Aldar launches sales of luxury Reem Island penthouses

Developer says it has released 21 duplex penthouses at Gate Towers; sees 'significant demand' for project
Aldar launches sales of luxury Reem Island penthouses
Aldars headquarters in Abu Dhabi. (Bloomberg)
By Andy Sambidge
Sat 26 Apr 2014 10:24 AM

Developer Aldar Properties has launched the sale of 21 exclusive duplex penthouse apartments at Gate Towers, the Penthouse Collection, in Shams Abu Dhabi on Al Reem Island.

The 21 duplex penthouses, launched for sale at the Cityscape Abu Dhabi event this week, are located in a curved sky-bridge spanning approximately 300 metres across three towers at the iconic development in the UAE capital.

Mohammed Al Mubarak, deputy CEO of Aldar Properties, said: "The Penthouse Collection at Gate Towers is another strong example of the type of quality developments that Aldar is delivering to market within mixed-use communities such as Shams Abu Dhabi.

"Gate Towers is already experiencing significant demand with sales and leasing for the development and we expect to see extremely high demand for this unique sales offering."

Gurjit Singh, chief development officer, added: "The penthouse apartments are a unique investment proposition in Abu Dhabi. Shams Abu Dhabi is in a prime location that benefits from being next to the business district of Al Marayah Island, Repton School, as well as retail amenities such as Boutik Sun and Sky."

Each penthouse features a private indoor pool overlooking the city as well as the finest interior specifications and contemporary interiors, the sjtatement said, adding that The Gate development also benefits from amenities such as swimming pools, playgrounds, tennis courts and Boutik Gate, a community shopping mall.

In addition to Aldar's developments and facilities in Shams Abu Dhabi on Reem Island, there are a total of 98 different sub-developments planned on Shams Abu Dhabi.

Eight of these have been completed, another eight are either already under construction or will commence construction in 2014-2015, and 61 have designs which have either been approved by Aldar or are currently under review.

For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Last Updated: Thu 26 Jan 2017 01:27 PM GST

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.