The prices had slipped below $2,300 per ounce on Wednesday evening but recovered later in the day
Speaking to Khaleej Times, Ahmed Barakat, director, asset management at Al Qattara Investments, said the third phase will be a mixed-used development comprising apartments, a community centre, public park, retail, mosque and a school by Gems Education.
He, however, refused to disclose the number of residential units and investment figures as the project is pending approval from the Abu Dhabi Urban Planning Council. Al Ain Square is the new name of the Hazza Bin Zayed Community.
"We are in the process of finalising all the necessary authority approvals before we formally announce the details of the project. In the next 6 to 12 months, work on the project will begin. Targeted to open in September 2020, the Gems school will offer primary and secondary school education to kids from ages 4 to 18. The curriculum is yet to be finalised," Barakat told Khaleej Times.
Al Ain Square's phase 1 and 2 were completed in 2014 and 2017 and it comprised a gross floor area of 450,000 square metres.
- waheedabbas@khaleejtimes.com
The prices had slipped below $2,300 per ounce on Wednesday evening but recovered later in the day
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