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The UAE skyline is not only filled with clusters of buildings in a medley of styles and lengths, but also with construction cranes. Yes, construction and real estate are a continuous business in the country, particularly in Abu Dhabi and Dubai. And residential property investors are in for a treat as more supply is coming to the market in the months and years to come.
In the capital of Abu Dhabi, a new beachfront development will soon rise in the Cultural District of Saadiyat Island. Dubbed Mamsha Al Saadiyat, it will consist of nine low-rise buildings that will house one to four-bedroom apartments, townhomes and lofts. To be integrated into the overall plan are a health club, swimming pools, a park and retail outlets. Mamsha Al Saadiyat aims to offer its future residents resort-style living at a short distance from the beach and the area’s cultural venues that include Louvre Abu Dhabi, Guggenheim Abu Dhabi and Zayed National Museum. Meanwhile, construction work on a trio of residential towers at the Meena Plaza in Port Zayed has resumed after it was stalled for two years. The project’s blueprint also includes an office tower, a covered Jacuzzi, helipad sunbathing deck, cinema, wading pool and medical center.
In Dubai, real estate developers have begun building projects in non-central locations as the areas near the city center have become fully saturated. Expected to be added to the emirate’s residential stock is Villa Lantana in Al Barsha South. The villa community will offer a range of three to five-bedroom detached and semi-detached luxury villas in 17 different designs. The project will also include retail outlets, sports venues, play areas and parks. Another upcoming development is the freehold project Mirdif Tulip in Mirdif, with housing options that range from studio to three-bedroom flats. Its modern conveniences include a swimming pool, 24/7 security and an underground parking area.
With a steady supply of housing projects, house buyers and renters need not look far when shopping for a new place to live.
• Mamsha Al Saadiyat in Abu Dhabi will offer apartments, lofts and townhouses
• Meena Plaza will have three residential towers, office tower and medical center
• Villa Lantana and Mirdif Tulip are far-from-the-city-center projects in Dubai
Source: Ellen Joyce Soriano, Special to Properties
The writer is a freelancer