By Andy Sambidge
Abu Dhabi's TDIC offers land for luxury homes overlooking Gary Player-designed golf course
Abu Dhabi's Tourism Development and Investment Company (TDIC) is offering land plots for luxury homes on Saadiyat Island, with prices starting at AED8m ($2.17m).
The master developer of major tourism, cultural and residential destinations said it has announced a limited number of land plots for sale on the island.
The land plots, which make up the Saadiyat Beach Golf Views, are situated in the heart of the Saadiyat Beach Golf Course - the Arabian Gulf's first beachfront championship course designed by golfing legend Gary Player.
Surrounded by Saadiyat's high-end residential community, comprising The Residences at The St. Regis Saadiyat Island Resort and Saadiyat Beach Villas, the Views will consist of 29 villas in one of Abu Dhabi's most prestigious addresses.
The land plots range in size between 2,100 sq m and 5,100 sq m, while pricing starts from about AED8m.
TDIC said it has set specific guidelines for potential homeowners to abide by, such as a three-year duration to complete the construction of the property from the initial date of purchase.
Buyers have the option to choose their own architectural firms and interior designers, or assign TDIC to develop their properties.
Ahmed Al Fahim, executive director of marketing, communications, sales and leasing at TDIC, said: "Following the incredible success of residents who have made Saadiyat their new home as well as the increasing demand from prospective homeowners who wish to build their own dream home in an exceptional way on the island, we felt the need to offer land plots for sales in a most exclusive setting.
"We expect there will be immediate demand on these land plots and we have introduced incentives to lure in an ideal calibre of distinguished end-users who wholeheartedly want to make this privileged community their home."
In November 2011, TDIC opened the St Regis Saadiyat Island Resort, Abu Dhabi while Park Hyatt Abu Dhabi Hotel and Villas, developed by Abu Dhabi National Hotels company (ADNH), have also opened.
The $27bn Saadiyat Island is also set to have local branches of New York University and the Louvre and Guggenheim Museums, among other prominent projects.