban expansion and future development trends.
The project benefits from a strategic location near Jeddah Tower, the landmark architectural development expected to become the world’s tallest tower. This proximity places New Hills within a promising growth area experiencing rapid urban development and improvements in infrastructure, services, and major transportation routes.
He added that the launch of New Hills represents a significant addition to Jeddah’s residential real estate market, particularly as the project has completed the required licensing procedures, including the official Wafi off-plan sales permit.
According to Al-Ragwy, these approvals reinforce governance, transparency, and confidence among investors and prospective homeowners.
New Hills Introduces Smart Home Solutions and Modern Architectural Designs
Commenting on the project’s engineering and technological concept, Eng. Mohammed Al-Asri, CEO of New Event Developments, described New Hills as an integrated smart residential community designed in line with the latest architectural trends and technological innovations.
He explained that the development focuses on attention to detail, efficient space utilization, and creating a modern living environment that meets the aspirations of Saudi families.
The project’s key features include:
- Smart Home Solutions: Advanced technologies for controlling residential units, lighting, energy consumption, and smart security systems to enhance residents’ comfort, convenience, and safety.
- Modern Architectural Facades: Contemporary designs that maximize natural lighting and ensure smooth movement throughout residential spaces, contributing to an improved quality of life.
- Smart Space Utilization: Carefully planned interior layouts designed to maximize functionality while ensuring residents’ privacy and comfort.
- Integrated Facilities and Services: A comprehensive residential environment featuring green spaces, family seating areas, and a range of integrated services designed to support modern lifestyles.
New Event Developments Builds on Its Success in Saudi Arabia and Egypt
Dr. Hamid Al-Ragwy emphasized that New Hills represents an extension of New Event Developments’ successful track record in both the Kingdom of Saudi Arabia and Egypt.
He noted that the company has established a strong reputation among a broad base of clients and investors across the region through its commitment to innovative real estate development, high-quality execution, and delivering projects that meet market expectations.
The launch further reflects the company’s ambition to strengthen its presence in regional real estate markets through developments that combine contemporary architecture, modern technology, and long-term investment value.
New Hills Supports Saudi Vision 2030 and the Quality of Life Program
Concluding his remarks, Dr. Al-Ragwy highlighted that the launch of New Hills aligns with the objectives of Saudi Vision 2030, particularly the Kingdom’s efforts to increase homeownership rates among citizens and improve quality of life.
Through the project, New Event Developments aims to contribute to providing innovative and smart housing options that meet the evolving needs of Saudi families while keeping pace with the Kingdom’s comprehensive urban development.
The project reflects the company’s commitment to participating in Saudi Arabia’s evolving residential real estate sector through modern communities that integrate technological innovation, architectural excellence, and enhanced living standards.
