TDIC to showcase diverse residential portfolio at Cityscape Global 2012
- United Arab Emirates: Saturday, September 29 - 2012 at 11:02
- PRESS RELEASE
Tourism Development & Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, is showcasing its diverse portfolio of high-end residential communities in Abu Dhabi at this year's Cityscape Global 2012 taking place on October 2-4, 2012.
At this year's TDIC stand at Cityscape Global, visitors will have the chance to learn more about TDIC's projects such as those located on Saadiyat which is becoming an increasingly appealing hotspot for residents, visitors and tourists with its prestigious residences, cultural attractions, high-class sport and leisure venues, vibrant beach lifestyle, and world-renowned hospitality brands such as the St. Regis, Monte Carlo and Park Hyatt.
Ahmed Al Fahim, Executive Director of Marketing, Communications, Sales and Leasing at TDIC, stated: "We are really excited about our participation in Cityscape Global this year as we anticipate great interest from regional and international markets towards our diverse portfolio of residential products that appeal to a wide spectrum of the population - like some who may be searching for a luxury home to buy or a sophisticated apartment to rent or lease-to-own. We have witnessed a positive shift in the real estate market lately, while there has been great demand for our products which present excellent residential and investment opportunities due to their distinctive offerings, exclusive lifestyle and flexible financing schemes."
Much of TDIC's residential success is attributed to the unique and flexible investment opportunities that the company is offering the market with properties for sale, rent, or lease-to-own. Residents leasing any of TDIC's residential components have the opportunity to experience other high-end residences according to their wishes by transferring to any properties within the company's real estate portfolio, including the prestigious Saadiyat Beach Villas, St. Regis Villas, St. Regis Apartments, Saadiyat Beach Residences and Eastern Mangroves Residences, with no exit penalty and minimum notice period.
Furthering demonstrating the company's attractive opportunities as well as the progress made in Abu Dhabi's real estate market, TDIC has partnered with several banks for mortgage financing including National Bank of Abu Dhabi, Abu Dhabi Islamic Bank, Abu Dhabi Finance, Mashreq Bank and Standard Chartered Bank, at a rate starting from 4.5%. Furthermore, Abu Dhabi Commercial Bank (ADCB) is offering an exclusive 100% mortgage financing towards TDIC home purchases from Saadiyat's residential communities, namely Saadiyat Beach Villas and The Residences at St. Regis Saadiyat Island Resort, Abu Dhabi.
The appeal of Saadiyat is due to the exclusive lifestyle that the island offers through its leisure, cultural and tourism facilities, as well as what it offers its residential community through a superb mix of luxury villas, high-end townhouses and elite apartments beautifully dotted across Saadiyat Beach District. "The world-class museums designed by Pritzker Prize-winning architects which will open on the island - starting with the Louvre Abu Dhabi in 2015, and followed by Zayed National Museum in 2016 and Guggenheim Abu Dhabi in 2017 - are not only fascinating local and international visitors to Abu Dhabi but also prospective homeowners who want to be part of Saadiyat's beautiful and inspirational community," Al Fahim explained.
"Our aim is to support Abu Dhabi's growing real estate sector by strategically identifying the market's needs; therefore, each of the company's residential projects is positioned to appeal to a wide range of discerning homeowners and tenants," he added.
The exceptional properties developed by TDIC on Saadiyat include The Residences at The St. Regis Saadiyat Island Resort which consists of a prestigious collection of 32 exclusive villas and 259 apartments, complemented by The Collection at The St. Regis Saadiyat Island Resort, an exclusive retail complex that consists of a mix of 22 restaurants and retail outlets.
Also, Saadiyat Beach Villas have seen an influx of homeowners gradually locate into this exclusive upscale community as 354 villas are being delivered by the end of 2012. This development features high-end luxury homes in gated communities consisting of landscaped parks, play areas for children, swimming pools, state-of-the-art gymnasiums, and basketball and squash courts.
In close proximity is the Saadiyat Beach Golf Views, an area situated in the heart of the island's championship golf course with limited land plots for sale that giving potential homeowners an exclusive opportunity to build their dream homes. Also nearby, the newly launched Saadiyat Beach Residences have been developed to exceptionally high quality standards and are set across six low-rise apartment buildings situated in a private gated community that are being developed in two phases consisting of 495 residences.
All these residential properties enjoy a prime location next door to a collection of international five-star resorts, such as the 377-room St. Regis Saadiyat Island Resort and 270-room Park Hyatt Abu Dhabi.
The island's top-class sport and leisure facilities - such as Saadiyat Beach Golf Club, the region's first championship beachfront golf course designed by golfing legend Gary Player, and the world's first Monte-Carlo Beach Club outside of Monaco, the Monte-Carlo Beach Club, Saadiyat - are making Saadiyat a very appealing residential address.
Meanwhile, TDIC recently started leasing its first phase of Eastern Mangroves Residences which consist of a limited number of 50 residences including 48 three-bedroom apartments and two four-bedroom penthouses. Offering the exclusivity of resort-style living in the convenience of a prime city location - only 15 minutes from Abu Dhabi International Airport - these apartments form part of the Eastern Mangroves complex which also features the 222-room five-star Eastern Mangroves Hotel & Spa by Anantara, opened in June 2012. The second phase of development comprises the Eastern Mangroves Promenade Apartments with 170 apartments and the Eastern Mangroves Promenade retail complex - both on schedule to open in first quarter 2013.
Tourism Development & Investment Company (TDIC) will be located at Hall 6 (Stand 10) at Cityscape Global 2012, taking place at the Dubai World Trade Centre in Dubai, UAE from October 2 to 4, 2012.
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