By Andy Sambidge
Phase 2 of Abu Dhabi scheme set for reveal at real estate, investment show.
Phase two of a luxury mixed use development in Abu Dhabi which includes a 20,000-seater sports stadium will go on show for the first time later this month.
Baniyas Investment and Development Company (BID) – the investment arm of Bani Yas Sports Club - will showcase the next stage of its Bawabat Al Sharq project at the Abu Dhabi Real Estate and Investment Show 2009 (IREIS).
BID's scheme will offer a mix of residential, retail, entertainment and sporting facilities.
These include a choice of private international schools, state-of-the-art medical centre, health club, specialty training clubs and a major sports stadium built to FIFA standards.
In addition, the development includes a two-level shopping mall showcasing world-class stores and a four-screen multiplex.
Bawabat Al Sharq’s premium villas and apartments spread across Phase 1 and 2 will be showcased and made available for sale and lease during IREIS 2009, which is scheduled to run from January 27-29.
Jawan Alkhaily, chairman, BID, said: “Bawabat Al Sharq is designed to create an unparalleled attraction that sets a new benchmark in the residential and retail landscape.
"We launched Phase 1 last year and recorded excellent feedback with nearly 90% already sold and leased. The main attraction within Phase 2 includes a FIFA-standard football stadium with a seating capacity for over 20,000 spectators.”
BID, which was established in 2005 as a majority owned subsidiary of Bani Yas Sports Club, is the investment and development arm of the Bani Yas Club with its main activities focusing on investment, development and management of real estate projects.