TDIC, Al Jaber ink $100m deal for Jawaher Saadiyat
Jawaher Saadiyat will offer its future residents proximity to some of Saadiyat’s most high-end hospitality, cultural, educational and retail offerings
Abu Dhabi-based master developer, the Tourism Development & Investment Company (TDIC), awarded a $100m (AED370m) construction contract for Jawaher Saadiyat to Al Jaber Building, following a competitive tendering process.
The project is on a 24-month delivery from mobilisation on site.
H.E. Ali Majed Al Mansoori, TDIC’s chairman of the board, said: “We are pleased to announce the awarding of the main contract for Jawaher Saadiyat, the latest residential community at the Saadiyat Beach District, which adds to Saadiyat’s appeal as a destination of choice in the market. TDIC has already received much interest from investors for Jawaher due to its prime location overlooking the Saadiyat golf course and the sense of exclusivity it offers to residents. We are confident that once completed, it will drive demand for our real estate offerings on Saadiyat even further.”
H.E. Obaid Khaleefa Al Jaber Al Marri, chairman of Al Jaber Group said: “We are proud to be chosen by TDIC to execute this project. Having previously developed more than 7,000 villas in numerous prestigious projects, Al Jaber Building is looking forward to join hands with TDIC to develop yet another great milestone.”
Located within the Saadiyat Beach District and overlooking the Saadiyat Beach Golf Club, Jawaher Saadiyat will feature 83 exclusive units comprising four- to six-bedroom villas, and four-bedroom townhouses designed in a contemporary and modern style.
The villas’ built-up area ranges from 636 to 1,268 sqm, and include two to four shaded car parks. The townhouses built-up area ranges from 462 to 464 sqm and include two shaded car parks.
Residents will enjoy easy access to facilities, which include, a security-controlled gate, landscaped grounds, multi-use games area, a gym, a children’s outdoor playground, adults and children swimming pools, male and female prayer rooms, ample parking for residents and guests, a café, a restaurant, a mini mart, a salon and a linear park.
Jawaher Saadiyat will offer its future residents proximity to some of Saadiyat’s most high-end hospitality, cultural, educational and retail offerings. These include international five-star resorts and leisure facilities within the Saadiyat Beach District such as The St. Regis Saadiyat Island Resort, Park Hyatt Abu Dhabi, the Saadiyat Beach Golf Club and the Saadiyat Beach Club.