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Al Reem Island A natural island off the coast of Abu Dhabi island being developed by Sorouh (Shams Abu Dhabi), Reem Investments, and Tamouh



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Old July 2nd, 2008, 04:26 PM   #1
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#APPROVED: MORINA TOWER , 29F Res (Shams Abu Dhabi)

Morina Residences meet record sales



First Dubai Real Estate Development Company has reported record sales on its first launch of residential units at Morina Residential Tower, situated near the Gate of Shams Abu Dhabi on Al Reem Island.


The Vice President - Sales and Marketing, Abudul Rahman Al Kandari was quoted as saying that about 25 percent of the project has been sold generating revenue of Dh.136m, as per the marketing plans, while the total value of the project is Dh.400m. The Company has agreed to resume sales even during the construction process, so as to study the price trends in Abu Dhabi market and to take advantage of the current boom.


The project, as of now, is progressing on schedule. Excavation, piling and construction has begun. This distinguished residential project is one of the most important ones in the Abu Dhabi portfolio.


Comprising 29 storeys, the tower covers an area of 63.572 sq. ft., offering exclusive executive homes with stunning canal views, amidst mangrove trees, ample green space and leisure amenities.


According to Al Kandari the strategic location of the tower in proximity of main amenities at Shams Abu Dhabi, public transport network, and water taxis, has added to value of Morina Residences.


The residences are a wide choice of single, double and triple bedrooms, ranging from executive houses to one or two level duplex and exquisite homes of high design and quality. The units are well-equipped with all necessary home appliances with each flat owning a balcony or more. The towers include 24 hour concierge facility, swimming pools, fitness center, club, childrenā€™s play area, information center, reception hall, terrace, parking spaces and more.


Al Kandari assured that the company will work towards offering the best quality at Morina Residential Tower, introducing state-of-the-art project, with the same quality of amenities as the recently completed Sky Gardens residential project at DIFC.
First Dubai Real Estate Development Company has reported record sales on its first launch of residential units at Morina Residential Tower, situated near the Gate of Shams Abu Dhabi on Al Reem Island.


The Vice President - Sales and Marketing, Abudul Rahman Al Kandari was quoted as saying that about 25 percent of the project has been sold generating revenue of Dh.136m, as per the marketing plans, while the total value of the project is Dh.400m. The Company has agreed to resume sales even during the construction process, so as to study the price trends in Abu Dhabi market and to take advantage of the current boom.


The project, as of now, is progressing on schedule. Excavation, piling and construction has begun. This distinguished residential project is one of the most important ones in the Abu Dhabi portfolio.


Comprising 29 storeys, the tower covers an area of 63.572 sq. ft., offering exclusive executive homes with stunning canal views, amidst mangrove trees, ample green space and leisure amenities.


According to Al Kandari the strategic location of the tower in proximity of main amenities at Shams Abu Dhabi, public transport network, and water taxis, has added to value of Morina Residences.


The residences are a wide choice of single, double and triple bedrooms, ranging from executive houses to one or two level duplex and exquisite homes of high design and quality. The units are well-equipped with all necessary home appliances with each flat owning a balcony or more. The towers include 24 hour concierge facility, swimming pools, fitness center, club, childrenā€™s play area, information center, reception hall, terrace, parking spaces and more.

Al Kandari assured that the company will work towards offering the best quality at Morina Residential Tower, introducing state-of-the-art project, with the same quality of amenities as the recently completed Sky Gardens residential project at DIFC.

Developer website: http://1stdubai.com/

Location: http://wikimapia.org/#lang=en&lat=24...09468&z=18&m=b
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Old July 5th, 2008, 09:41 AM   #2
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What is the price per sqft and what is payment plan?

What is the price per sqft and what is payment plan?
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Old August 21st, 2008, 08:19 PM   #3
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The Offical Website http://morinaresidence.com/
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Old August 22nd, 2008, 07:52 PM   #4
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wow! xD

hi people im victor, i come from other forum, im visiting this one, and i got to say the UAE has so much cool projects!, i lost the count already, lol :D
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Old October 2nd, 2008, 03:20 PM   #5
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Does anyone know on which plot is this?
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Old October 28th, 2008, 02:11 AM   #6
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Q Construction awarded Morina Phase II contract





Work on the Dh304m-Phase II will be completed in 18 months. (SUPPLIED)


on Tuesday, October 28, 2008

Q Construction has won the contract for the construction of the second phase of the Morina Residence project on Al Reem Island.

Following the award of the Dh304million contract, the company has already started construction. And work is expected to be complete in 18 months.

According to First Dubai Real Estate Development, a subsidiary of Al Mazaya Holding that is developing the property, the contract for the second phase was awarded following a competitive bid among several top contractors.

Abdurahman Al Kundari, Vice-President for Marketing and Sales at First Dubai said: "With this contract, the Morina Residence project is entering a new stage, which is scheduled to fit the overriding style of the Shams Abu Dhabi Development. We use the best available technology and are committed to upholding the highest of standards on each of our projects."

The Morina Residence project, valued at Dh420m, is a residential tower comprising 29 storeys and spread over 63.572sqft.

Al Mazaya Real Estate Development, listed on the Kuwait Stock Exchange and Dubai Financial Market, has several projects in the UAE including The Villa, Dubai Healthcare City, The Icon (1 and 2) and Sky Gardens.

http://business24-7.ae/Articles/2008...f79bd3f06.aspx
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Old May 10th, 2012, 11:05 AM   #7
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Thanks for info :)

Quote:
Originally Posted by isicman View Post
Morina Residence on plot S5-C12 (behind Mangrove place)
Half broken site board:


and empty plot of land:
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