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Property hot spots (page 1 of 3)

  • United Arab Emirates: Wednesday, September 17 - 2008 at 17:48

Abu Dhabi is now a giant construction site with projected investments of Dhs600bn between now and 2030. But what are the hot spots for those aiming to buy?

The Urban Development Council claims a population of 3.1 million in Abu Dhabi by 2030 (compared to the current 930,000). But where will these residents live?

Al Lulu Island


Developed in line with Plan Abu Dhabi 2030, Al Lulu Island caught the public attention when it was unveiled at Cityscape Abu Dhabi.

The man-made island covers an area of 1,400 acres and consists of residential, resort and retail areas. The island is said to host a Disney theme park, this, however, hasn't been confirmed by the developer, Sorouh Real Estate.

Al Lulu is located 500 metres offshore from Abu Dhabi Corniche, and will be home to around 200,000 people. Transportation to the island would be free of charge, led by four boats, designed to transport 25 people, along with a sea bus that is capable of transporting 60.

The boats would go from Abu Dhabi Breakwater next to the Heritage Village. Once in the island, the public can make use of a train or a bus tour.

At this time, no further information is revealed on the cost and phases of the project.

Al Reem Island developments


Developments on Al Reem Island are scheduled for completion in 2012, by which time the island will host 280,000 residents.

The project is located on the northern coast of Abu Dhabi and has four sub-projects; Shams Abu Dhabi, Najmat Abu Dhabi, Marina Square, and Addax port. Early phases of the four sub-projects are expected to be completed by 2009.

Shams Abu Dhabi, developed by Sorouh, is the biggest of the projects occupying 25% of the island. And while Addax Port is made up of only five towers, Shams Abu Dhabi will have a total of 100 towers and 22,000 residential units, expected to be available between 2009 and 2011.

Two outstanding tower projects on Shams include the 74-storey Sky Tower, which has reached its 40th level, and the 65-storey Sun Tower, at its 36th level today. The first phase of Shams Abu Dhabi will be completed by 2010, while the full completion of the project is scheduled for 2013.

The Dhs30bn Najmat Abu Dhabi covers the space of 20 million sqf and will have 16,000 residential units, and more than 3,000 commercial units. Three marinas - Bay Centre, Residential Marina and Resort Marina - linked by a canal will also be built on Najmat Abu Dhabi. These should allow future use of boats and water taxis in the project.

Made up of 14 high-rise towers, the Marina square will incorporate a shopping arcade, eight Cineplex, retail outlets, restaurants, a marina, a five-star hotel facing the marina, private beach access, and sports facilities. Marina square is scheduled for completion in 2009 and developer Tamouh Investments has said that work is going on schedule.

Al Raha Beach


Aldar Properties is creating its beachfront development along the Abu Dhabi-Dubai highway. Al Raha Beach Development is a Dhs54bn project covering an area of 12 million sqm. Accommodating 120,000 residents, the project will be divided into eight residential and commercial districts, each with a special theme.

Khor Al Raha district will be dedicated to freehold luxurious apartments, townhouses and villas, while more contemporary apartments, family townhouses, and villas can be found in Al Seef. Residential peninsulas very close to the waterfront make up the Al Rumaila district, designed to have a traditional feel, with private marinas and waterways.

The premium residential area in the whole development will be Al Lissaily, designed with a series of heritage waterside homes, in a way that makes the area accessible from all the other districts.
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