His Excellency Sheikh Hamdan bin Mubarak Al Nahyan, Chairman of NCT&H said: “I strongly believe in the Abu Dhabi and UAE economy. The community and tourism development is a key aspiration of the UAE and Abu Dhabi Governments and these residential and leisure projects will respond to both local and international market demands. Thus NCT&H continues to deliver the UAE’s vision of a happy, confident and efficient society by ways of modern infrastructure.”
The modern and cosmopolitan city of Abu Dhabi will soon add to its diverse culture two new exciting residential and hotel developments, developed by National Corporation for Tourism & Hotels (NCT&H), which have now commenced work in the capital, following signed approval by NCT&H Chairman His Excellency Sheikh Hamdan bin Mubarak Al Nahyan. These developments respond to the increasing market demand for corporate and leisure tourism offerings and correspond to the emirate’s plans of Ghadan 2021 and Abu Dhabi 2030.
The developments are part of NCT&H’s three-year goal to expand its hotel and resort propositions in Abu Dhabi, with the knowledge of the capital’s ambitions to be MENA’s business travel and sustainable tourism destination of choice. The projects also show NCT&H’s commitment to community development, in-line with Abu Dhabi’s long term strategic plans for a secure and confident society.
The first development, “Capital Views”, situated in the new Abu Dhabi National Exhibition Centre (ADNEC) area, will be modern, urban and mixed-use in the heart of the business and exhibition area of ADNEC, with an estimated budget investment cost (including land) of AED 700 million. The project is a joint venture between NCT&H and SinoGulf and will be ready in the last quarter of 2021. It will comprise of one, two, and three-bedroom residences under the larger umbrella of 319 residential apartments, alongside 323 serviced apartments.
The second development, “Intercontinental Grand Marina Residences” situated in Al Bateen, will offer luxury serviced apartments ranging from studios to three-bedrooms, totalling 130 hotel apartments, with beautiful sea views, an exclusive private beach and within short walking distance to the marina. With an estimated budget investment cost of AED 400 million and the ongoing construction on-site, the project is due to open in the beginning of 2021.
In both developments, residents and guests will have full access to complex facilities including all-day dining restaurants, pool and gym. “Capital Views” residents will have a running track, whereas “Intercontinental Grand Marina Residences” guests can access an exclusive beach and yacht marina.
Moreover, NCT&H anticipates that it will start its Ritz-Carlton Saadiyat Island project by end of this year, 2019, or in early 2020.