We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Tue 15 Sep 2009 02:09 PM

Font Size

- Aa +

TDIC names contractors for Saadiyat Beach Villas

Al Jaber Building to build 354 villas, while Hilalco contracted to build the infrastructure.

TDIC names contractors for Saadiyat Beach Villas
BEACH VILLA: An artists impression of the homes on Saadiyat Island. (supplied)

Tourism Development & Investment Company (TDIC), the master developer of the Louvre Abu Dhabi, has announced the names of the contractors completing the first phase of work on its Saadiyat Beach Villas project.

Abu Dhabi-based Al Jaber Building will build 354 villas in the development on Saadiyat Island, while Hilalco has been contracted to build the infrastructure, TDIC said in a statement on Tuesday.

The first phase of work comprises three- to six-bedroom villas of varying Mediterranean, Arabian and Contemporary styles.

Some top-end homes will include their own gym, lift, swimming pool and movie theatre, the firm said.

“Despite the current market challenges, construction on Saadiyat Island continues on track, proving its value as a promising and long-term investment for its future residents,” said Lee Tabler, TDIC CEO.

UAE and GCC national investors will be offered homes on a freehold basis with expatriates qualifying for 99-year leases.

TDIC said overall work on Saadiyat Island is progressing at a steady pace with the Saadiyat bridge and expressway, the Gary Player designed Saadiyat Beach Golf Course and the Saadiyat Experience Centre (Manarat Al Saadiyat), due to open soon.

Arabian Business: why we're going behind a paywall

For all the latest construction 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.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.
syed munnum pirzada 8 years ago

Saadiyat island is slated to become one of the most sought after addresses in the G.C.C
With it's world class museums and art and culture centers Saadiyat will become the real pearl of the arabian peninsula.