First Dubai commences second phase of Morina Residence at Shams Abu Dhabi

According to the Dhs304m contract, Q Construction will construct the second phase of the luxury residential project within 18 months.

Abdurahman Al Kundari, Vice President for marketing and sales at First Dubai, said of the deal:

"With this contract, the Morina Residence project is entering a new stage in its development, which is scheduled to fit the overriding style of the Shams Abu Dhabi development. We use the best available technology and are committed to upholding the very highest of standards on each of our projects, ensuring the best results. Morina Residence is no exception and we are certain that this project will leave a distinctive mark on the region's real estate market, as was the case with the Sky Gardens project, which is fully furnished by Fendi Casa."

Al Kundari went on to say: "Although still relatively young, Abu Dhabi's real estate investment market shows great maturity and is becoming increasingly attractive due to sound legislation, such as the freehold laws that permit non-citizens of the UAE to purchase property here. The market has also benefited from the diversity of profitable economic activities, which, in turn, compares with oil in terms of national income. Add to these factors the unprecedented interest of foreign investors in UAE markets and you have a winning formula for sustained growth."

The Morina Residence project, valued at Dhs420m, is a residential tower comprising 29 storeys, with exquisite, executive homes surrounded by mangrove trees. The project is spread over an area of 63.572ft² and features stunning views of the canals. In addition, it offers generous amounts of green space and various leisure facilities.

The tower offers a wide selection of options, ranging from executive one, two and three bedroom homes to duplex apartments, all of which feature exclusive design and quality finishes. The residential units are equipped with all essential home appliances, and each apartment has at least one balcony.

The tower is protected by 24-hour security services to ensure a safe and convenient living environment, on top of boasting other amenities such as a swimming pool, fitness center, club, children's play area, reception hall, an information counter, a terrace and plenty of parking spaces.