TDIC launches Saadiyat villas second phase
Master planner seeks to meet demand for beach-front units on island
Abu Dhabi’s Tourism Development & Investment Company (TDIC) has launched the second phase of its Saadiyat Beach Villa project, what will be the island’s first residential community area.
The master-planning firm said the 90 properties on the project would start construction immediately on schedule for handover in Q4 2012.
The plan follows the successful sales of the first batch of villas on the project, and is as a result of ongoing demand for units, according to the company.
“Following a highly successful launch of the first phase of Saadiyat Beach Villas, through which we sold all 255 homes, and due to the continued interest we are receiving from potential buyers, we have decided to release a second batch of these premium properties,” said Ahmed Al Fahim, executive director of marketing, sales and leasing. Handover of first-phase units will commence “soon”.
The gated communities, designed by architect JZMK Partners and interior designer CDC, will consist of landscaped parks, play areas for children, swimming pools and terraces, gyms, basketball and squash courts. Future homeowners will also have a private beach.
The announcement is the first recent good news from the master planner, which is behind much of the tourist and cultural projects in the UAE capital and its surrounding islands, most notably Saadiyat Island.
Last week the company said it was to extend the construction deadline for its Louvre and Guggenheim Abu Dhabi museums due to the “magnitude of work”. A week earlier it had cancelled the tender for concreting for the Louvre structure.
In an online CW poll of contractors, consultants and suppliers, 72% of respondents believed the rescheduling of TDIC’s projects were due to money problems at the company. Among other possible responses, 16% believed the company was adjusting to the correct size of the projects planned.