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With manicured gardens, a canal and a natural pristine beach, the undulating topography of Arzanah will create a new landscape in the city of Abu Dhabi. Facilities include an exclusive club and spa, a 2-kilometre stretch of private beach, a picturesque canal flowing through the development, communal gardens and extensive walking and cycling trails. Residents and visitors will also be able to enjoy a high street shopping experience in a unique open-air climate controlled environment. There will also be a school offering an internationally recognized, high quality accredited education.
"Mubadala's Real Estate & Hospitality division is making investments in the real estate sector to address the growing need for high quality residential real estate and related services in Abu Dhabi," stated Mr. Waleed Al Mokarrab Al Muhairi, Chief Operating Officer of Mubadala.
"Today, both Capitala and its maiden project Arzanah are fundamental building blocks of our long term real estate strategy - one that is focused on regenerating the community and constructing architecturally outstanding and sustainable properties that will help create secure investments for property owners and provide a quality standard of living for the community of Abu Dhabi,"
he added.
He concluded, "Arzanah will provide a healthy active urban lifestyle - one that offers world-class residential, retail, leisure and community sports amenities not just for a privileged few but for the community at large."
Designed by award winning master planner Sasaki Associates and SMC Alsop, Arzanah strikes a perfect balance between rich tradition and modern real estate design. Mr. Heang Fine Wong, Chief Executive Officer of CapitaLand GCC Holdings Pte. Ltd. and CapitaLand ILEC Pte. Ltd., said, "Together with Mubadala, we are proud to unveil this outstanding landmark development which will provide unique lifestyle experiences in Abu Dhabi. Our development will fit well with the intent of Plan Abu Dhabi 2030, which maps out a strategy for the future of the city as an environmentally, socially and economically sustainable community. By harnessing the location's history and culture, and combining it with world-class design and cutting edge technology, Arzanah will be an enduring integrated development relevant to the growing community in the city."
Mr. Derrick Denholm, CEO of Capitala, commented, "Capitala seeks to develop unique and sustainable projects which will satisfy the growing needs of both nationals and residents for quality real estate in Abu Dhabi. As the master developer for Arzanah, Capitala will be involved in the entire real estate value chain, from inception, design and construction to management and operations, for the lifespan of the project. It is a unique Abu Dhabi-based real estate company with a truly holistic approach to all of its developments."
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Posted by Anne-Birte Stensgaard, Senior News Editor
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