Abu Dhabi, 5/6/2013 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 diverse portfolio of prestigious developments and its offering of unique investment opportunities at this year's Cityscape Abu Dhabi. The event, which will take place on April 16-18, 2013, will give potential investors the chance to learn more about TDIC's various ongoing projects such as those located in Abu Dhabi city and Saadiyat.
Visitors of TDIC's stand will be introduced to the investment opportunities on offer, whether for leasing or sale, at the university neighbourhood, the Saadiyat Beach Golf Views, and across Saadiyat Beach, in addition to the residential offering at the Saadiyat Beach Villas, The Residences at The St. Regis Saadiyat Island Resort and the Eastern Mangroves residences
Ahmed Al Fahim, Executive Director of Marketing, Communications, Sales and Leasing at TDIC, stated: "We are excited about our participation at Cityscape Abu Dhabi this year to shed light on the investment opportunities we're offering through our diverse portfolio of projects. We have witnessed recently significant growth in the real estate market in Abu Dhabi and in the UAE in general, which is evidence to the return of confidence in the investment sector, supported by the availability of liquidity in the market and the bank's offering of various financing options."
TDIC has received much interest in the commercial plots it has recently released on Saadiyat Marina District, which make up the area known as the university neighbourhood and which by 2014 will become home to New York University Abu Dhabi (NYUAD). The infrastructure work for the area is under way to be completed by the first quarter of 2014. 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.
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, giving potential homeowners an exclusive opportunity to build their own dream home at the finest address in Abu Dhabi. Since their launch, TDIC has witnessed increased interest from potential homeowners with more than 60 percent of the plots sold to date.
A very limited number of land plots along the stretch of Saadiyat Beach will 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 and the Park Hyatt Abu Dhabi, 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.
During Cityscape Abu Dhabi, TDIC will also showcase its retail portfolio including 'The District', a world-class retail destination in the heart of the island's Cultural District and which is scheduled for completion by 2017. TDIC has partnered with L Real Estate (LRE), a global real estate development and investment fund sponsored by LVMH, to develop the retail destination. It comprises three levels - all above ground starting from the street level - distributed over 168,000 square metres of leasable space with more than 550 units allocated for luxury and fashion brands, dining outlets, high-end department stores, home furnishing chains, art galleries, family entertainment venues and various other speciality stores and services.
Saadiyat has become an increasingly appealing destination for residents, tourists and investors especially with its prestigious residences, high-class sport and leisure venues, vibrant beach lifestyle, and world-renowned hospitality brands. Saadiyat is also on the road to becoming a cultural centre as three world-class museums designed by Pritzker prize-winning architects are on schedule to open on the island, starting with the Louvre Abu Dhabi in 2015, followed by Zayed National Museum in 2016 and Guggenheim Abu Dhabi in 2017.
"This is a very exciting time for us especially with the different projects that will be coming online over the next few years at Saadiyat, be it the museums, 'The District', or the university neighbourhood which will soon come to life. With promising market conditions, we strongly believe that this is the right time to invest in Abu Dhabi and in Saadiyat," Al Fahim added.
Interest in TDIC's distinctive residential properties including luxury beach villas, elite townhouses, ultra-chic branded apartments has exceeded expectations where outstanding sales and leasing figures across this diverse portfolio of high-end residential communities on Saadiyat island and in Abu Dhabi have been achieved. The Saadiyat Beach Villas, which enjoy a prime location next door to a collection of international five-star resorts, have 85 percent of its high-end luxury homes sold to date. The Eastern Mangroves Residences, whose first phase of luxury waterfront apartments achieved full occupancy, has most recently launched its second phase of residential apartments, The Promenade Apartments, for lease.
Tourism Development & Investment Company (TDIC) will be located at the Atrium (Stand AC10) at Cityscape Abu Dhabi, taking place at the Abu Dhabi National Exhibition Centre on April 16-18, 2013.
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