TDIC reveals the first residential development in Saadiyat

GMT 14:12 2014 Thursday ,18 September

Arab Today, arab today TDIC reveals the first residential development in Saadiyat

Saadiyat Cultural District
Dubai - WAM

Abu Dhabi's Tourism Development and Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, revealed yesterday the first residential development in the Saadiyat Cultural District. Mamsha Al Saadiyat, meaning Saadiyat Walk, which will be showcased at Cityscape Global 2014, is a 1.4 kilometre 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.
The new residential development will be unlike any other in the U.A.E. and throughout the region where future residents will live in a beachfront property that is minutes from the heart of Abu Dhabi's future cultural hub. The Saadiyat Cultural District will become home to three iconic world-class museums – Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi – along with The District, a premier retail destination that is being developed in partnership with L Real Estate (LRE), a global real estate development and investment fund sponsored by LVMH.
Ali Al Hammadi, TDIC's Chief Executive Officer, said, "We are very pleased to announce the launch of Mamsha Al Saadiyat, which will further enhance the appeal of both the Cultural District and Saadiyat as a whole, as a one-of-a-kind development, both regionally and internationally. Due to its unique location, community features and services, we anticipate strong demand for Mamsha Al Saadiyat as it will offer residents an address like no other in the world before." Comprising five clusters, each approximately 250 metres long, the development will feature nine low-rise residential buildings 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 454 square metres. 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 5,000 square metres of leasable area, for both retail and dining outlets.
Ahmed Al Fahim, Executive Director of Marketing, Communications, Sales and Leasing at TDIC, said, "Given its unique location neighbouring world-class museums in addition to being a beachfront development, we strongly believe that Mamsha Al Saadiyat sets itself apart from other residential developments in the region. It is truly a one-of-a-kind investment opportunity and will surely attract investors locally and from around the world." The design scheme reflects the relaxed, energised lifestyle envisioned for community members and visitors, with modern architectural designs and a material pallet characterised by simple white render and glass handrails. The facade options have been chosen in order to minimise the impact of the sun - both for energy savings and human comfort.
In terms of community facilities, residents and visitors will be able to enjoy the use of various health clubs, direct access to the beach, plus dedicated pedestrian and cycling lanes located throughout Mamsha Al Saadiyat. Moreover, a headland park located at the western end of the beachfront walk along the development and overviewing the Guggenheim Abu Dhabi, with a pier that stretches approximately 200 metres into the sea, will provide visitors with beautiful views of the museum and all of Saadiyat Beach.
"The fact that residents can access the best cultural, retail and educational offerings minutes just from their homes re-enforces just how distinctive and valuable Mamsha Al Saadiyat is – whether from a community or investor perspective. We look forward to the day when we will welcome homeowners to their new address on Saadiyat," added Al Fahim.
Added benefits that residents can make use of include the close proximity of Manarat Al Saadiyat, the popular exhibition centre and the U.A.E. Pavilion as well as Cranleigh Abu Dhabi, the leading British-curriculum school. Furthermore, both the Beach District – with its high-end residential, hospitality, leisure and retail offerings - and the Marina District – currently home to New York University Abu Dhabi – are located nearby.


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