Thursday, February 17, 2011

Baniyas to develop new 2030 Tower at Sowwah Square

Baniyas Investment and Development Company (BID), an investment arm of Bani Yas Sports Club, has been awarded the contract to develop the residential and commercial 2030 Tower, worth Dh.170mn, by the Real Estate Investment Company, at the Sowwah Island, Abu Dhabi's new business district.

Baniyas Towers
The new 20 storey residential and commercial tower, located at the heart of Sowwah Square, across Cleveland Clinic, will cater to the requirements of people working on the Island. The tower will comprise luxurious single, double and triple bedroom apartments, coffee shops, retail spaces and state-of-the-art gymnasium and Jacuzzis.

Being a specialized business center, the Sowwah Island will cater to the requirements of the business community in Abu Dhabi, given, its modern infrastructure and dedicated business environment.

According to Real Estate Investment Company, Sowwah Island will grow to the new business hub in Abu Dhabi, and the 2030 Tower, will be the first-of-its-kind commercial and residential tower in Sowwah Square.

The units in the 2030 Tower will be available on a freehold basis for both nationals and expatriates at competitive rates, BID revealed.

BID is now developing another Dh.3bn mixed-use community project in Bani Yas City. The project offers luxurious apartments and villas with state-of-the-art sports and healthcare amenities, shopping mall, a FIFA standard football stadium with capacity to hold 20,000 spectators.

Construction of the first phase of this project, comprising 56 villas and 164 apartments has been completed and the Bawabat Al Sharq shopping mall will be unveiled in May 2011. The units in this phase will be delivered to their owners as soon as the infrastructure works, now being developed by Al Jaber Group are completed.

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