Work on Reem Island projects on track: Aldar

Work on Reem Island projects on track: Aldar
Vida Hotels and Resorts in Reem Island.
Published: 19 June 2017 - 4:42 a.m.
By: Jumana Abdel-Razzaq

Abu Dhabi-based developer Aldar has announced that it is on track to complete the construction of its residential and hospitality projects on Reem Island.

Projects include Vida Hotels and Resorts and residential projects such as 329 marina residences and The Bridges.,

Vida Hotels and Resorts project, which will include a 262-key hotel and 192 serviced apartments, is scheduled for completion in 2020.

The 329 marina residences project includes addition to the 5,000 homes already within its leased residential portfolio.

Work on the The Bridges, mid-market homes featuring studios to three-bedroom apartments, will be completed by 2020.

In addition to these, Meera, Aldar’s first mid-market development on Reem Island, is making strong progress with the structure now at the 16th floor out of 26.

Mohamed Khalifa Al Mubarak, chief executive officer, Aldar Properties, said, “In addition to being incredibly attractive for owner occupiers, Reem Island continues to capture the attention of investor audiences, with well over 60% of the plots in our master plan currently in various stages of design and construction, and the balance earmarked for future development opportunities by us as well as third parties.”

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