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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 14th, 2008, 08:35 AM   #1
bizzybonita
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#APPROVED: OCEAN PEARL TOWER , 30F Res ( CITY OF LIGHTS)



Ocean Pearl is located in a prime location in the City of Lights area on Al Reem Island in Abu Dhabi. It is directly on the waterfront facing the lake and marina with immediate beach access. The plot number is RT-3-C48

The residential tower comprises 2 basement parking levels,ground floor retail, 4 podium levels, 30 levels of apartments plus a mechanical services level. Each floor has 8 x 1 bed and 2x 2bed spacious and well appointed apartments. The excellent tower facilities include; 24 hour security and maintenance, pool, gymnasium, jacuzzi and spa, high speed internet connection and landscaped gardens.

Ocean Pearl is highly recommended to both investors and end users.


[IMG]http://i38.************/2cz6548.jpg[/IMG]

Location: http://wikimapia.org/#lang=en&lat=24...02111&z=19&m=b
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Old July 14th, 2008, 11:39 AM   #2
kay jay
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Any idea of Developer ?

Is it FGB?

Possible release date?

Any further info appreciated.

KJ.
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Old July 14th, 2008, 11:09 PM   #3
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Abu Dhabi: Dubai-based real estate developer Unique Group has launched two projects with a combined development cost of Dh1.06 billion on Abu Dhabi's Reem Island, its owner and managing director said on Sunday.

Shabbir Hussain told Gulf News that the construction on the projects, one residential and the other mixed-use, will start by the end of August with completion targeted for December 2010.

"The proposed debt-to-equity ratio for both projects is 50:50," Hussain said.

Marina Pearl, the mix-use project at Najmat, will have a development cost of Dh588 million, while Ocean Pearl, the residential project at the City of Light, will be developed at a cost of Dh478 million, Hussain said.

Reem Developers is the master developer for Najmat, while for the City of Light, Tamouh is the master developer.

"The selling price ranges between Dh2,000 to Dh2,500 per square feet, for both the projects," said Hussain. "There will be one-, two- and three-bedroom apartments with sizes ranging from 805 square feet to 2,600 square feet," he added.

Hussain said the National Engineering Bureau is the projects' consultants.

Asked why Unique chose Abu Dhabi to launch its first real estate venture, Hussain said: "There's room for substantial growth in Abu Dhabi. Property prices in Abu Dhabi are attractively-valued and there's a lot of scope for appreciation on the Reem Island, given its strategic location to the main city.

"For Ocean Pearl, we have a corner plot facing the sea with water on three sides, while for Marina Pearl, it's a corner plot facing the Marina with water on two sides and attached to a hotel."
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