Revealed: Aldar to build $2.18bn Saadiyat Grove mega project
Abu Dhabi Executive Office chairman launches new community located in the heart of the Cultural District on Saadiyat Island
Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, chairman of the Abu Dhabi Executive Office, on Monday launched Saadiyat Grove, an AED8 billion ($2.18 billion) community located in the heart of the Cultural District on Saadiyat Island, to be developed by Aldar Properties.
Saadiyat Grove will feature 60,000 square metres of experiential retail, entertainment, and leisure space designed to create an inclusive community, as well as 3,706 residential units, 170 of which will be branded residential units.
There will also be a selection of hotels, and co-working spaces designed to support new enterprises and start-ups, and to promote a culture of entrepreneurship, state news agency WAM reported.
Phase one of Saadiyat Grove will include 606 residential units and around 200 retail units, supported by a range of amenities such as gyms, pools, kids play areas, community gardens and a running track that will connect the whole project.
Saadiyat Grove will be developed in phases, with phase 1 handover commencing 2022, WAM added.
Sheikh Khalid viewed the designs and the master plan of the 242,000 square metre development, accompanied by Mohamed Khalifa Al Mubarak, chairman of Aldar Properties, and Talal Al Dhiyebi, Aldar’s CEO.
Sheikh Khalid also received an update on progress achieved on phase one of the development, which includes the completion of all design works and the awarding of the first construction contract.
Saadiyat Island is already home to Louvre Abu Dhabi, Manarat Saadiyat, five luxury beach resorts, and educational institutes including NYU Abu Dhabi and Cranleigh School.
Al Mubarak said: "Saadiyat Grove is set to transform the urban landscape of Abu Dhabi. The project is of strategic importance for the capital at both the cultural and social levels. Saadiyat Grove embodies our leadership’s future vision of how people can live, work and enjoy everyday life in the city, reflecting the diverse social and cultural fabric of the emirate."
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