Aldar plans 1 million square foot park on Reem Island
Aldar Properties plans to develop a Dh250 million, 1,000,000 square foot public park on Reem Island. The park will be completed in 2018.
Abu Dhabi’s largest listed property developer said on Tuesday that the multi-tiered park will include a 4-kilometre promenade, a 2,000-worshipper capacity mosque, food and beverage outlets, a retail centre, a skate park, play areas and interactive water features.
Aldar will also allocate a dedicated space in the park’s retail area for Emirati-owned small businesses.
“This park fits well within our strategy to create dynamic, amenity-driven lifestyle destinations across our landbank in Abu Dhabi,” said Mohamed Al Mubarak, Aldar’s chief executive.
On Monday, Aldar said that it plans to build 1,272 homes on Reem Island, with prices for studio apartments starting at Dh450,000. It has launched units for sale at Cityscape Abu Dhabi, which opened on Tuesday. It is Aldar’s second mid-market project after Shams Meera, on which construction started last year.
Follow The National’s Business section on Twitter