Phase one of Mamsha Al Saadiyat sells out
Strong interest in off-sale plan two-day event
Phase one of Mamsha Al Saadiyat has sold out.
Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, held a two-day event last month where the project was offered for sale off-plan.
Located in the Cultural District, Mamsha Al Saadiyat is a 1.4km beachfront mixed-use development that will offer residents a luxurious beach-inspired lifestyle as well as easy access to diverse retail, dining and entertainment features.
Ahmed Al Fahim, executive director of marketing, communications, sales and leasing at TDIC, said: “We are pleased that Mamsha Al Saadiyat has garnered such strong demand, given that it is the first dedicated beachfront property on Saadiyat that will offer its residences spectacular views and easy access to the Cultural District’s world-class museums, which are set to turn the island as well as the Emirate of Abu Dhabi, into a hub of art and culture. This goes on to show the trust that investors have in the value and quality of what TDIC is developing on Saadiyat today.”
Comprising five clusters, each approximately 250m long, the development will feature nine low-rise residential buildings with a total of 461 units including apartments and townhouses. The unit sizes will range from one to four-bedrooms to lofts and penthouses, with a gross floor area from 106 to 454m2 for the one to four-bedroom units. Penthouses enjoy a size starting from 1,200m2.
All buildings will feature ground-level retail offerings and pool terraces. The complete project, which will be developed in phases, will also encompass a serviced-apartment building and a retail village offering approximately 5,000m2 of leasable area, for both retail and dining outlets.