Wednesday, October 29, 2008

Mayadeen launches Dh1.6bn Aurora in Abu Dhabi

National Ranges Company (Mayadeen) has launched Aurora, the Dh.1.6bn landmark project in Abu Dhabi, which is now open for sales.

Located along the Shams on Al Reem Island, the project includes two residential towers of 53 storey each, standing high at 208 meters. The towers house 960 apartments on the whole, ranging from single bedroom to four bedrooms, penthouses and duplex rooms.

Aurora in Shams Abu Dhabi
The project will also include a 14 storey commercial tower, offering about 112,000 square feet of commercial space. A canal promenade and retail space, apart from 12-storey parking facility to accommodate 1674 cars will also be a part of the project.

The Chief Executive of Mayadeen, Ali Al Attar, said that the initial phase of shoring and piling work has been completed and the company is now planning its second phase, which includes working on foundation structure.

Mayadeen has signed five new contractors for working on the project, and the work is progressing as planned. This venture is one of the largest of its kind in the region, and is hoped to be an all-encompassing real estate project that caters to all facets of day-to-day life.

This project is a milestone to Mayadeen's journey in establishing itself as major player in the property development industry across the region, Ali Attar said.

Al Attar pointed out that following introduction of new laws and establishment of several local and foreign companies in the market, Abu Dhabi is witnessing huge demand in its residential sector, which is still surpassing the supply. The Abu Dhabi property market is continuing to witness large number of investments, and this trend is likely to continue until the next decade.

Shams Abu Dhabi is all set to be a part of what is known as "New Abu Dhabi". The concept is aimed to include several hospitals, schools, hotels, retail outlets, family entertainment venues, canals and parks, creating a self-sustained city, incorporating world-class master planning practices and further extending lush greenery into Abu Dhabi's landscape.

1 comment:

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- Kris