#PROJECT: REEM ISLAND

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Originally Posted by Parisian Girl

http://www.thenational.ae/business/p...-for-abu-dhabi

Desperate or what

[omarpalmdubai]

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Sun & Sky Towers and Gate Towers



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The Gate Towers



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[Parisian Girl]

by CW Staff on July 17, 2011

UAE’s RAK Properties has commenced the handover of RAK Tower in Abu Dhabi, the developer behind the project said in a statement on Saturday.

The 43-storey RAK Tower, is one of the first projects to be completed on Al Reem Island. RAK Tower is located at Marina Square, on the northern shore of Island. The project, whose delivery has started on June 27, consists of 212 residential apartments.

http://www.constructionweekonline.co...eveloper-says/

[Parisian Girl]

Jen Thomas | July 21, 2011


The development, a four-building project that is part of the Shams Abu Dhabi development, includes residential and commercial space and a five-star hotel. Ravindranath K / The National

ABU DHABI // More than 400 employees on a Reem Island construction site have stopped work on a Dh7billion development nearly three months after they were last paid their monthly salary.

The labourers began the strike on Monday, stalling work on the Tameer Towers project on the 6.5million square-metre island.

http://www.thenational.ae/news/uae-n...island-project

[Parisian Girl]

Kevin Brass | July 29, 2011

In a major turnaround in fortunes, Sorouh Real Estate, Abu Dhabi's second-largest developer, reported a fivefold increase in profits in the second quarter yesterday.

The results were in large part due to the first handovers of the company's apartments on Reem Island.

http://www.thenational.ae/business/p...reem-handovers

[AndrewMavis]

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[Eli_D99]

Epic.

[Parisian Girl]

Jennifer Thomas | Aug 6, 2011

ABU DHABI // Fifty workers fired from a Reem Island construction project say they cannot leave the country until the contractor pays them end-of-service benefits and back salary they are owed.

http://www.thenational.ae/news/uae-n...legal-catch-22

[Parisian Girl]

The marina at Najmat, Reem Island will have 167 berths and a 3km-long walkway from the Promenade to Canal Walk.

by CW Staff on Sep 12, 2011

A contract to construct a marina promenade and beach park at Najmat, the $272m, 165ha development on the southern shore of Reem Island in Abu Dhabi, has been awarded to Gulf Dunes Landscaping & Agricultural Services by Reem Investments.

The contract includes construction of a 1km-long promenade, a green amphitheatre lined with trees and shrubs not usually seen in the UAE, and a white sand beach. Work will begin immediately, with completion by Q1 2012.

http://www.constructionweekonline.co...nfrastructure/

[Franks Mum]

Hi everyone,

I'm new to this forum and I have joined as I am desperately seeking some information on the Creek Towers Project on Al Reem Island. This is a project that is being developed by Long Coast Real Estate Management LLP. I have invested in the project but I am struggling to get any updates on the project from the developers. Any information on the progress of the construction would be great. Has it actually started? I was told that there was a problem with the infrastructure. Has this been resolved? If it has started, what level is it up to? Any advice will be appreciated.

Thanks

[I Know]

Seems like its the new buzz word, Low cost housing as Tamouh sets sights on affordable housing project on Al Reem Island

Having secured its credentials as a developer of upscale high-rise blocks, Abu Dhabi's Tamouh is setting its sights slightly lower… literally.
Some time early next year, the company expects to have the approved blueprint in place to create an affordable — or social — housing project on Al Reem Island.
Tamouh's involvement in the initiative — which is mandated by Abu Dhabi's Urban Planning Council — would create 5,000 to 7,000 housing units in the initial phase.
As per the UPC requirements, Abu Dhabi's other heavyweight developers would have to come up with their own programmes in the affordable housing space.

It also underscores the Abu Dhabi authorities' emphasis on a twin-track development initiative that would create future housing capacity for residents across all income categories.

Construction designs

"We have already allotted plots, submitted detailed construction designs for our affordable houses," said Joe Ong, managing director.
"The nature of the development is such we will have to work closely with the government on this. For instance, while we would like to sell the units, the market sentiment is low and that's why it would be better if we have the support of the government agencies."

On whether Al Reem Island — known more for its swanky high-rises — was the only option to locate the affordable housing, Ong said: "There are no more open spaces available on the main island and none between the central business districts. At the same time, it does not make sense to develop an affordable housing programme too far away from the city either, at least in the short term."

