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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 September 24th, 2008, 04:00 PM   #1
DanaCeleste
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#APPROVED: THE HELIX, 2x32F, 120m (Shams Abu Dhabi)





The Helix is located on a prime site on the main arterial road of Abu Dhabi's Al Reem Island, overlooking Central Park and the protected mangrove areas and beach. The two 32-storey residential towers share a common mixed-use 4-storey podium that includes residential townhouses, retail space and parking. In order to maximize the available space, the elliptical towers are placed at opposing angles to help create a dynamic massing from all directions.

Size:
120 metre tall towers, 32-storeys each
4-storey podium
81,000 m2

http://daiuae.com/projects.html

Location: http://wikimapia.org/#lang=en&lat=24...05979&z=19&m=b

Last edited by Gabriel900; July 17th, 2016 at 01:34 PM.
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Old September 24th, 2008, 04:19 PM   #2
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Please dont use this forum for adverts, thank you for posting the infomation.

I suggest quickly reading the forum rules. regards 234sale
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Old October 15th, 2008, 06:03 PM   #3
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Does anybody have more info on these?
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Old October 19th, 2008, 09:54 PM   #4
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Hi yes, actually I own a floor here, what is it that you need to know?
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Old January 14th, 2009, 03:19 AM   #5
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does anyone have a construction update on Helix? or has anyone been able to get a change in payment terms?
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Old September 27th, 2009, 02:31 PM   #6
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Arady passes Helix project and other savings to investors (UAE)



Monday 2 March 2009

Arady PSC, one of the UAE’s leading investment companies focused on real estate, private equity and infrastructure, took a proactive stance by announcing that it will pass on construction savings to its investors, a pledge that is the first of its kind in the UAE.

The Helix
Helix is located on Al Reem Island.
The Helix is located on Al Reem Island in Abu Dhabi and was launched at Cityscape in April 2008. Perched on a single integrated podium, The Helix will consist of two residential towers and has been designed by the world-renowned Toronto-based Zeidler Partnership.

H.E. Sheikh Hamdan Bin Mubarak Al Nahyan, Arady’s Chairman said, “The Board considered the steep cost escalation during 2008 as unsustainable and decided to postpone finalizing agreements with construction companies. This decision has now enabled Arady to benefit from the market changes and demonstrates Arady’s foresight and project management abilities.”

Jassem Saleh Busaibe, Arady’s CEO commented: “We have reduced the price of our Helix project by an average of 20% to ensure that we are acting responsibly towards our investors. The revised payment schedule is also linked to tangible construction milestones as we believe this demonstrates our commitment to delivery. We are very keen to build a relationship with our investors that is based on trust; this is why we have elected to adopt these measures ahead of widely expected legislative changes.”

Source

http://www.europe-re.com/system/main...rticleid=13495


Developer website

www.arady.com/
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