Dubai: The Abu Dhabi developer Tamouh has scaled up construction activity at its existing Reem Island projects and thus expects to meet the increased demand for prime space in the capital.
Tamouh has the responsibility to develop 60 per cent of Reem Island’s masterplan, which covers an area of 3.3 million square metres. The number of eventual residents at Tamouh’s projects is expected to reach 100,000 in the future.
The current offerings within Reem Island include Marina Square, which was completed in 2011, Paragon Bay and City of Lights, currently under construction.
“We are currently focusing all of our construction activity on City of Lights, a mixed-development, as we plan to deliver the project in phases within the next two years,” stated Joe Ong, Tamouh’s managing director.
There are currently nine towers under construction, seven of them residential and two for offices. City of Lights is taking shape along the water edge and over 144 acres. Completion is due in 2016.
“With the recent resurgence of the economy and demand for properties, work on the island is in full swing to meet the sustained demand for prime locations,” Ong stated. “We are working closely with our stakeholders to deliver residential and commercial spaces that fulfil contemporary lifestyle aspirations.”
Source: Staff Report, gulfnews.com