ALDAR to develop new luxury resort and residential development in Abu Dhabi (UAE)

ALDAR Properties PJSC have announced a joint venture with The National Corporation for Tourism and Hotels (NCTH), to develop a premium gated resort and residential development on the two islands located off the tip of the Intercontinental Hotel on the western coast of Abu Dhabi.

The smaller of the two islands known as Coconut Island, is covered with coconut trees and has a natural sand bar surrounded by clear turquoise waters providing an idyllic setting for the resort.

The development will link the two islands to increase the water front and allow for the formation of a lagoon, the central feature of the development.

The architectural design combines Middle Eastern and Eastern-influenced minimalism. The choice of natural building materials will reflect the light and colors of the surrounding landscape, creating a seamless transition between the built and natural environment. It will offer visitors and residents alike an oasis of luxury and lavish urban living.

The 5-star luxury resort comprises 128 guest rooms, two Royal Suites, 10 private villas and 20 Club Suites designed over multiple levels with landscaped terraces. The resort will feature a health and fitness club, a spa, 4 first class restaurants and its own private Marina for VIP guests and hotel excursions.

"Our venture with The National Corporation for Tourism and Hotels demonstrates our commitment to the improvement of Abu Dhabi and is a clear application of our responsibility of contribution to the Emirate," commented Ahmed Al Sayegh, Chairman of ALDAR Properties, on the Joint Venture.

In addition to the resort, the island will feature five-bedroom villas, each with spectacular views of the crystal blue waters of the Gulf, a private swimming pool, outdoor terrace area and separate private and formal entertaining areas. These villas will be offered for sale exclusively to UAE nationals.

"As a founding member of ALDAR, we are delighted to be working together on this innovative project," said Adbulla Khalfan Al Romaithi, Managing Director, NCTH. "Both companies have a vested interest in the future of Abu Dhabi and in developing quality projects that generate greater choice and competition in the market," he concluded.

Alternatively, for those who prefer more sophisticated apartment living, the development will offer state-of-the-art, five-story apartment buildings, designed in four bedroom configurations. Each of the single apartment-per-floor enjoys a private swimming pool adjacent to the outdoor terrace area.

Commenting on the announcement, ALDAR CEO, Ronald Barrott, said, "We are very pleased to be entering into a joint venture with The National Corporation for Tourism and Hotels. Both parties bring a wealth of experience in both the hotel and tourism industries and have an excellent understanding of the Abu Dhabi market."

"Discussions are well underway with one of the world's leading luxury resort operators who will manage the property and we hope to make an announcement very shortly. It is anticipated that the resort will open in 2009," commented ALDAR Senior Project Leader Rami Hreiki.

Source: Buchanan Middle East

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