Abu Dhabi, 9/30/2013 11:00:00 AM - Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, will be showcasing its offering of investment opportunities and its diverse portfolio of prestigious residential developments at Cityscape Global 2013. TDIC will also make an announcement on a new residential development that is set to be the first-of-its-kind on the island. The event, which will take place on Oct. 8-10, 2013, will give potential investors the chance to learn more about TDIC's various projects such as those located in Abu Dhabi city and on Saadiyat.
At Cityscape Global 2013, TDIC will display its newest Saadiyat Cultural District model for the first time. The massive 6.2 by 5.2 metres model will offer investors an in-depth look at the potential investment opportunities that will be available within the Cultural District in the near future such as the development of residential projects among others. TDIC will also exhibit to individual and institutional investors opportunities that promise high returns including land plots available for sale such as those at the university neighbourhood, the Saadiyat Beach Golf Views and the Saadiyat Beach District, in addition to the high-end residential properties that are available for sale and leasing such as those at the Saadiyat Beach Villas, the Saadiyat Beach Residences and The Residences at the St Regis Saadiyat Island Resort.
Ahmed Al Fahim, Executive Director of Marketing, Communications, Sales and Leasing at TDIC, stated: "We are looking forward to our participation at Cityscape Global this year to highlight the various investment attractions we're offering. Coupled with the substantial growth in the real-estate market, TDIC is bringing today a strong and sound investment opportunity to investors. With residential, educational, hospitality and cultural projects brought together in one place, built to the highest standards and based on sustainable infrastructure, we strongly believe that Saadiyat is one of the most attractive investment opportunities in the region."
Today, TDIC is offering a limited number of commercial plots, ranging between 2,100 and 5,100 square metres, for sale at Saadiyat Marina District. These plots make up the area known as the university neighbourhood and which by 2014 will become host to New York University Abu Dhabi (NYUAD). The university neighbourhood gives investors a wide range of potential opportunities that go hand in hand with the growth of a campus area such as retail outlets, commercial centres, entertainment facilities, educational institutions, hospitality and residential projects and many others.
A very limited number of land plots along the stretch of Saadiyat Beach will also be showcased to investors who are interested to invest in the hospitality and leisure sector such as luxury hotels and beach clubs. These plots are located on the island's tourism hotspot, next door to international five-star hotels such as the St. Regis Saadiyat Island Resort, the Park Hyatt Abu Dhabi, and the recently announced five-star luxury hotel to be developed by Bin Otaiba Investment Group, as well as Saadiyat Rotana Resort by Rotana Hotel Management Corporation. That's in addition to the island's top-class sport and leisure facilities such as the region's first championship beachfront golf course, Saadiyat Beach Golf Club, and the world's first Monte-Carlo Beach Club outside of Monaco, the Monte-Carlo Beach Club, Saadiyat.
TDIC is also providing institutional investors with opportunities that generate immediate return on investment. Earlier this year, MPREI, an institutional investor, purchased Phase One of Saadiyat Beach Residences whereby the leasing is managed by TDIC. Today, the three residential buildings which make up Phase One of Saadiyat Beach Residences are completely leased out. Recently, TDIC also announced the sale and leasing of the second phase of the Saadiyat Beach Residences, which comprise 210 high-end one to four-bedroom apartments set across three residential buildings in an exclusive gated community. The apartments, whose sizes range from 90 to 235 square metres, are available in two distinct architectural styles: including Arabesque and Mediterranean.
Following the successful delivery and sale of the first two phases of Saadiyat Beach Villas, TDIC released earlier this year a new batch of exclusive stand-alone homes that come in four and five-bedroom sizes. With construction scheduled to start in the fourth quarter of 2013, these new units are available for purchase off-plan. Over 80 per cent of the launched villas have been already sold. These luxurious homes have spacious rooms, premium fittings and outdoor areas. The residential community consists of landscaped parks, play areas for children, swimming pools and terraces, state-of-the-art gyms, and basketball and squash courts.
The development of these prestigious residences, high-class sport and leisure venues, vibrant beach lifestyle, and world-renowned hospitality brands has turned the island into an increasingly appealing destination for residents, tourists and investors. Saadiyat is en-route to becoming a cultural centre as three world-class museums designed by Pritzker prize-winning architects - Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi - are scheduled for delivery in 2015, 2016 and 2017 respectively.
"We're proud to be offering unparalleled sophisticated projects as well as investment options to investors who are looking to invest in a very promising world destination. Saadiyat has got something for people with different interests on all different levels â€“ be it an investment company, a businessman or a person looking for his dream home," Al Fahim added.
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