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Tameer Towers in Abu Dhabi
Tameer Towers Project is located in Abu Dhabi in Al Reem Island (Al Shams) 6 Towers consisting of :
Four Residential Buildings (2-G+30 and 2-G+50stories)
1 Commercial Building (G+73) (300 meters tall)
1 Hotel
Starting from: Studio Size – 603 sqft Price – AED 746 000.00
1 Bedroom Size - 948.50 sqft Price – AED 1.25 Million
Payment Schedule
10% on Booking Date
5% after 3 month
5% after 3 month
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5% after 3 month
30% on Completion
Shams Abu Dhabi, which can be translated into English as 'The Sun of Abu Dhabi' or 'Abu Dhabi's Sun', is a district being developed on Al Reem Island. The estimated AED 25 billion (US$ 6.9 billion) district will occupy 14.2 million square feet (1.32 million square meters) and is intended to house around 100 thousand residents.
Shams Abu Dhabi will have residential living areas that occupy 90% of the project, while the remaining 10% will be used for commercial, recreation and service sectors. It will contain around 22 thousand residential units, and a million square meter (10.8 million square foot) park. The entrance of the development will be marked by The Gate District, an 8-building development, while other developments in the project include the The Sky Tower, the 5 million square foot Tameer Towers, Empire Tower, Oceanscape etc...
Shams is now a declared freehold investment zone with many properties located on the district offering freehold title to purchasers.
Expected Completion Date - In 2011
Real Estate Developer - Sorouh Real Estate
Location - Al Reem Island, Abu Dhabi, United Arab Emirates
Al Reem Island, previously referred to as 'Abu Al Shuoom', 'The Pearl' and 'Emirates Pearl Island', is a master development project, located off the northeastern coast of Abu Dhabi city. The development will be connected to the Abu Dhabi city island by 2 or 3 bridges and ferry transportation and is located 20 minutes from the Abu Dhabi International Airport.
Al Reem Island will cover an area of 633 hectares (68 million square feet) and is being built by 3 master developers - Tamouh Investments owns 60%, Sorouh owns 20% and Al Reem Investments owns the remaining 20% (percentages are approximate). The development will be overseen by an independent third-party facilities management company known as Bunya, who will ensure all the Reem Island developers meet the highest standards of construction. The island is estimated to accommodate 280 thousands residents and will include important amenities like schools, medical clinics, shopping malls, restaurants, hotels, resorts, spas, gardens, and beaches.
About Tameer:
Tameer Holding, the region's leading real estate company, have contracted Gensler to design its leading project "Tameer Towers" in Shams Abu Dhabi, with a deal that values at AED 100 million. Located on Reem Island, "Shams Abu Dhabi" is considered as one of the most magnificent real estate development projects in the nation’s capital.
The signing comes after the strategic alliance between Sorouh Real Estate and Tameer Holding was formed to develop the Abu Dhabi Towers and the Gate District at SHAMS Abu Dhabi. This agreement between these two firms is unprecedented to Abu Dhabi's real estate sector and is the biggest one in the country to date. The total cost of the entire project is expected to reach AED 13 billion ($ 3.5 Billion).
"Gensler is a highly reputable firm and is currently the biggest architectural firm in the world – thus their contribution is sure to add value to this ambitious development and fulfill our strict expectations. Their vast experience will contribute to our expanding portfolio right across the region, including those based here in the UAE." said Mr. Omar Ayesh, President of Tameer Holding. "Today, the country has seen investment flow for its properties come from a large number of international sources. This has fueled the huge realty boom in this region, making it the most attractive location for investments from all over the world."
He added: "We at Tameer are seeking to continually provide the best in design and performance. Our leadership in this field has been made possible due to our pioneering ideas and the willingness to traverse new ground in the investment field that no one had taken before. Gensler will contribute to the artistic merit that we strive to exhibit in all of our leading projects both inside and outside the country, in addition to the functionality of the project whereby it will become the destination of choice for business people and families alike. As usual, we will develop this project on time and according to international standards of construction and design".
Mr. Ayesh further emphasized that the development will feature a design that is based on creativity and innovation on an area of several million sq ft. Situated between the signature location of Central Park and the sea, the spot promises to be the most exquisite and extravagant site on Reem Island.
Speaking of this new development Dr. Abdallah Shaaban, Chief Executive Officer of Tameer Abu Dhabi said, "Tameer Towers are destined to become the recognizable landmark in Abu Dhabi’s fashionable skyline and will be a motif of the style we typically exhibit in the development of our projects, symbolic of Tameer's strict adherence to quality.'
'We highly appreciate this unique partnership that will see the development stand proud as one of the tallest towers on Abu Dhabi's skyline. The project will include a commercial tower, which will be considered one of the tallest worldwide in its class.' said Christopher Johnson, Managing Principal of Gensler. 'The Tameer Towers will be considered 'state-of-the-art' in every aspect of its design and implementation and we are proud to work with such a distinguished firm to help bring this project to completion. '
The project will comprise of several stylish towers including residential towers, an office tower, deluxe hotel and serviced apartments, restaurants, outside cafes and walks, providing a serene and peaceful atmosphere for all to enjoy.
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