Reem Island project in big demand
Abu Dhabi, April 15, 2013
Bunya, Reem Island’s regulatory authority established by master developers Tamouh, Sorouh Real Estate and Reem Investments, said the occupancy rates of its new Marina Square and Sun and Sky Towers have reached a remarkable 65 per cent.
The island’s residential offerings and offices will be showcased at this year’s Cityscape Abu Dhabi from April 16 to 18.
Tareq Hatem Sultan, the CEO of Bunya said, "We are delighted to see the positive response that we were aiming for from Abu Dhabi residents towards Reem Island. Together with Tamouh, Sorouh Real Estate and Reem Investments, we have created a living and working environment that raises the bar in terms of facilities, infrastructure and quality of life."
"With every passing day, confidently Reem Island is becoming more of “a city within a city” which is exactly what we had envisaged to develop when we started this massive project," he noted.
Located to the northeast of Abu Dhabi less than a kilometre away from downtown and a mere 20 minutes from the capital’s international airport, this 887-hectare development offers far more than simply residential units and offices.
Linked to Abu Dhabi via eight bridges, out of which two are currently used, the island is designed with high-end contemporary living in mind.
Featuring lush, verdant parkland and invigorating pedestrian walkways, the purpose is to promote outdoor lifestyle possibilities for residents. Sultan said, "As well as the promise of a relaxing and safe quality of life, Reem Island takes environmental consciousness to new heights."
While Sorouh’s Boutik Mall is already open and accommodates its visitors’ dining, shopping and leisure needs, there are several entertainment facilities still under construction such us Marina Square’s Paragon Bay Mall.
Set around a beautiful marina overlooking downtown Abu Dhabi, Paragon Bay will be adding new dining outlets and coffee shops to the capital, in addition to a seven-screen Cineplex.
Upon completion of all planned phases, the island will be home to 200,000 residents. Eleven private schools with a capacity for 22,000 students, mosques, retail malls, recreation centers, beaches and an array of dining options complete the impressive picture, he added.-TradeArabia News Service