Reem Developers, the real estate development arm of the UAE-based group Reem Investments, has awarded the Abu Dhabi-based contractor National Projects and Construction a contract for completing the infrastructure works of the third phase of Najmat on Reem Islands, Abu Dhabi. The value and the completion date of the contract are yet to be disclosed.
Spanning more than 148 hectares of land, Najmat is a fully integrated mixed-use seafront master development that will offer its residents spectacular views of both Abu Dhabi and the gulf waters. The project is situated on Abu Dhabi’s Airport Road and within the vicinity of the vital destinations and locations of Abu Dhabi.
Located 300 meters off the northeastern coastline of Abu Dhabi to which it is connected via two causeways, Reem Island is known for being one of the first freehold areas in UAE (i.e. areas where non-Emirati citizens are allowed to buy and own properties).
The island spans more than 650 hectares, and it has grown over time to be one of the top investment attractions in the Emirati capital city. The current gross value of investments in Reem Island is estimated to be over $30bn.