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Al-Suwaiket Group has announced the completion of work on the 46-storey Dhahran Tower, located on the Dammam-Alkhobar Highway in Saudi Arabia
The landmark, which is nearly 200 metres tall has become the Eastern Province's tallest tower, is a residential building with no commercial offices and will cater to the high-end market.
"From the sixth floor to the 34th floor, we have two-bedroom apartments and from the 35th floor to the 44th, we have three-bedroom apartments," said Al-Suwaiket Group chief executive Abdullah Al-Suwaiket.
The US$93.3 million building, comprised of 291 fully furnished apartments with separate cooling features and equipped with a helipad, promotes the "Manhattan-style of living", Al Suwaiket Group stated.
The Dhahran Tower also features 24-hour security, spa, jacuzzi and hamam facilities, concierge and housekeeping service.
According to the Saudi-based real estate developer, the apartments will be available on an annual rental basis.
Al-Suwaiket Euro Village general manager A Y George explained, "The rent for the two-bedroom apartments will in the range of $27,997 to $31,995 per year depending on the floor and the view.
"The three-bedroom apartment's rent will be in the range of $31,996 to $41,329," he added.