Dar Al Dhabi to launch The Wings project in Reem Island
Sunday, October 05, 2008
The Kuwait-based developer, Dar Al Dhabi Real Estate, has disclosed plans to develop 'The Wings' project in Abu Dhabi.
Located along the southern part of Reem Island, the mixed-use development will feature towers of 300m in height. Situated along the Najmat Marina on Al Reem Island, the Wingles include one residential and one commercial tower, apart from a striking five-storey glass atrium, all of which spreads across the 6000 square meters of space.
The Chairman and Managing Director of Dar Al-Dhabi Real Estate, Abdulwahab Al Ameer, said "We have been eagerly looking forward to this day for a long time. The Wings soar up to 300 meters in height, and have uniquely designed concept that would certainly redefine the skyline of Abu Dhabi. The luxurious residential tower is all set to become one of the most exclusive addresses in Abu Dhabi, and the commercial tower is one of the most prestigious business towers in The Gulf."
There has been huge investor demand for these towers. The company is planning to build on the success of Cityscape Abu Dhabi, wherein there has been a wave of pre-registrations from international investors, who have identified this unique investment potential in the two premier iconic towers of Al Reem Island.
The project would be exhibited during the Cityscape Dubai 2008 between the 6th and 9th October 2008.
Dar Al Dhabi Real Estate is a Kuwaiti shareholding closed company and a subsidiary of Dar Al Abu Dhabi Holding.
Labels: Al Reem Island, Business Tower
Value of properties on Reem Island found appreciating
Monday, September 08, 2008
Property prices on Reem Island, a commercial, residential and business project, across the coast of Abu Dhabi, have more than doubled touching Dh.3000 per square foot from Dh.950 over the past couple of months.
According to Vincent Eastone, Sales Director, Sherwoods Independent Property Consultants, a rapid growth has been noticed during the past three years, not only in terms of new projects, but also in prices of properties. The current Abu Dhabi market, although interesting, is largely led by speculation. Although speculation is healthy, as it helps attract international interest and attracts investors seeking short-term gains, it is not sustainable.
There exist high chances of creating a bubble effect. For instance, what should have been a gradual increase over a three year period is seen happening in nine-months.
A market attracting short-term investors will have a risk factor involved, as to whether the investors would remain committed and continue their future payment plans or whether they would exit.
Easton also pointed out that the situation is very much the same in Dubai. For instance, when during the first six months of this year, several people were crowding during the launch of residential units by Emaar at Downtown Burj Dubai, while only 200 to 300 units were available. There is still a huge demand for major projects, and this indicates that there is still a healthy level of interest in UAE.
When compared to other international cities, Dubai is comparatively a young market, maturing gradually. Establishment of RERA has been a major step ahead, although, there is need for more structuring regulations and transparency in the market. RERA and Dubai Land Department have done good jobs till date, Easton commented.
Social BookmarkingAccording to Vincent Eastone, Sales Director, Sherwoods Independent Property Consultants, a rapid growth has been noticed during the past three years, not only in terms of new projects, but also in prices of properties. The current Abu Dhabi market, although interesting, is largely led by speculation. Although speculation is healthy, as it helps attract international interest and attracts investors seeking short-term gains, it is not sustainable.
There exist high chances of creating a bubble effect. For instance, what should have been a gradual increase over a three year period is seen happening in nine-months.
A market attracting short-term investors will have a risk factor involved, as to whether the investors would remain committed and continue their future payment plans or whether they would exit.
Easton also pointed out that the situation is very much the same in Dubai. For instance, when during the first six months of this year, several people were crowding during the launch of residential units by Emaar at Downtown Burj Dubai, while only 200 to 300 units were available. There is still a huge demand for major projects, and this indicates that there is still a healthy level of interest in UAE.
When compared to other international cities, Dubai is comparatively a young market, maturing gradually. Establishment of RERA has been a major step ahead, although, there is need for more structuring regulations and transparency in the market. RERA and Dubai Land Department have done good jobs till date, Easton commented.
