Construction of luxury beachfront project Mamsha Al Saadiyat in Abu Dhabi is proceeding as per schedule, its master developer Tourism Development and Investment Company (TDIC) has revealed.
Development work on the mixed-used project – located in the Saadiyat Cultural District – is currently 21.9 per cent complete, a statement said.
Mamsha Al Saadiyat includes nine low-rise residential buildings with 461 units, ranging from one to four bedroom apartments, sized between 110 sqm to 450 sqm.
The project also offers loft apartments with sea views. Nine five-bedroom penthouse units with an average size of 1050 sqm feature a private swimming pool and a terrace.
Connected to a 1.4km promenade with walking and cycling paths, the project also offers direct access to the beach, children’s playgrounds, and parking for both residents and visitors.
The contract for the project, valued at Dhs1.25bn, was awarded to a joint venture between San Jose Contracting and Pivot Engineering and General Contracting in April 2016.
So far, construction of basement and podium has been completed and work has reached the upper floors in the buildings. TDIC said it is “monitoring and supervising” all the developmental phases to ensure timely execution.
Sufian Al Marzooqi, TDIC’s CEO said, that the project was being executed in line with the pre-set schedule and was on track to be completed in the second half of 2018.
Amna Alalkeem Al Zaabi, project manager at TDIC added: “We are working closely with our contractors to ensure work completion. Mamsha Al Saadiyat enjoys picturesque views, overlooking the seashore and a close proximity to the Cultural District Museums, which differentiates it from any other residential projects in the region.”
The Saadiyat Cultural District features the Zayed National Museum, Louvre Abu Dhabi and Guggenheim Abu Dhabi.
“We are anticipating strong interest from the local and international investors,” said Al Zaabi.
The first phase of the project was sold out during a two-day sales launch event in October 2014.
The wider Saadiyat Island features project such as The St. Regis Saadiyat Island Resort & Spa, The Collection, the Saadiyat Beach Golf Club and the Saadiyat Beach Club along with other projects under development.