Abu Dhabi will soon add two new exciting residential and hotel developments, developed by National Corporation for Tourism & Hotels (NCT&H), following signed approval by chairman Sheikh Hamdan bin Mubarak Al Nahyan.
These developments respond to the increasing market demand for corporate and leisure tourism offerings and correspond to the emirate’s plans of Ghadan 2021 and Abu Dhabi 2030.
Sheikh Hamdan said: “I strongly believe in the Abu Dhabi and UAE economy. The community and tourism development is a key aspiration of the UAE and Abu Dhabi Governments and these residential and leisure projects will respond to both local and international market demands. Thus, NCT&H continues to deliver the UAE’s vision of a happy, confident and efficient society by ways of modern infrastructure.”
The developments are part of NCT&H’s three-year goal to expand its hotel and resort propositions in Abu Dhabi.
The first development, Capital Views, is situated in the new Abu Dhabi National Exhibition Centre (Adnec) area, and will be a modern, urban and mixed-use project, with an estimated budget investment cost (including land) of Dh700 million. The project is a joint venture between NCT&H and SinoGulf and will be ready in the last quarter of 2021. It will comprise of one-, two-, and three-bedroom residences under the larger umbrella of 319 residential apartments, alongside 323 serviced apartments.
The second development, Intercontinental Grand Marina Residences” situated in Al Bateen, will offer luxury serviced apartments ranging from studios to three-bedrooms, totalling 130 hotel apartments, with beautiful sea views, an exclusive private beach and within short walking distance to the marina. With an estimated budget investment cost of Dh400 million and the ongoing construction on-site, the project is due to open in the beginning of 2021.
In both developments, residents and guests will have full access to complex facilities including all-day dining restaurants, pool and gym. NCT&H will start its Ritz-Carlton Saadiyat Island project by end of this year or by early 2020.