Labels: Abu Dhabi, Al Reem Island, Market Trends, Property Prices
Work on Abu Dhabi's Hydra Avenue Towers, well ahead of schedule
Monday, August 11, 2008
A renowned UAE-based property developer, Hydra Properties, has already completed the foundation work of their prestigious Hydra Avenue Towers project at Al Reem Island in Abu Dhabi, well ahead of schedule. Hydra Properties has stated that it has fast-tracked the progress of the project.
The Hydra Avenue Towers includes six towers, of 29 storey each, adding splendor to the City of Lights at Al Reem Island. The project is carried out by Tafsir Contracting Company, and Prime Engineering Consultancy has been appointed as the Engineering Consultants for the project.
The six skyscrapers grouped into clusters of three each, are so designed that they triumph over a podium stretching more than five floors. The towers are particularly designed to offer solace for residential needs of men and women on the move, and to provide a holistic living environment to residents. Hydra Avenue Towers also includes retail towers too, that reflect the spirit of times that we live in. The futuristic smart home technology will be deployed to ensure the required comfort and convenience to residents. Hydra Avenue Towers focuses on sustainable development and is determined to adhere to global standards in an eco-friendly space management
The CEO of Hydra Properties, Dr. Sulaiman Al Fahim, appreciating the Hydra Avenue Towers, described that it adds majesty and grandeur to Al Reem Island. The Avenue Towers is progressing so quickly, that it fills the void in the property market in Abu Dhabi, and answers the prayers of investors and those who seek luxurious and serene living spaces.
The Project Eng. Mohammad Fawzy, Head of Engineering Division, Hydra Properties, said that the project has gained momentum with successful completion of foundation works, which has taken several months for completion. The company is now shifting focus on finishing the pillar work, as quickly as possible.
The Hydra Avenue Towers has been scheduled for completion by 2011.
The Hydra Avenue Towers includes six towers, of 29 storey each, adding splendor to the City of Lights at Al Reem Island. The project is carried out by Tafsir Contracting Company, and Prime Engineering Consultancy has been appointed as the Engineering Consultants for the project.
The six skyscrapers grouped into clusters of three each, are so designed that they triumph over a podium stretching more than five floors. The towers are particularly designed to offer solace for residential needs of men and women on the move, and to provide a holistic living environment to residents. Hydra Avenue Towers also includes retail towers too, that reflect the spirit of times that we live in. The futuristic smart home technology will be deployed to ensure the required comfort and convenience to residents. Hydra Avenue Towers focuses on sustainable development and is determined to adhere to global standards in an eco-friendly space management
The CEO of Hydra Properties, Dr. Sulaiman Al Fahim, appreciating the Hydra Avenue Towers, described that it adds majesty and grandeur to Al Reem Island. The Avenue Towers is progressing so quickly, that it fills the void in the property market in Abu Dhabi, and answers the prayers of investors and those who seek luxurious and serene living spaces.
The Project Eng. Mohammad Fawzy, Head of Engineering Division, Hydra Properties, said that the project has gained momentum with successful completion of foundation works, which has taken several months for completion. The company is now shifting focus on finishing the pillar work, as quickly as possible.
The Hydra Avenue Towers has been scheduled for completion by 2011.
Labels: Abu Dhabi, Al Reem Island
Construction of SkyGardens project begins at Reem Island
Wednesday, August 06, 2008
One of the leading property developers in Middle East, Plus Properties, together with Taahud General Contracting Company, has entered into a Dh.400mn construction contract for developing the SkyGardens project, a waterfront property at Reem Island in Abu Dhabi.
This deal makes way for commencement of construction of SkyGardens project, which is likely to turn out to be one of the most prestigious waterfront projects dotting the Abu Dhabi skyline, revealed a Plus Properties official. Enabling works of the project have already commenced.
SkyGardens is an iconic residential waterfront project, designed by renowned architect James Law, featuring a range of single, double and triple bedroom deluxe apartments, garden apartments and sky garden duplex villas.
