Limited availability

Palmera Apartments by Red Sea Global – Laheq Island, KSA

Private Red Sea retreats on Laheq Island, with instant beach access and extravagant lifestyle offerings at the heart of The Souq.

STARTING PRICE

SAR 5.85M (≈ AED 5.73M)

PAYMENT PLAN

80/20

HANDOVER

Q4 2028

ROI POTENTIAL

High resale prospects 

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Laheq Island, The Red Sea Destination, KSA, UAE,
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About the Project

Overview of Palmera Apartments: Redefining Prestige by the Sea

Palmera Apartments lie on the northeast side of The Ring, Laheq Island’s iconic mixed-use enclave. It proposes a limited number of 16 branded apartments in the first private island community within the Kingdom.

With its bustling Souk surrounds, direct beach access, and beautiful palm gardens, the project, built by Red Sea Global and designed by Lissoni & Partners along with Studio Paolo Ferrari, combines boutique luxury with the energy of a genuine Arabian marketplace.

Riyadh – 2 hr 10 min direct flight to Red Sea International

RSI Airport to Laheq Island – 30 min by electric yacht and car 

The Souq & Marketplace – 5 min walk 

Marina & Beach Clubs – 5–10 min

Project Details

Starting Price

SAR 5.85M (USD 1.56M)

Handover

Q4 2028

Payment Plan

20% on handover

Area

1,259 – 7,212 sq. ft

Property Type

Luxury Branded Apartments

Bedrooms

1–3BR

Developer

Red Sea Global (PIF-backed)

Location

Laheq Island, KSA

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Signature Features & Resort-Style Amenities

Located inside The Ring at Laheq Island, Palmera Apartments provides residents with an exceptional mix of island isolation and dynamic cultural events.

  • Direct beach access and private gardens 
  • Marina & Beach Club
  • Souq Marketplace: boutiques, cafés
  • Family Beach Club with pools

  • North Park & Golf Club
  • Well Hotel & Spa
  • Concierge, ground & marine transfers
  • Community programs

Property Types

1-Bedroom apartments, 117–231 sqm, starting from SAR 5.85M
2-Bedroom apartments, 165–296 sqm, starting from SAR 7.25M
3-Bedroom apartments, 239–670 sqm, starting from SAR 10.7M

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Property Type

Living Area

Starting Price

1-BR Apartments

2,141 sq ft

SAR 5.85M

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1-Bedroom Apartments

Living area

2,141 sq ft

Starting price

SAR 5.85M

80/20 Payment plan

Ownership is seamless through a milestone-based payment plan.

5%

On Booking

75%

On Construction

20%

On Handover

Q4 2028

Investment Potential

Palmera Apartments comprises an uncommon opportunity to secure one of just 16 boutique homes in the exclusive Souq Ring of Laheq Island.

As of 2025:

  • Boutique branded apartments with limited inventory
  • Entry pricing from SAR 5.85M (≈ AED 5.73M)
  • Prime location near The Souq with lagoon views and direct beach access
  • Anticipated resale premiums of 15–30% in line with Red Sea branded residences 
  • Alignment with Vision 2030’s regenerative tourism objectives

Contact a Property Investment Consultant

Flexible Financing Options

in the UAE

Buying an off-plan property or a ready-to-move-in home? Maximise your buying power with competitive mortgage options tailored to your needs.

  • Secure a mortgage during construction to maximize leverage
  • Combine developer payment plans with tailored bank financing
  • Get pre-approved in as little as 3 days
  • Conventional and Sharia-compliant financing available
  • No hidden fees or added costs
Contact a Mortgage Specialist

Gallery

Exteriors

Interiors

Living in The Red Sea Destination

With more than 90 splendid islands, the Red Sea Destination covers an area of over 28,000 sq km along the west coast of Saudi Arabia. Only 22 islands will be constructed as part of Vision 2030, demonstrating distinction and ecological balance. With resorts, entertainment, marinas, and cultural institutions, Shura Island acts as the beating heart.  Its unparalleled biological beauty, remarkable marine biodiversity, and outstanding hospitality entice residents and investors alike.

Area Page

Living in The Red Sea Destination

With more than 90 splendid islands, the Red Sea Destination covers an area of over 28,000 sq km along the west coast of Saudi Arabia. Only 22 islands will be constructed as part of Vision 2030, demonstrating distinction and ecological balance. With resorts, entertainment, marinas, and cultural institutions, Shura Island acts as the beating heart.  Its unparalleled biological beauty, remarkable marine biodiversity, and outstanding hospitality entice residents and investors alike.

Sophisticated Island Life

Delight in a host of selections:

  • Superyacht marina with lagoon views
  • Water sports: scuba diving, snorkeling, kayaking
  • Cycling, hiking & stargazing activities
  • Souq Marketplace: dining, boutiques, rooftops

Ultimate Healthcare

Premium care just minutes away:

  • RSI Medical Clinic at Red Sea International Airport
  • Future wellness & medical centers planned

Top-Tier Education

Nearby leading schools:

  • International schools planned
  • Proximity to educational hubs in Umluj & Yanbu

Area page

About the Developer

About Red Sea Global

Red Sea Global, fully owned by the Public Investment Fund of Saudi Arabia, is the driving force behind the regenerative and luxury tourism initiatives of Vision 2030.  The developer is well known for creating top-notch, environmentally friendly settings that meld in with their natural surroundings; Jumeirah The Red Sea is the perfect instance.

Developer's Profile

FAQ about Palmera Apartments

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Where is Palmera Apartments located?

Palmera Apartments is located on Laheq Island, part of The Red Sea Destination in Saudi Arabia, with access via Red Sea International Airport.

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