Abu Dhabi to get 1 million sq ft park worth Dh250m

Abu DHabi, April 18,2017 :Aldar Properties has announced plans for its 1,000,000 square foot public park worth Dh250 million on Reem Island. The park will be completed in 2018. Situated in the heart of its master planned community on Reem Island, the park will have a 2,000 worshippers' mosque with serene reflective pool, F&B outlets, retail centre, a skate park, play areas, and interactive water features throughout. In supporting Emirati entrepreneurship, Aldar will allocate a dedicated space within the park's retail offer to local businesses. Mohamed Khalifa Al Mubarak, Chief Executive Officer, Aldar Properties PJSC said: "We are proud to invest Dh250 million in launching this new park and creating a space that will benefit so many of Abu Dhabi's residents and visitors upon its completion next year. This park fits well within our strategy to create dynamic, amenity-driven lifestyle destinations across our landbank in Abu Dhabi. With a retail element that will seamlessly blend a waterfront environment with urban vibrancy, the park will provide yet another leisure and entertainment option for everyone in the area." Built on tiered levels creating a natural progression from high to low, the park will boast a variety of attractions and amenities that lead down to a natural waterfront, including a 4km promenade, providing visitors with edutainment opportunities about the area's natural reserves and plant life. Aldar yesterday announced the launch of The Bridges, a Dh1.3 billion mid-market development on Reem Island. The Bridges comprises six towers and 1272 units, with sales having commenced at Cityscape Abu Dhabi. Aldar's master planned community on Reem Island is already home to some of the Company's most iconic developments including Sun & Sky Tower, and the Gate & Arc Towers. It is also the location of Aldar's first mid-market project, Meera, which was successfully launched in June 2015 and is over 90 per cent sold, with construction ongoing. Reem Island offers significant benefits to residents through its close proximity to the central business district on Al Maryah Island and its connectivity to the centre of Abu Dhabi and other prime destinations within the Emirate. Source : Khaleejtimes