Saadiyat will also be linked with Al Reem Island where the Dh30 billion Najmat Abu Dhabi or ‘Star of Abu Dhabi’ is the maiden project of Reem Developers, the real estate subsidiary of Reem Investments. Najmat Abu Dhabi is community-focused with a mixture of traditional and contemporary architecture. The plans encompass business, leisure and residential areas, with marinas, educational campuses, health and well-being facilities, plus retail and hospitality destinations.
Shams Abu Dhabi on Al Reem was launched as Sorouh's first prestige development in Abu Dhabi. When completed in 2011 it will be home to approximately 70,000 people. Surouh’s Sky Tower is destined to be the highest skyscraper in Abu Dhabi and Surouh is also responsible for the Dh729 million Golf Gardens luxury residential development adjoining Abu Dhabi Golf Club. In addition Surouh has launched Saraya Abu Dhabi, a new Dh3.5 billion mixed-use development in Abu Dhabi City, next to the Corniche Hospital.
Al Reem Island
Aldar’s flagship Central Market redevelopment in Abu Dhabi city centre has been divided into several construction packages, all of which are significant in their own right, with the first phase, a modern version of the traditional Arabian Souq, due for completion by mid-2008. Aldar's target for 2007 is to finish the massive underground car park and basement structure, as well as installation of some of the largest pile foundations in the Middle East. These support the retail section, and the three tall towers designed by world-famous architect Foster & Partners that will accommodate residences, offices and hotels.
Aldar is also developing a largely-reclaimed island near Abu Dhabi International Airport. The Dh147 billion Yas Island development will be a prestigious leisure destination with mixed-use tourism attractions, including beaches, entertainment, shopping, hotels, residences, golf courses, equestrian facilities, and an exclusive Ferrari Theme Park (to be completed by 2009). Yas Island will also have a Formula 1 racetrack, where the inaugural Abu Dhabi Grand Prix will be staged in 2009 (see Sports & Leisure).
Nearby, Aldar has already handed over properties in the first phases of the Al Raha Gardens project, the first freehold, residential d e v e l o p m e n t i n A b u D h a b i f o r U A E n a t i o n a l s . C o n s t r u c t i o n i s a l s o @ w w w . u a e i n t e r a c t . c o m / u r b a n
Yas Island will be home to a Formula 1 racetrack where the inaugural Abu Dhabi Grand Prix will be staged in 2009.