Business · Companies · 13 hrs ago
Othaim launches integrated residential project in Dammam
Othaim Real Estate Development has launched The O Residence, its first project, in Dammam, Saudi Arabia.
The development is on King Fahd Road inside Othaim Park, near major work routes in the Eastern Province.
It is designed to bring housing, work, shopping and leisure together in one connected area, rather than provide homes alone.
Residents are expected to have access to a shopping centre, hotel, fitness club, offices and open spaces, with separate entrances intended to protect their privacy.
The plan aims to reduce time spent travelling by placing everyday services close to residents’ homes.
The company says it plans to design services into projects from the start and draw on its experience in retail, entertainment and hospitality.
Othaim aims to launch 10 projects across Saudi Arabia in the next two years, with investments exceeding 16 billion riyals.
Abdullah Al Othaim Investment has launched The OWO Residence, an integrated residential project in Dammam.
The company describes it as the first project by Al Othaim Real Estate Development and a step toward creating integrated destinations.
The project is located on King Fahd Road, within Al Othaim Park.
Its planned setting brings homes together with shopping, hospitality, fitness, offices and open spaces.
The company aims to launch 10 projects in Saudi cities over the next two years, with investments exceeding 16 billion riyals.
- Who
- Abdullah Al Othaim Investment, through its real estate development arm, Al Othaim Real Estate Development.
- What
- It launched The OWO Residence, an integrated residential project.
- When
- Not stated
- Where
- On King Fahd Road, within Al Othaim Park in Dammam, Saudi Arabia.
- Why
- The company says it aims to create a residential destination combining homes with work, leisure and services, reflecting residents’ daily needs.
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- Project
- The OWO Residence
- Developer
- Al Othaim Real Estate Development
- Location
- King Fahd Road, Al Othaim Park, Dammam
- Planned project launches
- 10 over the next two years
- Planned investment
- More than 16 billion riyals
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What people are saying
The OWO Residence is the first step in translating our vision of developing integrated destinations and communities that enrich daily life in Dammam
Real estate development is not limited to developing traditional residential units, but begins with understanding what people need in their daily lives and translating that into a fully serviced community
We aim to launch ten projects over the next two years in a number of cities across the Kingdom, with investments exceeding 16 billion riyals