Dh30b island city project launched

ABU DHABI — Reem Investments yesterday unveiled its Dh30 billion worth island city project — Najmat Abu Dhabi.

By Haseeb Haider

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Published: Thu 23 Mar 2006, 9:57 AM

Last updated: Sat 4 Apr 2015, 3:37 PM

The project will include modern civic infrastructure, schools, health facilities, five-star hotels and public parks besides a number of 40-50 storey buildings as well as two 80-storey commercial towers in the backyard of the capital.

"The project to be built on 20 million square feet on Al Reem Island, 300 meters off the north-eastern coast of the capital will dedicate 50 per cent of the land to open spaces, public parks, playgrounds and shaded walkways," said Ibrahim Belselah, CEO, Reem Investments.

Briefing the newsmen on the mega project, he said it is designed for a population of more than 80,000 when it is complete in 2012, with the first home will be ready for occupation in 2008, while the infrastructure is expected to be completed in 2008.

"The development centres around three districts — business, art and village. It is designed to create a self-sustainable new community," said Belselah.

Explaining the project, he said business district will wrap around the central location of the retail and the entertainment neighbourhood, with two 80-storey buildings at the heart.

"The project will keep the build and open space ratio at 50:50. Also a 12 kilometres of bicycle trails will give impression of open space in the area," he said.

It will leverage its superb waterfront setting with canals and waterways running throughout the entire development and flowing in and out of its three marinas — Nawras, Dolphin and Flamingo.

He said the buildings will be a mix of traditional Arabian and contemporary architecture, and will be graded in height according to district and marina coast or seaside. As a result, the skyline will rise and fall according to urban design.

To investors, Belselah said Najmat Abu Dhabi commits to a partnership that is guided by the elements of the world-class masterplan and to managing the process in a hands-on, supportive, non-intrusive yet accessible style.

To a question, he said pre-sales on the development will start immediately and will target investors and real estate companies.

The development offers to UAE nationals and expatriates an excellent opportunity for luxurious living and investment.

Meanwhile, Abdulhamid Saeed, chairman of Reem Investments, said: "Najmat Abu Dhabi signifies tomorrow's life-style today as it sets new world standards of community development within a natural, waterside setting; the blueprint for progressive urban island living."

"This development has been guided by a masterplan, conceptualised by best of breed world-class talent, and underpinned by an overriding commitment to deliver quality," he added.



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