Reem Investments has announced plans for a 42 luxury villa waterfront community at Najmat, the master developer’s US$8 billion real estate project at Reem Island, Abu Dhabi.
Nalaya Villas will be located on the southern shore of Najmat, a spectacular 16 million sq ft development on Reem Island which is just 300 metres off the coast of Abu Dhabi’s city centre.
The 42 villas, comprising three, four and five bedrooms, will be available for lease directly from Reem Investments which will spotlight the project later this month at Cityscape Abu Dhabi, the region’s premier real estate investment and development event. The villas are expected to be completed by the second quarter of 2012.
The Nalaya development will benefit from both a private beach and park offering a distinctive haven from the hustle and bustle of nearby downtown Abu Dhabi. The community will be further serviced by a private Clubhouse and swimming pool.
“We’re committed to building unique residential offerings,†said Bambang Sugeng Bin Kajairi, Chief Executive Officer of Reem Investments. “These 42 villas will have a distinctive architectural quality and offer Abu Dhabi residents a safe and close-knit community lifestyle, a sanctuary from fast paced city life.
“Progress on Najmat continues to be made at a steady pace; we have completed Phase 1 infrastructure works and Phase 2 infrastructure works have commenced which include the creation of the beaches.â€
Visitors to Cityscape Abu Dhabi, taking place from 17 to 20 April 2011 at Abu Dhabi National Exhibition Centre will be able to find out more about the Nalaya development at the Reem Investments stand located at the entry to Hall 5.
With a strong home base in Abu Dhabi, Reem Investments’ influence and impact extends across the GCC region and the world. The company develops, executes and manages investment strategies to expand the core business of real estate investments and development, and financial investments.
The company’s pledge is to give value and deliver strong returns by identifying the most attractive investment opportunities in established capitals in the world and in fast developing and emerging markets.
Reem Investments is also the master developer of Rawdhat on Airport Road in Abu Dhabi, the first dedicated ‘develop to lease’ residential, business and retail community in the capital. It includes the Dome@Rawdhat recreational facility, already a popular venue for sporting activities, and home to Manchester United Soccer Schools.
