TDIC releases the third phase of Saadiyat Beach villas for sale
Comprises 77 high-end units to end by Q4 of 2015
Abu Dhabi: Tourism Development and Investment Company (TDIC) announced the release of third phase of Saadiyat beach villas for sale.
Out of 110 villas at Saadiyat Beach, only 33 Mediterranean style villas are offered to the market, while the other 77 high-end units will be delivered by the fourth quarter of 2015.
After 85 per cent of high-end luxury homes have been sold out in the first two phases, a special launch price starting from Dh6 million is on offer for the third phase villas, with an alliance of key banks to offer financing options for prospective homeowners.
According to the Tourism Development and Investment Company (TDIC), the total number of the project units has been increased from 344 to 421.
Construction of the third phase is scheduled to start during the third quarter of 2013.
“We are confident about releasing this new high-end residential phase of villas to the market, especially with phenomenal success of the first two phases and the market demand we have seen towards them. We are certain this third phase will achieve greater success as we factor in the feedback we have received while constructing the first two phases, as well as consider the best selling villa types and sizes,” said Ahmad Al Fahim, executive director of marketing, communications, sales and leasing at TDIC.
The new batch of exclusive stand alone homes will come in Mediterranean standard style and will be available in four and five bedroom sizes. The built-up area for a standard four-bedroom villa will be 449 square metres, whereas a five-bedroom villa will be 542 square metres.
The residential community will feature landscaped parks, play areas for children, swimming pools and terraces, gymnasium, basketball and squash courts.
Residents of the new offered villas will also have access to Saadiyat Beach, which is only a few minutes away from their doorstep.
“This represents an excellent opportunity for people looking to live in the best address in Abu Dhabi, next door to world-renowned five-star hotels and near to iconic cultural institution and museums,” Al Fahim added.
These cultural premier institutions will open on the island starting with the Louvre Abu Dhabi Museum in 2015, Zayed National Museum in 2016 and Guggenheim Abu Dhabi Museum in 2017.
Abu Dhabi Commercial Bank, National Bank of Abu Dhabi, Abu Dhabi Islamic Bank, Al Hilal Bank, Abu Dhabi Finance, Mashreq Bank, and Standard Chartered Bank will launce an exclusive home finance scheme for high-end residential communities on Saadiyat Island.
“This scheme, which applies to purchases of the luxury Saadiyat Beach Villas, will offer a unique and simple home finance package for potential Saadiyat island residents. Interest rate starting at 4.5 per cent fixed for a limited period, finance of up to 85 per cent from property value and loan tenor up to 30 year,” according to TDIC.