The SkyGardens duplex villas feature amenities such as private swimming pools, luxurious interior and exterior finishing and suspended gardens. All units of the development open to sea view, with a 360 degree panoramic view stretching from the sea to Abu Dhabi's stylish skyline.
Located in a quite and upscale marina neighborhood at Reem Island, the development is linked to downtown Abu Dhabi by a bridge, and is just 20 minutes away from the Abu Dhabi airport.
Taahud is one of the major players in today's construction market, with a series of prestigious projects to its credit. The core management team of this Abu Dhabi-based company includes reputed industry professionals with decades of experience in local and regional construction sector.
Labels: Abu Dhabi, Al Reem Island, Construction Projects, Luxury Homes, Water front
Morina Residences meet record sales
Tuesday, July 01, 2008
First Dubai Real Estate Development Company has reported record sales on its first launch of residential units at Morina Residential Tower, situated near the Gate of Shams Abu Dhabi on Al Reem Island.
The Vice President - Sales and Marketing, Abudul Rahman Al Kandari was quoted as saying that about 25 percent of the project has been sold generating revenue of Dh.136m, as per the marketing plans, while the total value of the project is Dh.400m. The Company has agreed to resume sales even during the construction process, so as to study the price trends in Abu Dhabi market and to take advantage of the current boom.
The project, as of now, is progressing on schedule. Excavation, piling and construction has begun. This distinguished residential project is one of the most important ones in the Abu Dhabi portfolio.
Comprising 29 storeys, the tower covers an area of 63.572 sq. ft., offering exclusive executive homes with stunning canal views, amidst mangrove trees, ample green space and leisure amenities.
According to Al Kandari the strategic location of the tower in proximity of main amenities at Shams Abu Dhabi, public transport network, and water taxis, has added to value of Morina Residences.
The residences are a wide choice of single, double and triple bedrooms, ranging from executive houses to one or two level duplex and exquisite homes of high design and quality. The units are well-equipped with all necessary home appliances with each flat owning a balcony or more. The towers include 24 hour concierge facility, swimming pools, fitness center, club, children’s play area, information center, reception hall, terrace, parking spaces and more.
Al Kandari assured that the company will work towards offering the best quality at Morina Residential Tower, introducing state-of-the-art project, with the same quality of amenities as the recently completed Sky Gardens residential project at DIFC.
Labels: Abu Dhabi, Al Reem Island, Latest News, Sales
ACI, Al Odaid deal signed to launch new development at Al Reem
Friday, April 04, 2008
ACI Real Estate, an affiliate of Alternative Capital Invest in Germany, has entered into a strategic partnership with Al Odaid Real Estate in Abu Dhabi, to launch a new development at Capital Bay on Abu Dhabi's Al Reem Island.
The development comprises five residential towers, all built on a single podium. Each tower will comprise about 17 to 22 storeys on a total built up area of 1.2 million square feet. Apart from this, the residents will have the opportunity to enjoy a plethora of state-of-the art amenities such as the gymnasiums, roof top pools and Jacuzzi.
Located along the northern shores of Abu Dhabi, The Al Reem Island is a natural paradise, anchored on the pristine blue waters of the Arabian Sea.
The Managing Director of ACI, Robin Lohmann, said "The partnership with Al Odaid opens a new chapter in our expansion across the UAE. Moving in to Abu Dhabi will not only add value to our portfolio, but, will also signify our commitment to align ourselves with industry leaders, who share our passion for innovative realty projects."
Social BookmarkingThe development comprises five residential towers, all built on a single podium. Each tower will comprise about 17 to 22 storeys on a total built up area of 1.2 million square feet. Apart from this, the residents will have the opportunity to enjoy a plethora of state-of-the art amenities such as the gymnasiums, roof top pools and Jacuzzi.
Located along the northern shores of Abu Dhabi, The Al Reem Island is a natural paradise, anchored on the pristine blue waters of the Arabian Sea.
