UAE-based Tourism Development & Investment Company (TDIC) has awarded the main construction contract for its first residential development within the Saadiyat Cultural District in Abu Dhabi.
A joint venture between San Jose Contracting and Pivot Engineering & General Contracting won the Dh1.25 billion ($340 million) deal for Mamsha Al Saadiyat, a 1.4-km beachfront mixed-use project, reported the Gulf News.
The project, scheduled to be delivered in the second half of 2018, offers a range of one- to 4-bedroom apartments, as well as limited lofts and townhouses.
Set on a prime beachfront property on Saadiyat Cultural District, the residences are within walking distance of Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi, as well as The District retail destination, it stated.
Work on the development’s foundation has been completed by Nael & Bin Harmal Hydroexport (NBHH), and included excavation, shoring, dewatering and piling works.
Mamsha Al Saadiyat will offer residents a luxurious beach-inspired lifestyle as well as easy access to diverse retail, dining and entertainment features; minutes from the heart of Abu Dhabi’s future cultural hub, featuring three world-class museums designed by Pritzker Prize-winning architects: Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi.
The development will feature nine low-rise residential buildings with 461 units, of which 414 are apartments ranging from one- to four-bedroom apartments as well as five-bedroom duplex penthouses and 47 town houses.
The first residences to be launched in the Saadiyat Cultural District, it is perfectly positioned to become a vibrant, cosmopolitan and inspirational address amongst Abu Dhabi’s social scene.
It promises to be a first-of-its-kind beachfront residential and retail destination on Saadiyat Cultural District.
TDIC awards $340m Abu Dhabi residential project contract
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