Integrated Community Saadiyat Tender

Scope of WorkConstruction of Integrated Community at Saadiyat Island Abu Dhabi.DescriptionLeading UAE developer Aldar Properties has announced that it has acquired a 6.2 million sq m of prime land located on the east side of Saadiyat Island valued at AED3.68 billion 1.01 billion. The proposed development which will boost Saadiyat Islands position as a fully developed. The residential cultural and leisure destination will be home to over 15000 people. The integrated community will include most of which are villas with an estimated gross development value of AED15 billion. The acquisition consideration will be paid in kind as the development progresses with construction scheduled to begin in the second half of 2022 over a 4-year development period.The newly acquired plot boasts significant potential with a host of cultural recreational and leisure amenities on Saadiyat Island and the adjacent Yas Island. The plot will be developed into a leading mixed-use development with villas and retail offerings spread throughout a nature-inspired residential community. The developments ample greenery and parks which span almost 1 million sq m will complement the beauty of its mangrove surroundings on Saadiyat Island. Once completed Saadiyat Grove will feature 60000 sq m of retail entertainment and leisure spaces and will have approximately 3000 homes two hotels and co-working spaces for new enterprises and start-ups.