Abu Dhabi: Cityscape Abu Dhabi kicked off on Tuesday with property developers showcasing a number of projects that are in different stages of completion.
The figures for on-site sales, allowed at Cityscape Abu Dhabi since 2015, will be closely-watched barometer of property investors.
The three-day event was inaugurated by Shaikh Hamed bin Zayed Al Nahyan, chief of Abu Dhabi Crown Prince’s court and a member of the executive council of Abu Dhabi.
Aldar Properties is showcasing its Dh10 billion Al Ghadeer mixed use master plan close to Abu Dhabi, Dubai border.
The project will have more than 14,000 homes with the first phase expected to be completed in 2021. Maisonette prices start from Dh290,000 and townhouses from Dh899,900.
Aldar's Al Ghadeer
“The launch of Al Ghadeer is a clear statement of Aldar’s ambition. From its strategic location to its sustainable living initiatives, Al Ghadeer signals the creation of a new way of living for UAE residents now and in the future,” said Talal Al Dhiyebi, CEO of Aldar Properties.
First neighbourhood of 611 homes are being sold at Cityscape Abu Dhabi. Construction is expected to begin this year for the first phase of the project.
Bloom Properties, on the other hand said that it is on track to delivering its major projects on schedule.
The developer provided investors and home buyers with updates of the ongoing construction activities across its diverse range of projects in Abu Dhabi and Dubai.
In Abu Dhabi, the main works on Park View and Soho Square are on track in the university neighborhood of Saadiyat, with hand over set for forurth quarter in 2018.
In Dubai, Bloom has recently awarded the main construction contract for Bloom Towers, while the construction works at Bloom Heights is also progressing to plan. The developments are scheduled for hand over in fourth quarter in 2020 and fourth quarter of 2019 respectively.
Property developer Imkan also reported significant progress across its portfolio of domestic and international residential and mixed-use developments.
Works have begun on its Makers District, Nudra, and Sheikha Fatima Park projects in Abu Dhabi and Alburouj in Cairo, Egypt, the company said.
Tamouh Investments which is focusing on Al Reem Island has announced the completion of its latest project, Horizon Towers.
Consisting of the 57-floor Tower A and 38-floor Tower B, the mixed-used project Horizon Towers has been completed and is now ready for final hand-over to the property management company Three60 Communities.
Financed with the support of Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Commercial Bank (ADCB), Horizon Towers features a mix of townhouses and 1- to 3-bedroom apartments as well as a range of retail outlets, restaurants, a swimming pool, sport pitches, gym and yoga terrace.