Elite to build Dh1.5b project in Abu Dhabi

Abu Dhabi: The Abu Dhabi-based real estate company, Elite Holding, will develop the Royal Complex, a Dh1.5 billion mixed-used project in Abu Dhabi, a company official said yesterday.

The National Bank Abu Dhabi (NBAD) will finance the project with Dh750 million during 15 years, both of the developers and the financers gave no details about the loan.

Ahmad Mohammad Al Romaithi, chief executive of Elite, said that his company will develop a Dh2 billion tourist project in Morocco and enter a final negotiations to establish a similar project in Egypt.

Located next to the five star Rotana Beach Resort Hotel and Abu Dhabi mall, the Royal Complex consists of an office tower of 26 storeys, 2 towers of 21 storey with 221 serviced apartments and a residential tower of 23 storeys with 73 units.

The project has also a three storey podium and four levels of basement car park. With a construction area of 203,607 square metres, the project will take 36 months, and it is scheduled to complete in December 2009.

The project will be jointly developed by Elite and the landowners Abdullah and Abdul Rahim Al Syed Al Hashemi, along with a Singaporean company Surbana, which will be the main consultant.

Abdullah Al Hashemi said that project will not affected by two rivals projects that will be located in the same area.

"There is a lack of hotels in the emirate. Abu Dhabi needs a number of hotels, malls, residential and tourist projects. Also, Etihad Airways is aggressively expanding and will bring huge numbers of visitors every year, which will boost demand."

Hey,

I wonder if some one could help me, I am looking for a picture (compressed) of the future Roayl Complex Development in the TCA Abu Dhabi,
I have searched Elite Holdings they don't seem to have a website nor do any other sites discussing this project have pictures.

I visited the site recently and took a picture, but I a little technology dinasour and don't know how to compress the file so I can utilise it for my needs.

I have report on Abu Dhabi projects that has to be in by the end of the day tomorrow, if any one can help or send/post a picture that would be fantastic.

Please attach the picture to the post or reply with your comments how to compress a photo if you can.

I will come on line sunday morning to access any movements.
Thanks for your help.
S:ohno: :ohno:

Elite to build Dh1.5b project in Abu Dhabi

Abu Dhabi: The Abu Dhabi-based real estate company, Elite Holding, will develop the Royal Complex, a Dh1.5 billion mixed-used project in Abu Dhabi, a company official said yesterday.

The National Bank Abu Dhabi (NBAD) will finance the project with Dh750 million during 15 years, both of the developers and the financers gave no details about the loan.

Ahmad Mohammad Al Romaithi, chief executive of Elite, said that his company will develop a Dh2 billion tourist project in Morocco and enter a final negotiations to establish a similar project in Egypt.

Located next to the five star Rotana Beach Resort Hotel and Abu Dhabi mall, the Royal Complex consists of an office tower of 26 storeys, 2 towers of 21 storey with 221 serviced apartments and a residential tower of 23 storeys with 73 units.

The project has also a three storey podium and four levels of basement car park. With a construction area of 203,607 square metres, the project will take 36 months, and it is scheduled to complete in December 2009.

The project will be jointly developed by Elite and the landowners Abdullah and Abdul Rahim Al Syed Al Hashemi, along with a Singaporean company Surbana, which will be the main consultant.

Abdullah Al Hashemi said that project will not affected by two rivals projects that will be located in the same area.

"There is a lack of hotels in the emirate. Abu Dhabi needs a number of hotels, malls, residential and tourist projects. Also, Etihad Airways is aggressively expanding and will bring huge numbers of visitors every year, which will boost demand."

Does anyone have photos,renders or any further news regarding this development, I'm stopping at the Beach Rotana in July in one of the suites. :)

Is this coming in the Tourist Club area or on the other side??

this one is right next to the abu dhabi mall after the beach hotel (towards navy gate)

models up in Marina Mall (under Hydra name)

all towers very different which may not work but taken on their own the designs are impressive

these are well under construction

http://img401.imageshack.us/img401/5431/dscn2038fq4.th.jpg (http://img401.imageshack.us/my.php?image=dscn2038fq4.jpg)

http://img141.imageshack.us/img141/8931/dscn2039xh9.th.jpg (http://img141.imageshack.us/my.php?image=dscn2039xh9.jpg)

http://img291.imageshack.us/img291/147/dscn2037an5.jpg (http://imageshack.us)

but i think this project was canceled before 6 months... can anyone confirm

but i think this project was canceled before 6 months... can anyone confirm


If that is the case I guess the land may be required for an additional access bridge to Reem/Suwwah Islands to link up with the Abu Dhabi street grid.

The recent Cleveland Hospital ground breaking on Suwwah Island was accessed from next to that site. Lots of flags and signposts you know the type of thing.

^^ still the sign board can be seen from the main street... I don't think it was cancelled

This was put on hold two years ago today.
http://www.gulftraffic.com/Images/PDF/Al%20Reem%20bridge%20halts%20Royal%20Complex%20work.pdf

Personally I think its cancelled, the site is used for parking, and you can see that the bridge goes straight thought the site.
There's no way this is going ahead. Unless someone knows something else I think we can safely move this to cancelled.

http://g.imagehost.org/dl/45e9e18f5b53b9edd1c0e7b7c0bbf588/0318/IMG_0413.jpg
Bottom right.

This is from the website http://www.gulftraffic.com/Images/PD...lex%20work.pdf


Reem bridge halts Royal Complex work

by Monika Grzesik on Saturday, 07 July 2007




Depending on the location of a new site, the development may have to be redesigned.
Abu Dhabi-based developer, Elite Holding, has been forced to stop construction on its
US $408.4 million (AED1.5 billion) Royal Complex to make way for a new bridge
planned by Abu Dhabi Municipality.

The bridge - connecting Abu Dhabi Island with Al Reem Island - forms part of the
government's recently introduced urban development plan, which involves plans for
coordinated transport networks, public amenities and other infrastructure development.
Piling was already underway on the Royal Complex, a mixed-use project consisting of a
26-storey office tower, a 23-storey residential tower and two 21-storey towers for
serviced apartments. The piling contractor was Germany's Bauer.

Located next to the Beach Rotana Resort Hotel, the development was scheduled for
completion in December 2009.
But it now faces major delays as the developer agrees on a new location, which could
lead to design changes.

"We are still waiting for the green light to go ahead with the new location wherever it
may be," said a spokesperson from Elite Holding, who asked to remain unnamed.
"We would certainly be looking for the best choice which fits with our original
conceptual design. It depends on the plot of land and the substitute location. If the design
fits in with the place it would be great, otherwise we will have to redesign [the project]."
Hanna Botros from the project's local consultant, Al Meedan, said that construction was
unlikely to resume on the development for another six months to one year.
"If the land size changes, the project may have to change completely. It is up to the
authorities," said Botros.

"It will take months, because it takes time to decide where the new land will be. And it
could take six months or a year to get another approval for the new project, because we
have to review it again with the municipality."

Al Meedan could not confirm if it would be involved in the new project.
The main consultant on the development was Singapore-based Surbana.
The spokesperson from Elite Holdings added that despite the delays, all parties involved
will be fairly compensated by Abu Dhabi government, and a number of alternative sites
have been offered.

"The Abu Dhabi government is very fair. Everything was taken into consideration. The
government has also been generous in proposing other alternatives - it didn't just give one
choice and say ‘take or leave it'. Everyone involved has presented their claim, which is
under review."

Although no new location has been confirmed, Elite Holding has said that a site on Al
Reem Island has been suggested.

Abu Dhabi Municipality was unavailable for comment.