Al Reem building plan will give a boost to Abu Dhabi
US $8 billion development - Najmat Abu Dhabi - will create a ‘self-sustainable community’
A massive US $8 billion (AED30 billion) development on Abu Dhabi’s Al Reem Island has been unveiled by Reem Investments.
The main contract for the first construction phase of the residential and commercial development, to be called Najmat Abu Dhabi, will be put to tender over the next nine weeks.
Other contracts will be awarded for infrastructure, engineering and road and canal works.
The project, which is Reem Investments’ first in the UAE,
is being developed on Al Reem Island, which lies 300m off
the north-eastern coast of Abu Dhabi.
“Najmat Abu Dhabi signifies tomorrow’s lifestyle today as it sets new world standards of community development within a natural, waterside setting — the blueprint for progressive urban island living,” said Abdulhamid Saeed, chairman of Reem Investments.
“This development has been guided by a masterplan, conceptualised by best-of-breed world-class talent, and underpinned by an overriding commitment to deliver quality.”
Spread over six million m2, the project will be a mix of hotels, commercial and residential towers, schools and health facilities.
The towers will range from 40 to 80 storeys high. Around 5% of the land will be dedicated to open spaces, public parks, children’s playgrounds and shaded walkways. Construction will take place in two phases.
“The project has three distinct districts — business, art and village. It is designed to create a self-sustainable new community,” said Ibrahim Belselah, CEO of Reem Investments.
“Buildings will be a mix of traditional Arabian and contemporary styles and they will be graded in height
according to the district they are in.”
The infrastructure, which will be built around an integrated road and pathway system, is expected to be completed sometime during 2008.
The project is expected to house 80,000 people by the time it is completed in 2012. The first homes will be ready for occupation in 2008.