TDIC celebrates residential sales and leasing success

Abu Dhabi: Tourism Development and Investment Company (TDIC), master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced its outstanding sales and leasing achievements of its prestigious residential properties on Saadiyat island at Cityscape Global 2012, where it is showcasing its diverse portfolio of high-end residential communities in Abu Dhabi.

TDIC’s residential success is attributed to the high demand for various residential developments across Abu Dhabi, such as The Residences at The St. Regis Saadiyat Island Resort which leased out 98pc of its apartments dedicated for leasing, the Saadiyat Beach Villas which sold out 80pc of its high-end luxury homes, and the Eastern Mangroves Residences which has witnessed phenomenal interest from the market as 70pc of its first phase of luxury waterfront apartments was leased out in less than a month of its launch.

Ahmed Al Fahim, Executive Director of Marketing, Communications, Sales and Leasing at TDIC, stated, “This year was phenomenal on all levels of our residential projects. We are proud that we have exceeded expectations while delivering distinctive properties for sale, rent or lease-to-own that were attractive to a wide range of homeowners and tenants”.

Phase one of Saadiyat Beach Residences, which has been completed, consists of 285 residences of one- to three-bedroom apartments finished to the high class standards reflective of Saadiyat’s prestigious lifestyle and luxurious residential communities. The project’s second phase consists of 210 residences of one- to four-bedroom apartments and will be completed in 2013.

Meanwhile the Eastern Mangroves Residences are offering residents the exclusivity of resort-style living in the convenience of a prime city location – only 15 minutes from Abu Dhabi International Airport. These apartments form part of the luxurious waterfront development, Eastern Mangroves complex, which also features the 222-room five-star Eastern Mangroves Hotel ‘&’ Spa by Anantara, opened in June 2012. The second phase of development comprises the Eastern Mangroves Promenade Apartments with 170 apartments and the Eastern Mangroves Promenade retail complex – both on schedule to open in first quarter 2013.

Saadiyat is becoming an increasingly appealing destination with its prestigious residences, cultural attractions, high-class sport and leisure venues, dynamic beach lifestyle, and world-renowned hospitality brands such as the St. Regis and Park Hyatt. Much of the island’s up-to-date residential development has been on Saadiyat Beach District where this ultimate tourism hotspot currently hosts a number of high-end properties for residents and tourists to enjoy.

The Residences at The St. Regis Saadiyat Island Resort consists of a prestigious collection of 32 exclusive villas and 259 apartments, complemented by The Collection at The St. Regis Saadiyat Island Resort, an exclusive retail complex that consists of a mix of 22 restaurants and retail outlets.

Meanwhile, Saadiyat Beach Villas have seen an influx of homeowners gradually locate into this exclusive upscale community as 354 villas are delivered by the end of 2012. This development features high-end luxury homes in gated communities consisting of landscaped parks, play areas for children, swimming pools, state-of-the-art gymnasiums, and basketball and squash courts.

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 that are giving potential homeowners an exclusive opportunity to build their dream homes. These land plots, which launched two weeks ago to the market, are quickly proving to be an attractive option among regional and international investors.

Tourism Development ‘&’ Investment Company (TDIC) will be located at Hall 6 (Stand 6C10) at Cityscape Global 2012, taking place at the Dubai International Exhibition Centre in Dubai, UAE, from October 2 to 4, 2012.

Leave a Reply