Billion-dollar launches take centre stage at Cityscape

A number of residential, retail and hospitality developments were launched at the tenth edition of Cityscape Abu Dhabi, which kicked off in the capital on Tuesday, and runs until Thursday.

One of the largest projects showcased at the event was Aldar Properties’ Yas Acres, a residential and leisure development, featuring a total of 1,315 villas.

The Dh6 billion project is set for completion in the fourth quarter of 2019, and has already received strong response from investors at Cityscape, Aldar said.

“Our research and experience tells us that Yas Acres should satisfy the demand for a high quality villas product that is available for purchase by investors and owner occupiers. We will soon be announcing the commencement of sales, and look forward to keeping the market updated on our progress,” said Talal Al Dhiyebi, Aldar’s chief development officer.

Also participating at Cityscape was Eagle Hills, which launched The Address Fujairah Resort and Spa in partnership with The Address Hotel and Resorts. The mixed-use project comprises 197 residential units and 20 villas.

Macy’s department store

Meanwhile, Mubadala Development Company unveiled the expansion of their projects on Al Maryah Island. These include Abu Dhabi’s first Four Seasons Hotel, which will open in May this year.

Mubadala also updated investors on developments at Al Maryah Central, a mall with 2.3 million square foot of retail space that is scheduled to open in 2018. The mall will house the first international Macy’s department store and a Bloomingdale’s store.

For those looking to invest outside the UAE, Trafalgar Properties highlighted its project, Green Lane, which is freehold land for sale in Liverpool, UK.

Source: Staff Report,


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