Abu Dhabi launches Al Riyadh City project
The Abu Dhabi government has announced a new housing project, dubbed Al Riyadh City as part of the capital’s drive to expand public housing policies
The Abu Dhabi government has announced a new housing project, dubbed Al Riyadh City, as part of the capital’s drive to expand public housing policies, it was revealed on Tuesday.
The project, said to be Abu Dhabi’s largest ever housing development, is expected to accommodate 200,000 UAE citizens and occupy 45% of the city’s total residential land area, according to Arabian Business.
The 8,000 hectare Al Riyadh City will stretch across 30 kilometres from Abu Dhabi Downtown and will be located in South Shamkha, North Wathba area, cutting waiting time for housing for nationals by half.
The city was named after the Saudi capital as a testament to Saudi Arabia-UAE relations, according to the official twitter account of HH Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
“Proud to name the largest housing project in Abu Dhabi as Riyadh City. Saudi Arabia-UAE longstanding ties are based on brotherhood, cooperation and common destiny,” the Crown Prince said in a tweet.
Saeed Eid Al Ghafli, chairman of the Abu Dhabi Housing Authority, said that the latest residential developments aim to fulfill needs of different segments of Abu Dhabi citizens and to provide them with diverse service and facilities.
“The updated policies provide citizens with the freedom to choose the right homes for their families, which would contribute to their social wellbeing,” he said.
Abu Dhabi also announced the launch of a new property management firm, Modon Real Estate Company, which will specialise in developing housing, infrastructure and community facilities to develop and manage the new development.
The new units will provide housing for a number of population segments, including single female citizens, first time property buyers, and other UAE nationals working in Abu Dhabi.