Red Sea Development to offer off-plan villas for sale by next year: official

Above, participants watch a movie advertising Saudi’s Red Sea project on the sidelines of the three-day Future Investment Initiatives conference in Riyadh, on Oct. 25, 2017. (AFP file photo)

The Red Sea Development Company (TRSDC) is expected to launch the sale of off-plan villas in the Red Sea mega project as of next year, said Ahmad Darwish, Chief of Staff at TRSDC in an interview.

“Phase 1 will not offer lots of villas for sale, as the company is still in the process of building façade designs and providing the project services,” Darwish said, expecting stronger demand by 2030.