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Own one of just 16 boutique branded apartments on Laheq Island with direct beach access, Souq lifestyle, and premium resort amenities by Red Sea Global.
Palmera Apartments is an exclusive collection of 16 branded residences on Laheq Island’s iconic Souq Ring. Developed by Red Sea Global with designs by Lissoni & Partners and Studio Paolo Ferrari, the project combines boutique luxury with the vibrant lifestyle of The Souq. Each home offers direct beach access, private palm gardens, and a refined mix of island seclusion and cultural energy.
Palmera Apartments aligns with Saudi Arabia’s Vision 2030, located within the Red Sea’s first private island community. With only 16 residences, direct beach access, and integration into Laheq Island’s Souq Ring, the project offers strong exclusivity and rarity. Investors can expect steady yields (~7‑8%) and resale premiums of 15‑30% driven by branded demand and the Kingdom’s expanding luxury tourism market.
Ownership is structured via milestone‑based instalments: 5% reservation, 15% on SPA, 15% at 10% construction, further phased payments until 75% completion, and 20% upon handover in Nov 2028.
Marina & Beach ClubsA 105-berth marina, yacht concierge, and family beach clubs with pools and water sports ensure a resort-quality lifestyle.
24/7 ServicesConcierge, security, housekeeping, and both ground & marine transfers ensure seamless comfort and convenience.
Souq Marketplace LifestyleBoutiques, cafés, rooftops, and lounges within The Souq provide cultural vibrancy at your doorstep.
Direct Beach Access & Palm GardensEvery residence offers access to private beaches and landscaped palm gardens for serene island living.
Infinity pool
A range of cafes and gourmet restaurants are located near the residential complex.
F&B services
A range of cafes and gourmet restaurants are located near the residential complex.
Red Sea Global, fully owned by Saudi Arabia’s Public Investment Fund (PIF), is the master developer behind The Red Sea and AMAALA. Renowned for its regenerative and sustainable tourism model, RSG delivers world‑class destinations combining luxury living with environmental stewardship, fully aligned with Vision 2030.
Located within a 28,000 sq km tourism masterplan, Laheq Island combines pristine beaches, cultural vibrancy, and resort living. Transfers from Red Sea International Airport take just 30 minutes by electric yacht and car, providing seamless connectivity.
Laheq Island integrates lifestyle, leisure, and cultural infrastructure with quick access to retail, marinas, and beach clubs.
Future international schools and wellness centers are planned within the Red Sea hub, with easy access to Umluj and Yanbu educational clusters.
The Souq is the cultural heart of Laheq Island, blending authentic Arabian heritage with contemporary experiences. Residents can enjoy art exhibitions, live performances, boutique retail, rooftop lounges, and curated cultural events that make the island a vibrant lifestyle hub.
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Metropolitan Group is a prominent leader in the UAE real estate market, with 16 years of experience and a stellar reputation. With offices in Dubai, Abu Dhabi, Ras Al Khaimah, and Vienna, we are committed to providing clients with exceptional service and a professional approach.
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