Construction to start on TDIC project in Q1 2015
Mamsha Al Saadiyat is due for completion in 2017
Construction work at the Mamsha Al Saadiyat development in Abu Dhabi is to begin in Q1 2015.
The project was announced by Anu Dhabi’s Tourism Development & Investment Company (TDIC) earlier this month and was showcased at Cityscape Global in Dubai this week.
Carlos Antonio-Wakim, executive director of development at master developers TDIC, told CW: “The tenders are due in two to three months from now, but we are still waiting for some governmental approvals. It’s in process, everything is ok. We have 99% of the approvals already and this is a good barrier we have come across.”
The first residential development in Saadiyat Cultural District, Mamsha Al Saadiyat, meaning ‘Saadiyat Walk’, is a 1.4km beachfront mixed-use project that will offer residents a luxurious beach-inspired lifestyle as well as easy access to diverse retail, dining and entertainment features.
Comprising five clusters on the northern beach, each approximately 250m long, the development will feature nine low-rise residential buildings including apartments and townhouses.
Unit sizes will range from one to four-bedrooms to lofts and penthouses, with a gross floor area from 106 to 454m2. All buildings will feature ground-level retail offerings and pool terraces.
The project, which is due for completion in 2017, will be developed in phases, and also encompass a serviced-apartment building and a retail village offering approximately 5,000m2 of leasable area, for both retail and dining outlets.
Antonio-Wakim said: “There is a lot of excitement from the public for this project. We’ve noted hundreds of registrations on our website.”
And there are plans for further development on the island, with news expected to be released in early 2015.
“We are also looking at other areas of Saadiyat. Soon you will see some other launches coming in, which we cannot disclose now, but it is going to be more towards villas on other parts of the island,” said Antonio-Wakim.