Al Fahid Property Development has launched the sales of phase one of its Al Marsa waterfront project in Abu Dhabi.
Featuring 301 villas and nine apartment buildings, Phase One of the project is due for completion during the third quarter of 2023.
Saeed Eid Al Ghafli, chairman of Al Fahid Property Development, said: “The Al Fahid development will go a long way in attracting investments to the UAE capital…The project will support key drivers of the Abu Dhabi Economic Vision 2030 including the development of premium infrastructure assets, economic diversification, investment facilitation, and environmental sustainability while boosting happiness levels among the community.”
Located next to Yas Island, on the Sheikh Khalifa Highway, Al Marsa covers an area of 1.1 million square meters. The project is scheduled for handover in two stages. Covering an area of 464,000 square meters, stage one features 301 four- to seven-bedroom villas, ranging in size from 4,600 to 17,000 sq ft.
Stage two includes nine apartment buildings overlooking the marina, with five towers in the middle, flanked by two on each side. Together, the buildings will boast 671 one- to four-bedroom apartments, including 15 townhouses. Moreover, stage two will feature over 85 berths and a marina with 88,000 sq ft of retail and food and beverage space.
Once completed, the entire development will accommodate 11,000 residents across its five phases which cover 3.2 million square meters.