Snippets from Abu Dhabi Real Estate Market
Abu Dhabi real estate sector is gearing up for the fourth edition of Abu Dhabi Real Estate and Investment Show – IREIS 2008. This mega real estate event will be held from January 30 to February 2 next year. This is in line with the fact that in the last nine months, real estate projects worth 100 billion AED have been launched in Abu Dhabi.
One of the top real estate developers in Abu Dhabi, Aldar Properties has recently come up with real estate projects Al Raha Beach and Yas Island. Al Raha Beach is a 14 billion dollar real estate development which will feature a spectacular water front city sprawling across 5.2 million square metres of land. On the other hand, the 40 billion dollar Yas Island project is a real estate project that will offer facilities like motor sports racetrack, theme parks, hotels, malls, marinas and golf courses. In addition to these two real estate projects, Aldar Properties is also coming up with Formula 1 Grand Prix race track for the upcoming Formula 1 Grand Prix in 2009.
The other real estate options provided by Aldar Properties include the following projects –• Al Bandar: This beautiful bay area has chic glass duplexes and New York style loft apartments on offer. The backdrop is quite impressive with colourful yachts stretching across the beach, bright sun decks and spacious piazzas.• Al Muneera: These are luxury villas with canal and waterfront views.• Noor Al Ain: Located in Central Al Ain, Noor Al Ain offers freehold residential properties in the form of multi-storey apartments.• Central Market: This real estate development in the heart of Abu Dhabi has shopping areas, residential areas and office spaces, along with a sprawling Middle Eastern Souq and a hotel.
Apart from real estate projects by Aldar Properties, there are other real estate developers offering properties in Abu Dhabi. Hydra Properties has come up with a compound city right at the entrance of Abu Dhabi. Known as Hydra Village, this real estate venture has apartments, town houses and commercial spaces enclosed by parks and open areas.
Noor Capital, an investment company based in Abu Dhabi, is offering a real estate fund for the Indian real estate sector. The projected fund is aimed at picking up equity in commercial and residential real estate projects in India.
Reem Emirates Aluminium (REA), an Abu Dhabi-based company has got hold of a 300 million AED contract. REA will provide customized curtain walling, sliding doors and cladding for the Reem Island real estate projects. The company is also undertaking research and testing for the first intelligent façade comprising of a double skin ventilated curtain wall, chilled ceilings and flooring along with LED lighting. This venture is aimed at reducing energy consumption in a building by 40 percent.
The National Investor (TNI) has plans to build two towers costing about 600 million AED at the Capital Centre – a real estate project underway in Abu Dhabi.
One of the top real estate developers in Abu Dhabi, Aldar Properties has recently come up with real estate projects Al Raha Beach and Yas Island. Al Raha Beach is a 14 billion dollar real estate development which will feature a spectacular water front city sprawling across 5.2 million square metres of land. On the other hand, the 40 billion dollar Yas Island project is a real estate project that will offer facilities like motor sports racetrack, theme parks, hotels, malls, marinas and golf courses. In addition to these two real estate projects, Aldar Properties is also coming up with Formula 1 Grand Prix race track for the upcoming Formula 1 Grand Prix in 2009.
The other real estate options provided by Aldar Properties include the following projects –• Al Bandar: This beautiful bay area has chic glass duplexes and New York style loft apartments on offer. The backdrop is quite impressive with colourful yachts stretching across the beach, bright sun decks and spacious piazzas.• Al Muneera: These are luxury villas with canal and waterfront views.• Noor Al Ain: Located in Central Al Ain, Noor Al Ain offers freehold residential properties in the form of multi-storey apartments.• Central Market: This real estate development in the heart of Abu Dhabi has shopping areas, residential areas and office spaces, along with a sprawling Middle Eastern Souq and a hotel.
Apart from real estate projects by Aldar Properties, there are other real estate developers offering properties in Abu Dhabi. Hydra Properties has come up with a compound city right at the entrance of Abu Dhabi. Known as Hydra Village, this real estate venture has apartments, town houses and commercial spaces enclosed by parks and open areas.
Noor Capital, an investment company based in Abu Dhabi, is offering a real estate fund for the Indian real estate sector. The projected fund is aimed at picking up equity in commercial and residential real estate projects in India.
Reem Emirates Aluminium (REA), an Abu Dhabi-based company has got hold of a 300 million AED contract. REA will provide customized curtain walling, sliding doors and cladding for the Reem Island real estate projects. The company is also undertaking research and testing for the first intelligent façade comprising of a double skin ventilated curtain wall, chilled ceilings and flooring along with LED lighting. This venture is aimed at reducing energy consumption in a building by 40 percent.
The National Investor (TNI) has plans to build two towers costing about 600 million AED at the Capital Centre – a real estate project underway in Abu Dhabi.
posted by Property Reporter at
10:48 PM
0 Comments:
Post a Comment
<< Home