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"Twenty five percent of the project has been sold for revenues of Dhs136m, in accordance with the marketing plan, with the total value of the project set at Dhs400m. The company has decided to resume sales while construction continues, in order to study price trends in Abu Dhabi and to benefit from the current boom in this market. We do not anticipate that the project will be sold out before its completion.
The project is progressing on schedule. Excavation, piling and construction works have already commenced. We are proud to announce this distinguished residential project, one of the most important projects in our Abu Dhabi portfolio. It comprises a 29 storey tower surrounded by mangrove trees and includes exclusive, executive homes. The project extends over an area of 63.572ft² and features stunning views of the canals. It also provides ample green space and leisure amenities."
Al Kandari praised the strategic location of the tower near such amenities as Shams Abu Dhabi's main roads, public transport network and the water taxi, which is being studied as a possible means of linking Morina Residences with the other main areas in Shams Abu Dhabi.
Al Kandari added that the tower offers a wide selection of options, ranging from executive houses of 1-2-3 bedrooms, one or two level duplex and exquisite homes of exclusive design and quality. The residential units are equipped with all essential home appliances, and each flat has at least one balcony. The tower is protected by 24 hour security services to ensure a safe and convenient living environment. Other amenities include a swimming pool, a fitness center, a club, a children's play area, a reception hall, an information counter, a terrace and parking spaces aplenty.
Al Kandari said that the company will diligently work towards offering the very best quality at Morina Residential Tower and introducing a state-of-the-art project with the same level of luxury as the recently completed Sky Gardens, the first residential project to be completed on DIFC.
Posted by Eman Hassan
