UAE- New property projects dazzle

(MENAFN- Khaleej Times) Over a dozen new property projects are on display as Abu Dhabi's property market shows positive signs.

The three-day Cityscape Abu Dhabi 2016 which was opened by Shaikh Hazza bin Zayed Al Nahyan Vice-Chairman of Abu Dhabi Executive Council saw a strong turnout on the first day.

A large numbers of property investors dealers along with executives of construction industry banks and corporate sector were seen talking to developers on their projects. Many showed interest in flurry of new projects put on display. Some of the major projects showcased included Aldar Properties Yas Acres a Dh6 billion luxury villa project on the Yas Island. The golf and waterfront property development will add 1315 villas to Yas Island. It is one of the most significant new residential developments launched by the property developer. The project is located on the northern shores of the island where residents will enjoy the golf course and club house parks schools and vibrant waterfront right on their doorstep.

Abu Dhabi Municipality is showcasing a Souq project which will be built near Grand Shaikh Zayed Mosque in partnership with a private investor. Other projects include several community markets to be built across Abu Dhabi on public private partnership basis.

An Abu Dhabi-based property developer Bloom Property is showcasing Bloom Gardens a residential community nestled in the heart of the capital minutes away from the natural sanctuary of the Corniche Al Qurm and Khalifa Park.

FAYA will consist of a total of 132 townhomes made up of 28 four-unit clusters and four five-unit clusters.

The project is an attractive investment opportunity for potential buyers and investors with a payment plan linked to construction milestones and 40 per cent to be paid upon completion. The development is scheduled for completion in the last quarter of 2017.

Mubadala owned Al Maryah Island is offering opportunities for investment and leasing.

Mubadala which is instrumental in the growth of Abu Dhabi's retail healthcare finance and hospitality sectors through its development of Al Maryah Island is also showcasing new additions including the Four Seasons Hotel Abu Dhabi at Al Maryah Island which will be launched in May. The Tourism Development and Investment Company (TDIC) the master developer of major tourism cultural and residential destinations in Abu Dhabi is showcasing its portfolio of projects on Saadiyat island.

One of the company's most significant launches is Saadiyat Lagoons District a six million square-metre nature-inspired mixed-use development featuring mixed residences extensive parks and lakes diverse community facilities including pathways for walking running cycling and horse-back riding.

TDIC's stand highlights high-end residential communities educational hospitality and cultural projects in Abu Dhabi and on Saadiyat.

Visitors were offered updated information on the current developments taking place on Saadiyat including the Louvre Abu Dhabi in addition to a taste of Louvre Abu Dhabi's famous rain of light effect through light simulation.

Another property developer Al Qudra Real Estate is showcasing a range of its latest projects namely Al Sadu Towers.

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