(MENAFN - Khaleej Times) The first of the Eastern Mangroves residences by the Tourism Development and Investment Company, or TDIC, are now being leased at special launching rates.
Part of the Eastern Mangroves complex on Cornish Al Qurm in Abu Dhabi - which also includes the Anantara hotel, a retail area and a marina - the apartments are graded as "luxurious", fully fitted with high-end kitchen and bathroom appliances.
"We are delighted to introduce such a high-end residential product at the Eastern Mangroves for leasing, as we believe these units offer a level of luxury that is distinctive to Abu Dhabi," said Ahmed Al Fahim, executive director of marketing, communications, sales and leasing at the TDIC.
"Combine this with one of the city's most enviable locations, stunning views over the natural mangroves, and the convenience of having a retail complex, five-star resort and extraordinary spa centre at your doorstep, and what you have is a most exciting luxurious residential project in Abu Dhabi," he added.
For this first phase, the TDIC is ready to lease 50 apartments, 48 three-bedroom flats and two four-bedroom penthouses. During this initial launching period, the annual lease for the three-bedroom apartments is Dh260,000, set to go higher after September. The penthouses' lease is available upon request. Both types of residences will be ready for moving-in by September.
According to Al Fahim, there are advantages for renting an Eastern Mangroves apartment. Apart from discounts at restaurants and a spa at Anantara Eastern Mangroves, residents may transfer to other villas or apartments developed by the TDIC on Saadiyat island at no penalty and with a minimum notice period.
The 50 apartments are in six low-rise exclusive buildings with private balconies or terraces overlooking the mangroves. They all have separate laundry rooms, parley rooms and maid rooms. The building have a communal pool area, gym and parking for 199 cars.
The apartments' sizes sizes range from 298 to 309sqm with terraces from 43 to 64sqm, while the penthouses are 600sqm with 90sqm balconies.
Before the end of the year, the TDIC will launch its second lot of apartment buildings comprising 170 one-, two- and three-bedroom flats, as well as studios. Also by the end of 2012, the retail area with cafes, supermarket and shops will open.
For the apartments' leasing, the TDIC has agreements with Abu Dhabi Islamic Bank and Abu Dhabi Commercial Bank.