The Managing Director of ACI, Robin Lohmann, said "The partnership with Al Odaid opens a new chapter in our expansion across the UAE. Moving in to Abu Dhabi will not only add value to our portfolio, but, will also signify our commitment to align ourselves with industry leaders, who share our passion for innovative realty projects."
Labels: Abu Dhabi, Al Reem Island, New Developments
Hydra Properties launches Hydra Heights Tower at Al Reem Island
Monday, March 10, 2008
A leading UAE realty developer, Hydra Properties has revealed the launch of Hydra Heights Towers at Al Reem Island in Abu Dhabi.The Hydra Heights Towers will be a group of three residential towers, each being 30-storey in height, so designed that it will adhere to the eco-friendly concepts while also utilizing the finest in state-of-the-art technology.
The 'Hydra Heights Towers' are a unique realty development with tenants offering the latest in smart home technologies, apart from facilities of convenience and comfort required for today's fast-paced lifestyle.
The CEO of Hydra Properties, Dr. Sulaiman Al Fahim, said "Today's modern and connected lifestyle requires that applications within a living space are in tune with the lifestyle behavior of its occupants. In this development, we have ensured that the needs of all tenants are well addressed through the smart home concept."
Dr. Sulaiman also assured that this luxurious development would be one of the most prestigious developments by Hydra Properties.
The Abu Dhabi-based Hydra Properties has been rated as one among the most influential fifty realty developers in the Middle East and Arab World, according to Arabian Business Magazine.
Labels: Abu Dhabi, Al Reem Island, Residential
Rakaa forays into UAE property market with Dh.1bn project in Abu Dhabi
Saturday, February 09, 2008
The real estate branch of a Saudi Arabian conglomerate, Rakaa Properties, has announced a Dh.1billion project, at Reem Island in Abu Dhabi.
The project, comprising three towers, two of which are residential towers and one commercial, will be developed for mixed-use. The average introductory price of the units is Dh.1550 per square foot. This freehold development is expected to be delivered towards end of 2010.
The COO of Rakaa Properties, Mahmoud Naji, when speaking during the Abu Dhabi Real Estate and Investment Show (IREIS) 2008, mentioned that the proposed towers, one of which is 'Falcon Crest', will have 139 units, while the other 'Dynasty' will have 125 units. The third tower, 'Marina tulip' will house 35 storeys, out of which 27 would be residential floors, and the rest eight floors will be commercial storeys. The construction is expected to begin soon.
This project in Abu Dhabi is Rakaa's maiden venture into UAE real estate business. At present, Rakaa has announced developments in Jordan and Saudi Arabia.
Established in 1990, Rakaa is a subsidiary of Rakaa Holding, and has developed a wide range of properties, that include, malls, residential apartments, office buildings, luxury villas, and farms and ranches in Saudi Arabia.
Social BookmarkingThe project, comprising three towers, two of which are residential towers and one commercial, will be developed for mixed-use. The average introductory price of the units is Dh.1550 per square foot. This freehold development is expected to be delivered towards end of 2010.
The COO of Rakaa Properties, Mahmoud Naji, when speaking during the Abu Dhabi Real Estate and Investment Show (IREIS) 2008, mentioned that the proposed towers, one of which is 'Falcon Crest', will have 139 units, while the other 'Dynasty' will have 125 units. The third tower, 'Marina tulip' will house 35 storeys, out of which 27 would be residential floors, and the rest eight floors will be commercial storeys. The construction is expected to begin soon.
This project in Abu Dhabi is Rakaa's maiden venture into UAE real estate business. At present, Rakaa has announced developments in Jordan and Saudi Arabia.
Established in 1990, Rakaa is a subsidiary of Rakaa Holding, and has developed a wide range of properties, that include, malls, residential apartments, office buildings, luxury villas, and farms and ranches in Saudi Arabia.
