Thursday, April 14, 2011

Reem Investments to build luxury villa community at Najmat

The Reem Investments has announced plans to build 42 luxury villa waterfront communities at Najmat, in Reem Island, Abu Dhabi.

Located along the southern shore of Najmat, the Nalaya Villas, will be a spectacular 16mn sq. ft. development on Reem Island, located 300mts off the coast of Abu Dhabi City Center.

The villas constitute three, four and five bedrooms available for lease directly from Reem Investments, which will be highlighted this month at Cityscape Abu Dhabi, the region's premier real estate investment and development event. The villas will be completed towards second quarter of 2012.

The development will also feature a private beach and park, offering a distinctive haven from the hustle and bustle of downtown Abu Dhabi. The community will be further serviced by a private clubhouse and swimming pool.

The Chief Executive Officer of Reem Investments, Bambang Sugeng Bin Kajairi, said that the residential villas have distinctive architectural quality and offer Abu Dhabi residents a safe and close-knit community lifestyle, and a sanctuary from the hectic city life.

The progress at Najmat is being made at a steady pace, with the Phase 1 infrastructure works already complete. The Phase 2 infrastructure works have begun, which includes creation of the beaches.

The visitors who arrive at the Cityscape Abu Dhabi event, to be held from 17th to 20th April 2011 at the Abu Dhabi National Exhibition Center, will be able to collect more details about the Nalaya development at the Reem Investments stand, located at the entry to Hall 5.

Reem Investments, which develops, executes and manages investment strategies to expand core business of real estate investments, is also the master developer of Rawdhat, on Airport Road, Abu Dhabi. It is the first dedicated ‘develop to lease’ residential business and retail community in Abu Dhabi, which includes recreational amenity, a popular venue for sporting activities, and home to Manchester United Soccer Schools.

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