Tuesday, May 02, 2006

Dh34b real estate project unveiled in Abu Dhabi :: Gowealthy.com

Dh34b real estate project unveiled in Abu Dhabi :: Gowealthy.com: "Dh34b real estate project unveiled in Abu Dhabi
29-Apr-2006



Downtown Abu Dhabi

Danet Abu Dhabi — a landmark real estate venture, worth Dh34 billion, has been launched in Abu Dhabi to develop 34 multi-storied commercial and residential towers, green areas, hotels, shopping malls and entertainment facilities.

The project has been launched by Al Qudra Real Estate, a company wholly owned by Al Qudra Holding. Located on Airport Road in the heart of the capital, spreading over 210,000 square metres, the complex will comprise 34 towers ranging from 15-23 floors in addition to a four-star hotel that will be accessible for the UAE nationals and GCC nationals. Also on offer will be up-scale residential as well as commercial spaces, a sports centre and a fully equipped social centre.

'Designed to be one of the region's best-planned communities, utilising the best in global practices and leveraging sophisticated metropolitan design, Danet Abu Dhabi is a welcoming oasis enhanced with a futuristic skyline, with gardens, parks, green boulevards, building, cafes, and leisure facilities,' said Engr. Salah Salem bin Omair Al Shamsi, Chairman of the Al Qudra Holding.A mere five minute drive from downtown Abu Dhabi, residents can enjoy umpteen number of leisure and business facilities.

'Parking being one of the major problems that capital's residents suffer daily would be resolved as Danet Abu Dhabi architects have addressed the problem, with all buildings will be having sufficient parking spaces to satisfy residential and commercial requirements,' Al Shamsi told reporters.He said that Danet Abu Dhabi will feature five districts inspired from the different Arabic names for pearls: Jumana, Dorra, Louolou, Giwan, and Gemash. A world class business Holiday Inn Hotel will be built at the posh district.The project which will come up within three years would be the first development outside the investment zones in the emirate and would not be offered to expatriates.Earning over Dh211 million profit during first 11 months of its formation the company is well-established, with assets expanding to Dh1.283 billion.

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