Labels: Abu Dhabi, Al Reem Island, Real Estate Company, Real Estate Projects
Damac unveils Marina Bay in Abu Dhabi
Saturday, February 02, 2008
Damac Properties, has unveiled 24-storey Marina Bay, a green luxury development at Najmat Abu Dhabi on Al Reem Island.
The eco-friendly development promises a rejuvenating lifestyle, with added pleasure of owning a waterfront property, while bestowing one with superb views of the canal, which connects the whole development.
Positioned in just 300mts away from Abu Dhabi City Center, and 20 minutes from Abu Dhabi International Airport, the Marina Bay, is a mixed-use tower, with retail on the ground and mezzanine floors, offices at podium level, and penthouses and duplexes on the higher floors. The residential blocks of the development includes single, double and triple bedroom apartments with smart home technology, camera supervised covered parking facility on three podiums of the tower, and a 240hour resident's service and concierge service.
Other features include latest gym facilities, a Spa with sauna, steam and massages, yoga room, meditation room, children's playroom, pool, games room with pool table, football court, table tennis, carom and other indoor sports amenities. The retail blocks comprise top-class retail brands, restaurants, cafes and boutiques amidst landscaped surroundings. The commercial blocks can have access to hi-speed internet, business center, business lounge and the 240hour security cameras.
The Chairman of Damac Holding, Hussain Sajwani, said "The construction activity in Abu Dhabi is going on at a rapid pace, bringing about a considerable change in landscape, and this coupled with the construction boom and increasing population, makes Abu Dhabi an ideal investment destination and also a great place to live. The launch of Marina Bay in the capital, further strengthens our presence in the Abu Dhabi market and in the entire region."
"The development is so designed that it is likely to enhance the well-being of people, while maximizing water efficiency using intelligent integrated building management system," said Peter Riddoch, CEO, Damac Properties.
Damac has completed about 80 projects globally, and Marina Bay is their second project in Abu Dhabi.
Social BookmarkingThe eco-friendly development promises a rejuvenating lifestyle, with added pleasure of owning a waterfront property, while bestowing one with superb views of the canal, which connects the whole development.
Positioned in just 300mts away from Abu Dhabi City Center, and 20 minutes from Abu Dhabi International Airport, the Marina Bay, is a mixed-use tower, with retail on the ground and mezzanine floors, offices at podium level, and penthouses and duplexes on the higher floors. The residential blocks of the development includes single, double and triple bedroom apartments with smart home technology, camera supervised covered parking facility on three podiums of the tower, and a 240hour resident's service and concierge service.Other features include latest gym facilities, a Spa with sauna, steam and massages, yoga room, meditation room, children's playroom, pool, games room with pool table, football court, table tennis, carom and other indoor sports amenities. The retail blocks comprise top-class retail brands, restaurants, cafes and boutiques amidst landscaped surroundings. The commercial blocks can have access to hi-speed internet, business center, business lounge and the 240hour security cameras.
The Chairman of Damac Holding, Hussain Sajwani, said "The construction activity in Abu Dhabi is going on at a rapid pace, bringing about a considerable change in landscape, and this coupled with the construction boom and increasing population, makes Abu Dhabi an ideal investment destination and also a great place to live. The launch of Marina Bay in the capital, further strengthens our presence in the Abu Dhabi market and in the entire region."
"The development is so designed that it is likely to enhance the well-being of people, while maximizing water efficiency using intelligent integrated building management system," said Peter Riddoch, CEO, Damac Properties.
Damac has completed about 80 projects globally, and Marina Bay is their second project in Abu Dhabi.
Labels: Abu Dhabi, Al Reem Island, Damac Properties, eco-friendly, Penthouse, Water front
Innovative building with Sandwich Panels at Al Reem nearing completion
Thursday, November 29, 2007
The first building built without any wood or steel or concrete, is nearing completion on Al Reem Island of Abu Dhabi. The building, constructed with 'sandwich panels' is made of composite materials that are usually used in making new generation aircraft, including the Airbus 350 and Boeing 787.
