Abu Dhabi, 3/25/2013 11:00:00 AM - Tourism Development & Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced today the launch of a new building for individual sale at the Saadiyat Beach Residences, which compromises six residential buildings in an exclusive gated community. This comes following the launch and full sale of the first building which was released in October 2013. Prices start from AED 1.7 million.
Available in the size of one to four-bedroom apartments, these units are developed to exceptionally high standards, with a number of state-of-the-art facilities - from ample parking spaces dedicated for residents and visitors. Residents can also take full advantage of the various facilities available within this community, including a retail cafe, swimming pools, tennis and basketball courts, multi-purpose courts and fully-equipped gymnasiums.
Ahmed Al Fahim, Executive Director of Marketing, Communications, Sales and Leasing at TDIC, said: "Our decision to release a new set of apartments for sale at Saadiyat Beach Residences has been driven by the market demand which we saw with the sale of the first building. We see that there's a real desire for our high-quality products in addition to the opening and upcoming openings of a number of educational, leisure and service entities which offer an investment opportunity that will appreciate and promise high returns on the investment."
Several banks showed high interest in providing financing options for this project. These include Abu Dhabi Commercial Bank (ADCB), National Bank of Abu Dhabi (NBAD), Abu Dhabi Islamic Bank (ADIB), Abu Dhabi Finance (ADF), Mashreq Bank, Standard Chartered Bank, Union National Bank, First Gulf Bank and Al Hilal Bank. Special offers have also been arranged with ADCB, ADIB, ADF and FGB with interest rate starting at 3.75 per cent, no processing fees and a fixed rate of up to five years. All mortgage offers are subject to financial approval processes.
Designed by GHD, one of the world's leading engineering, architecture and environmental consulting companies, the apartments feature premium finishes and fittings. They range from 90 to 235 square metres (sq. m) and are available in two distinct architectural styles: Arabesque, which is inspired by the region's culture, and Mediterranean, which feature a rich colour palette of earthy autumnal hues, warm terracotta and handcrafted mosaic. The interiors are spacious and fitted with elegant stainless steel Bosch appliances in kitchens across the apartments.
Residents of the community can enjoy a wide range of privileges and benefits presented by Advantage, an exclusive loyalty programme for TDIC's residential communities. These include receiving discounts on dining, spa treatments, best available room rates, annual membership fees, and many more at the St. Regis Saadiyat Island Resort, The Collection, Monte-Carlo Beach Club, Saadiyat, Saadiyat Beach Golf Club, Abu Dhabi Golf Club, The Westin Golf Resort & Spa, Eastern Mangroves Hotel & Spa, Eastern Mangroves Promenade, Qasr Al Sarab Desert Resort, and Desert Islands Resort & Spa by Anantara, Fanr Restaurant as well as the Saadiyat Public Beach managed by Bake.
Part of the appeal of Saadiyat Beach Residences is due to the exclusive lifestyle that the island offers its community through a superb mix of luxury villas, high-end townhouses and elite apartments, as well as the world-class cultural institutions, such as the Zayed National Museum, Louvre Abu Dhabi and Guggenheim Abu Dhabi.
In 2014, a number of important community services and developments will be open to serve residents in the area, such as Saadiyat Redwood Nursery, which will be managed by Kids First Group, an internationally-recognised academic operator, Cranleigh Abu Dhabi, a leading UK independent school, and New York University Abu Dhabi. Furthermore, a retail centre offering day-to-day conveniences is also set to be developed and will feature a grocery store, pharmacy, hair and nail salon and coffee shop.
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