Al Tahaluf, a Saudi-American joint venture comprising a subsidiary of Hovnanian Enterprises and the Hamad bin Saedan Real Estate Company, has unveiled Soleya, a SAR1.07-billion ($291 million) residential community within the King Abdullah Economic City (KAEC) designed to elevate modern coastal living.

Announcing this at Cityscape Global in Dubai, the company said the project reflects KAEC’s growing appeal as a destination where contemporary design, natural surroundings, and lifestyle experiences come together to create a distinctive place to live and grow.

Abdulaziz AlNowaiser, CEO of Emaar, The Economic City, the master developer of KAEC, said: “Soleya represents the next chapter in KAEC’s growth as we introduce communities designed around quality of life, contemporary design, and the expectations of a modern city.”

“By bringing together thoughtful planning, natural surroundings, and a strong sense of community, Soleya reflects our ambition to create a destination where people can live, relax, and enjoy,” he stated.

Positioned as a new benchmark for tranquil coastal living, Soleya is planned as a distinctive residential neighborhood that offers close proximity to leading KAEC destinations, including the Royal Greens Golf and Country Club.

“The development will feature 340 villas built around a design language rooted in tropical modernism, with natural textures, shaded terraces, open spaces, and a strong indoor-outdoor flow,” he stated.

Villa types include Luz, Mar, and Sombra, each tailored to deliver a modern coastal aesthetic supported by spacious layouts and premium finishes.

Lot sizes at Soleya range from 679 sq m to 1,480 sq m, creating generous space for greenery, privacy, and outdoor living.