Abu Dhabi: Khor Abu Dhabi Property Development, an investor consortium led by Abu Dhabi's Al Masoud Group, will redevelop Abu Dhabi Tourist Club into a world-class tourism, residential and commercial hub, a statement said.
Covering 1.5 million square feet, The Quay has been masterplanned by Australia's The Cox Group - renowned designers who have undertaken major waterfront projects in Australia, Singapore, Malaysia, China and South Africa.
The consortium entered into partnership for The Quay site with the Tourism Development and Investment Company (TDIC), the asset development arm of the Abu Dhabi Tourism Authority (ADTA), following a competitive bid which saw five projects being proposed.
"The Quay will deliver a unique urban experience which will greatly enhance Abu Dhabi's expanding international tourism proposition. It will be a destination in its own right and will hold to the Tourist Club's legacy of providing vast open waterfront spaces for public use," Shaikh Sultan Bin Tahnoon Al Nahyan, Chairman of both TDIC and ADTA, said in a statement. A mixed-use development with leisure, residential and commercial facets, The Quay, which will be only minutes from Abu Dhabi's business centre, will feature a 620-room five-star hotel.
"The Quay has been inspired by some of the world's best ocean settings and is reminiscent of Darling Harbour in Sydney and Capetown's Victoria & Albert Waterfront," said Abdullah Al Masaood, chairman of Al Masaood Group.
"It is one of the single largest urban redevelopment schemes in the UAE and will leverage the magnificent Arabian Gulf setting to deliver a destination of wide local, regional and international appeal."The destination will also boast a new lifestyle retail centre housing Abu Dhabi's first aquarium, gated residential community of around 400 leased luxury apartments, and 592,000 square feet of quayside office space housed in two, 20-storey towers.
A 60-berth active marina will be central to a public promenade which will be animated by a waterfront entertainment and food precinct with a range of fashionable, harbour-view cafés and restaurants. It will have car parking for 3,600 vehicles.