The project is expected to be the new corporate office of Tameer Holding, which is currently working on a $1.9bn complex on the Al Reem Island.
The techonology which emphasizes on cost-saving and faster construction, has been introduced to the region by the InnoVida Group in collaboration with Safeer Group, a UAE based company. InnoVida is a US multinational company with operations in Africa, Germany, Central and South America and Middle East, which came to limelight with Pyramid, installed at Hyde Park in UK by the renowned pop star Romero Britto.
The Chief Executive of Tameer, Dr. Abdallah Shaaban, said "We hope our building on Al Reem will be the first structure to inspire other builders in adapting this technology and will go a long way in saving construction time and energy."
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The project is expected to be the new corporate office of Tameer Holding, which is currently working on a $1.9bn complex on the Al Reem Island.The techonology which emphasizes on cost-saving and faster construction, has been introduced to the region by the InnoVida Group in collaboration with Safeer Group, a UAE based company. InnoVida is a US multinational company with operations in Africa, Germany, Central and South America and Middle East, which came to limelight with Pyramid, installed at Hyde Park in UK by the renowned pop star Romero Britto.
The Chief Executive of Tameer, Dr. Abdallah Shaaban, said "We hope our building on Al Reem will be the first structure to inspire other builders in adapting this technology and will go a long way in saving construction time and energy."
Labels: Abu Dhabi, Al Reem Island, Construction Projects
More Construction firms required for building Dh.26b residences in Abu Dhabi
Friday, June 01, 2007
Abu Dhabi is on the look out for construction companies to construct a Dh.26billion residential tower block development to house 50,000 people.
The Mohammad Bin Zayed City Project comprises 347 residence units that are divided into five sectors.
The KEO International Consultants, CEO, Donna Sultan, said that they will be advertising for the pre-qualification process in a month’s time, and the design period will take up-to one year.
The project is due for completion by 2011-12.
Abu Dhabi is already in the process of undergoing a major real estate development, with premier master-planned islands and neighbourhoods that are intended to transform the UAE capital into a major tourist destination.
The total value of projects already announced has touched the Dh.1.83 trillion mark, that include the Dh.35 billion Al Reem Islands, Dh.58 billion Al Raha Beach Development, Dh.100 billion Saadiyat Islands and Dh.43 billion Das Islands.
Mohammad Bin Zayed City is expected to be one among the major real estate projects that would be of considerable help in the expansion plans of the city, and could help accommodate more residents.
Social BookmarkingThe Mohammad Bin Zayed City Project comprises 347 residence units that are divided into five sectors.
The KEO International Consultants, CEO, Donna Sultan, said that they will be advertising for the pre-qualification process in a month’s time, and the design period will take up-to one year.
The project is due for completion by 2011-12.
Abu Dhabi is already in the process of undergoing a major real estate development, with premier master-planned islands and neighbourhoods that are intended to transform the UAE capital into a major tourist destination.
The total value of projects already announced has touched the Dh.1.83 trillion mark, that include the Dh.35 billion Al Reem Islands, Dh.58 billion Al Raha Beach Development, Dh.100 billion Saadiyat Islands and Dh.43 billion Das Islands.
Mohammad Bin Zayed City is expected to be one among the major real estate projects that would be of considerable help in the expansion plans of the city, and could help accommodate more residents.
Labels: Abu Dhabi, Al Raha Beach, Al Reem Island, Bin Zayed City, Das Islands, Saadiyat Islands
Al Tajir plans to introduce five projects worth Dh.1.5billion
Saturday, May 19, 2007
Al Tajir Real Estate, a new player in UAE’s growing property sector, is planning to launch five projects with a combined value worth Dh.1.5billion. Among these a minimum of four developments will be developed in Dubai. The company has already purchased lands for these projects.
Although a new comer, the owner of the company, Al Tajir, is of the opinion that his firm will soon be recognized in the property sector of the country. He also mentioned that the company has announced the construction of Waterfront Residences worth Dh.800million at Reem Island in Abu Dhabi, through their sister concern Empire International Investments.
