BRESI OVERVIEW: New Branded Residences in Jeddah announced at Atlantis Jeddah and One&Only Jeddah, both projects will be developed by Midad Real Estate.
Landmark Partnership Announced: Midad Real Estate has signed a strategic partnership agreement with Wost Jeddah Development, owned by the Public Investment Fund, and Kerzner International Holdings, a global leader in luxury hospitality to launch, the ‘Atlantis’ and ‘One&Only’ brands for the first time in Saudi Arabia.
Atlantis Jeddah Features Branded Residences: The Atlantis Jeddah development will include branded residences alongside the region’s first Aquaventure Waterpark, Lost Chambers Aquarium, over 20 dining and lounge venues, luxury retail, and a waterfront entertainment pier.
One&Only’s First Private Homes Community: One&Only Jeddah will feature guest rooms, suites, villas, and notably the brand’s first community of Private Homes in Saudi Arabia, complemented by seven specialty dining venues, the Club One Wellness Centre, private beach access, and event spaces.
Sustainability and Heritage-Inspired Design: Both resorts will incorporate sustainable practices including coral-inspired landscaping, efficient building systems, and low-impact environmental preservation measures, while featuring contemporary design inspired by Jeddah’s Corniche heritage.
Alignment with Saudi Vision 2030: This venture supports Saudi Arabia’s national goals for tourism diversification, foreign investment, and job creation, positioning Jeddah Central as a world-class hub for tourism, entertainment, and culture under the kingdom’s Vision 2030 initiative.
Midad Real Estate Announces Landmark Joint Venture with Kerzner International to Bring Atlantis and One&Only to Jeddah Central Waterfront
Midad Real Estate’ has signed a strategic partnership agreement with ‘Wost Jeddah Development’, owned by the Public Investment Fund; and ‘Kerzner International Holdings‘ a global leader in luxury hospitality, to launch the ‘Atlantis’ and ‘One&Only’ brands for the first time in Saudi Arabia.
This strategic collaboration allows for the introduction of two luxurious hotel experiences that the local market has not seen before, within the ‘Wost Jeddah’ project, a vibrant waterfront destination located in the heart of the city on the Red Sea coast.
The launch of this project aligns with Saudi Vision 2030’s goals of diversifying the economy, developing the tourism sector, and creating more job opportunities.
A Waterfront with Luxurious Touches and Exceptional Landmarks
Midad’ Real Estate, as the project developer, is responsible for developing two projects that give a global touch to the ‘Wost Jeddah’ destination, elevating it to one of the leading destinations for tourism, entertainment, and culture.
Branded Residences & Private Homes
Atlantis Jeddah has been designed as a complete entertainment world, featuring a collection of luxury residences, along with the first branch of the ‘Aquaventure Waterpark’ and ‘The Lost Chambers Aquarium’ in the Kingdom, plus dining and leisure areas, a luxury shopping zone, and a waterfront entertainment pier.
One&Only Jeddah features a collection of rooms, suites, and villas, as well as the first residential community for the brand in Saudi Arabia, in addition to 7 specialty restaurants, the ‘One Wellness Centre’ (Centre Wellness One Club), a private beach, and spaces specifically designed for meetings and events.
Both resorts boast a contemporary design inspired by the heritage of Jeddah’s Corniche, enhanced with sustainability concepts through the integration of natural elements inspired by coral reefs and eco-friendly practices.
Sustainability and Excellence in Performance
The design and planning of both projects are committed to the highest standards of environmental sustainability across all development stages, through the use of advanced building systems that reduce energy and water consumption, adopting design solutions inspired by the unique marine nature of the Red Sea, and implementing community programs that preserve local ecosystems and enhance quality of life.
CEO of ‘Wost Jeddah’, Engineer Ahmed bin Abdulaziz Al-Sulim, said: ‘This partnership contributes to establishing ‘Wost Jeddah’ as a leading global waterfront destination, and reflects the success of cooperation between Saudi developers and leading global hospitality brands. It supports our efforts to provide sustainable and world-class destinations to enhance quality of life and realize Saudi Vision 2030.’
Abdullah bin Mohammed Al-Aiban, President of ‘Midad Real Estate’, said: ‘This alliance is a strategic leap in the journey of ‘Midad Real Estate’, where we embark with ‘Kerzner’ and ‘Wost Jeddah’ to achieve an ambitious vision based on the pillars of excellence and innovation. These projects will help set new standards for luxury, sustainability, and hospitality experiences in Saudi Arabia.’
Philippe Zuber, CEO of ‘Kerzner International Holdings’, said: ‘Kerzner has a long track record in creating value in ambitious markets; we have continued to deliver exceptional performance and global recognition for our destinations, transforming them into world-renowned entertainment and luxury experiences. The presence of ‘Atlantis’ and ‘One&Only’ in Jeddah aligns with our shared commitment to develop the tourism scene in the Kingdom, and we are proud to collaborate with ‘Midad Real Estate’ for investment and development to achieve this shared vision.’
Strategic Importance
• The strategic partnership strengthens ‘Midad Real Estate’s’ position in expanding into the luxury real estate and hospitality sector.
• It elevates ‘Wost Jeddah’s’ status as an integrated destination that combines tourism, culture, entertainment, and urban development.
• The project is expected to contribute to providing opportunities for local talents and attracting visitors from all over the world to the western region of Saudi Arabia.
Information and Images Suppled by Midad Real Estate.
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