The project developed by Al Fahid Property Development is located at the Abu Dhabi Waterfront and will feature 301 luxury villas and nine apartment buildings. Reportedly it is slated for handover by the third quarter of 2023.
As the phase one gets completed, the company is all set to move to the phase two of the five phase project. Phase two will include nine apartment buildings overlooking the marina, with five towers in the middle, flanked by two on each side. The buildings will comprise a total of 671 one- to four-bedroom apartments including 15 townhouses.
A luxury marina, with 85 berths, will also boast 88,000 square feet of retail and F&B space.
Al Fahid will also feature walking and bicycle paths, beaches, canals, a promenade, a beach club, a mosque, a civic centre, a nursery, and a water sports centre.
According to the developers when all the five phases are completed, the project will have the capacity to accommodate more than 11,000 residents, with Al Marsa accounting for nearly half – about 4,600.
Saeed Eid Al Ghafli, chairman of Al Fahid Property Development, said: “Poised to become Abu Dhabi’s first authentic luxury waterfront destination, the Al Fahid development will go a long way in attracting investments to the UAE capital.
“The launch of sales reinforces our commitment to enhancing the city’s lifestyle offering.”
The project will contribute to creating around 1,500 new job opportunities over the next three years, he added
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