Al Tajir Real Estate plans to unveil the sale of their low-rising project housing, Fortunato with 291 units, comprising apartments and townhouses and a development value of Dh.390million.
The project with a built-up area of 637,686 Sq.Ft., will have studios priced at an average value of Dh.295,000; a single bedroom priced at Dh.538,538 and a two bedroom with a price of approximately Dh.682,722. The townhouses with four bedrooms will be priced at Dh.2.2million.
Al Tajir mentioned that a lot of care has been paid to every details of the project. Though, in the best interest of the end-users, the prices are kept low, these are not cheap properties, he added.
The project planned at the Jumeirah Village South by the company is expected to reach completion by mid-2009.
Al Tajir plans to focus its attention in Dubai, while its sister concern Emirate would focus on international and regional developments. In future, Al Tajir plans to launch projects that include the hospitality and commercial components.
Al Tajir mentioned that the company is shortly expected to announce the launch of a luxury five star resort, and another commercial project.
Social BookmarkingAlthough a new comer, the owner of the company, Al Tajir, is of the opinion that his firm will soon be recognized in the property sector of the country. He also mentioned that the company has announced the construction of Waterfront Residences worth Dh.800million at Reem Island in Abu Dhabi, through their sister concern Empire International Investments.
Al Tajir Real Estate plans to unveil the sale of their low-rising project housing, Fortunato with 291 units, comprising apartments and townhouses and a development value of Dh.390million.
The project with a built-up area of 637,686 Sq.Ft., will have studios priced at an average value of Dh.295,000; a single bedroom priced at Dh.538,538 and a two bedroom with a price of approximately Dh.682,722. The townhouses with four bedrooms will be priced at Dh.2.2million.
Al Tajir mentioned that a lot of care has been paid to every details of the project. Though, in the best interest of the end-users, the prices are kept low, these are not cheap properties, he added.
The project planned at the Jumeirah Village South by the company is expected to reach completion by mid-2009.
Al Tajir plans to focus its attention in Dubai, while its sister concern Emirate would focus on international and regional developments. In future, Al Tajir plans to launch projects that include the hospitality and commercial components.
Al Tajir mentioned that the company is shortly expected to announce the launch of a luxury five star resort, and another commercial project.
Labels: Al Reem Island, Jumeriah Village, New Developments, Real Estate Projects, Water front
Beach Towers scheduled for occupancy by 2010
Tuesday, May 15, 2007
The real estate branch of the Al Badie Group (ABG), Al Badie Trading and Investment has announced that their Beach Towers Project of Al Reem Island is all set for occupancy during mid-2010.
The development, worth Dh.700 million, is located at Shams Abu Dhabi, and will provide the public a glimpse of the Marina, the Island, the Abu Dhabi skyline and the sea.
President of Al Badie Investment, Mohammad Joan Al Badie, mentioned that the announcement of their first Al Reem Island development is being made at the appropriate time, and each and every aspect of the development is an opportunity for excellent investment and is a very comfortable home.
The Beach Towers, located in close proximity to downtown Abu Dhabi, is at a convenient distance from all major entertainment and commercial centers, and is expected to become a landmark on the island and will offer rapid returns on the investment.
Social BookmarkingThe development, worth Dh.700 million, is located at Shams Abu Dhabi, and will provide the public a glimpse of the Marina, the Island, the Abu Dhabi skyline and the sea.
President of Al Badie Investment, Mohammad Joan Al Badie, mentioned that the announcement of their first Al Reem Island development is being made at the appropriate time, and each and every aspect of the development is an opportunity for excellent investment and is a very comfortable home.
The Beach Towers, located in close proximity to downtown Abu Dhabi, is at a convenient distance from all major entertainment and commercial centers, and is expected to become a landmark on the island and will offer rapid returns on the investment.
Labels: Abu Dhabi, Al Reem Island, Beach Towers
