What is the latest status of the project “Laheq Island Residential Development”?

The status recorded for “Laheq Island Residential Development” is under construction.

What is the budget and commercial profile for the project “Laheq Island Residential Development”?

Taiyo normalizes the budget of “Laheq Island Residential Development” to USD 27000000000.

Where can I verify the source and access all details for “Laheq Island Residential Development”?

This Taiyo project page references Bloomberg along with the original URL (https://www.bloomberg.com/news/articles/2025-09-18/red-sea-homes-priced-up-to-40-million-in-saudi-property-boom). Taiyo standardizes official data into a consistent, searchable project profile.

Laheq Island Residential Development

Sector: Hotel • Location: Saudi Arabia

Source: Bloomberg

Project

Under Construction

Luxury villas and apartments are being built on Laheq Island, a ring-shaped island in the Red Sea off Saudi Arabia's shores. The development includes 528 villas and 221 apartments, along with amenities such as a golf course, marina, beach club, sailing and water-sports schools, a souk, and two hotels. It is part of a $27 billion property and tourism portfolio by Red Sea Global, owned by Saudi Arab

Status: Under Construction
Sector: Hotel, Residential, Water Supply and Storage, Commercial, Seaport
Location: Saudi Arabia
Updated: 22 Jul 2026
Source: Bloomberg

ConstructChat

Ask ConstructChat about Laheq Island Residential Development

Pick a question to edit it, or write your own.

First answer free · no account

I am a

Project Information

4 Q

The project “Laheq Island Residential Development” is an infrastructure initiative in the Hotel sector, located in Saudi Arabia. Taiyo aggregates data on it from Bloomberg.

Participants

Not available for this record.

Status

Original status	under construction
Taiyo status	Under Construction
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Luxury villas and apartments are being built on Laheq Island, a ring-shaped island in the Red Sea off Saudi Arabia's shores. The development includes 528 villas and 221 apartments, along with amenities such as a golf course, marina, beach club, sailing and water-sports schools, a souk, and two hotels. It is part of a $27 billion property and tourism portfolio by Red Sea Global, owned by Saudi Arabia's sovereign wealth fund.
Original sector	Real Estate
Budget

Location

Country

Saudi Arabia

Source

Source	Bloomberg
URL

More Details

Record type	Project
Sector	Hotel, Residential, Water Supply and Storage, Commercial, Seaport
Article published date	2025-09-21

Research

Free account

View all details

You are reading the public part. A free account opens the rest:

Every detail on this project
News and media coverage
Technical research

View all details

Free account · no card · lands you back on this project

Laheq Island Residential Development

Ask ConstructChat about Laheq Island Residential Development

Project Information FAQ

Project Information

Research

View all details

More Hotel projects in Saudi Arabia