Refad advances Miraf District mixed-use project in Khobar

Refad Real Estate Investment and Development Company says construction on Miraf District in Khobar is moving on schedule toward a 2029 delivery. The mixed-use project is designed to combine housing, offices, retail, hospitality and leisure in one destination in the Eastern Province.

Why it matters: - Miraf District is designed to add a large mixed-use destination to Khobar’s Corniche area, with residential, commercial, hospitality and leisure components in one site. - The project is positioned as part of Refad’s effort to support quality of life and urban development in the Eastern Province.

What happened: - Refad continues developing Miraf District in Khobar, with construction phases progressing on schedule. - The project is slated for delivery in 2029. - The development is located in the Corniche district of Khobar, near Downtown Khobar and minutes from the Corniche.

The details: - Miraf District covers 42,000 square meters of land. - The project has a built-up area of 200,000 square meters. - Planned components include up to 29,000 square meters of leasable commercial space. - The project includes more than 20,000 square meters of office space. - The development features 240 hotel room keys. - Miraf District includes 152 residential units. - The project provides more than 1,200 fully shaded parking spaces. - Planned destinations and amenities include Hotel Indigo, Miraf Business Tower, The Plaza and Miraf Residences. - The project also includes open outdoor spaces, an outdoor swimming pool, a gym, restaurants and cafes, shopping malls, a supermarket, specialized clinics and cinemas. - Refad says the project recently completed 100% of piling and support work. - Foundation work has started ahead of the next construction phases.

Between the lines: - The project’s scale and tenant mix suggest Refad is targeting a full-service urban district rather than a single-use development. - Early completion of piling and support work points to active site progress, but the 2029 delivery timeline still leaves several major phases ahead.

What's next: - Refad is moving into the next construction stages after completing piling and support work. - The company is working toward the 2029 handover date. - Further buildout will determine how quickly the project can convert from structure to operating district.