"The need is for a more central location to meet the housing needs of the thousands of staff that will be created through the new hospitals, the schools and the financial district on Sowwah Island. There's no way all of them can be accommodated on the main island," he said.
"That leaves Al Reem Island where we already have an infrastructure that will not just meet the needs of the present but even ten years from now. Even more I will say."
For sure, two more bridges will now head into Al Reem Island — whose overall development is helmed by Sourouh, Reem Investments and Tamouh — from the mainland through Sowwah. Four bridges are already connected.

While the launch of the social housing project is in the near future, Tamouh has lots going on even now. The handover of the 14 high-rises making up the Marina Square on Al Reem Island is progressing well.
"Six are complete and handed over; we have over 100 families who have moved in and expect another 100 to do so in the coming weeks," said Ong.
"Eventually we are looking at around 3,500 families in the 14 towers. We are not only the developer but the master community manager as well. While there is a facilities management company that residents can deal with, it's not possible to right away hand over everything and say it's their responsibility," he said.
"Property owners need time to start talking to the new company. Until a year or two from now and they are finally happy with everything, this situation will continue. In the first year, they will spell Tamouh even in their dreams. That's normal and we are prepared for that."
While Tamouh is the developer, the high-rises are owned by institutional clients, mostly from the financial services industry, who did the actual selling of the apartments.
While Marina Square enters the home stretch, Tamouh has a similar development in the form of the 11-high-rise City of Light cluster, again on Al Reem Island.
"We are committed to making the deliveries from late 2013 through the early part of 2014," Ong said.

A perfect suburb

Nothing completes a residential community than having shops around. And even a cinema.
Tamouh will be delivering just that at Marina Square through a dedicated mall which will have 35,000 square feet of gross leasable area. Geant has signed up to be the supermarket operator at the facility, which will also have six cinemas.
"The mall opening is likely by June next," said John Ong, Tamouh's managing director. "The leasing progamme has started and we are looking at the proposals."

Tamouh's subsidiary Paragon is doing the leasing and will be responsible for the management of the mall once it opens.
http://gulfnews.com/business/propert...sland-1.936979

[Parisian Girl]

http://www.constructionweekonline.com/in-pictures/ © 2011 ITP Business Publishing Ltd.

[Parisian Girl]

Site visit: Marina Bay, Abu Dhabi http://www.constructionweekonline.co...bay-abu-dhabi/

[Parisian Girl]

Jen Thomas | Dec 20, 2011

ABU DHABI // Investors in the stalled Tameer Towers development will go to court this month to try to reclaim the money they sank into the Reem Island project.

Legal action will be taken after the official completion date for the development passes.

http://www.thenational.ae/news/uae-n...island-project

[scotchyl]

Anyone noticed that the bridge from Tourist Club to Marina Square is now open (on at the end of 9th street) only 1 lane i hear but would be ace if it was. anyone know for sure. will check tonight.

[Parisian Girl]

by Hannah-Farah Abdulla on Jan 8, 2012

Relationships are what have built the tallest towers in Abu Dhabi, says Brian Murphy, manager services, Khidmah.

Following a competitive tendering process, Khidmah secured the contract for property and facilities management of the 74 storey Sky Tower and 65 storey Sun Tower in late 2009.

It has since become the first to be officially handed over on Reem Island and to have occupancy. The award winning towers, located within the Shams Gate District are also among the first in the capital to be Strata based.

http://www.constructionweekonline.co...ltitude-fever/

[isicman]

Originally Posted by scotchyl

Anyone noticed that the bridge from Tourist Club to Marina Square is now open (on at the end of 9th street) only 1 lane i hear but would be ace if it was. anyone know for sure. will check tonight.

It opened on 17th January. It is 2 lanes, but one way only, from Abu Dhabi center to Al Reem island. No coming back.

[Easyaussie]

does anyone have any information on the Al Seef and AL Sharq towers. I invested in an apartment in both but have been trying to get answers from both Dar Al Dhabi and also Pure Real estate but nothing for over 2 yrs and I dont know what is going on? Help anyone

[isicman]

Overall view, with Sun&Sky towers, The Gate, ...

[Easyaussie]

Bump