TDIC to open 600ha project at Cityscape Abu Dhabi
Saadiyat Lagoons District will comprise residences and related community facilities, and is due to be launched at Cityscape Abu Dhabi 2016, a senior TDIC official said
Abu Dhabi's Tourism Development and Investment Company (TDIC) announced it will participate in Cityscape Abu Dhabi 2016 to highlight its portfolio of projects on Saadiyat Island.
TDIC will also launch the Saadiyat Lagoons District at the exhibition.
The 600 ha (6,000,000sqm) mixed-use development is said to comprise residences, parks and lakes, and community facilities such as pathways for running, cycling, and horseback riding.
Information about the project's cost and construction schedule is yet to be revealed.
Remarking on TDIC's participation in the show, Ali Majed Al Mansoori, the organisation's chairman of the board, said: "We are pleased to once again be a part of Cityscape Abu Dhabi, which allows us to raise awareness about our projects while also reaching a wide range of potential investors and homeowners.
"This year, we anticipate a high level of interest and demand for our portfolio, which will be enhanced with the addition of our latest project, the Saadiyat Lagoons District which we are announcing during this key real estate event."
Al Mansoori said he also expects Cityscape to educate Abu Dhabi's real estate industry about the Emirate's new property law.
"TDIC has welcomed the new rules and regulations pertaining to the new property law as we see it has provided further protection for investors," he added, according to state agency, WAM.