TDIC launches new housing units for sale at Saadiyat

Abu Dhabi's Tourism Development and Investment Company (TDIC) has released an additional building for sale at Mamsha Al Saadiyat, a beachfront community currently under development at Saadiyat Island. The master developer of major tourism, cultural and residential destinations in Abu Dhabi, TDIC said Building One, also known as Azure, offers investors and prospective homeowners a compelling opportunity to own prized real estate a short walking distance from the soon-to-open cultural icon, Louvre Abu Dhabi. Azure holds 79 units in total, with 36 currently available across four-, three-, two- and one-bedroom units along with penthouse and loft options. The area of space available for the one-bedroom units starts at 1,334 sq ft, while the two- and three-bedroom options begin at 1,829 sq ft and 2,992 sq ft respectively. To commemorate the launch of Louvre Abu Dhabi museum, TDIC is offering buyers an attractive 2.5 per cent deposit to reserve their unit, backed by a payment plan of 20 per cent against construction milestones that can be paid in instalments. The 80 per cent balance on purchase value is payable upon completion of the residential units, giving astute investors and prospective homeowners a chance to secure a lucrative investment in one of the capital’s most sought-after destinations, said the Abu Dhabi developer. Located along Saadiyat Island’s pristine shoreline, Mamsha Al Saadiyat redefines contemporary beachfront living, promising buyers residential units that are characterised by high-end finishes and panoramic views of the Arabian Gulf. Complementing the uniquely designed residences is a remarkable mix of hospitality, leisure and lifestyle amenities nearby. An experiential retail and dining destination will form the community’s seaside promenade, granting residents and visitors to the island opportunities to enjoy eclectic cuisine options and world-class shopping. On the new residential units, CEO Sufian Hasan Al Marzooqi said: "We are very excited to release more new apartments in Mamsha Al Saadiyat, thus delivering a unique investment proposition that coincides with one of the biggest events the capital has witnessed in recent years – the opening of Louvre Abu Dhabi." "Mamsha Al Saadiyat offers buyers an unmatched opportunity for prime real estate ownership, combining modern architectural beauty and the tranquility and inspiration that comes with Saadiyat Island’s pristine beaches, views of the Arabian Gulf, and access to unparalleled retail, leisure and hospitality offerings," stated Al Marzooqi. Recently, TDIC released commercial space available for leasing to parties seeking to operate F&B (food and beverages) and retail establishments at the development. Construction of the 461-unit Mamsha Al Saadiyat is ongoing and progressing on schedule, with concrete and structure works for all buildings now complete, said the statement from TDIC. The entire project comprises 414 apartments or lofts offering one to four bedrooms, 47 townhouses and nine premium duplex penthouses, each with five bedrooms, a private swimming pool and terrace. Mamsha Al Saadiyat, which is well poised to be Abu Dhabi’s new residential and investment destination of choice, is likely to be complete by the second half of 2018