Abu Dhabi Approves Shams Marina, 5-Star Hotel Projects

Abu Dhabi Approves Shams Marina, 5-Star Hotel Projects

Abu Dhabi Approves Shams Marina, 5-Star Hotel Projects

In total the authority approved 24 development projects for Q-4

Abu Dhabi’s Urban Planning Council (UPC) has approved a number of project including the Shams Marina on Al Reem Island and a new 5-Star hotel on Saadiyat Island.

In total the authority approved 24 development projects for the 4th Quarter, an increase of 18% over Q-3, according to state news agency WAM.

Among the more notable was Al Dar Real Estate Company’s multi-purpose Shams Marina residential project.

Si completed the detailed design of the project, which comprises two branded residences, a serviced apartment tower, and a hotel, in January.

The 100,000-sqm plan includes beach side retail, food and beverage options and a beach club.

Another project mentioned was the Rexus 5-Star hotel to be developed by the Tourism Development and Investment Company.

It was unclear whether this was a new unannounced project or referred to the Rixos Hotel under development on the island. A $3.8-M 2-year contract to provide design and construction supervision for the property was awarded to Hill International in April last year.

The UPC also approved a general plan of the Al Sad residential project in Al Ain proposed by Abu Dhabi General Services (Musanada).

Abu Dhabi’s Executive Council also approved infrastructure projects worth Dhs241-M in January including a Dhs55-M project to increase the capacity of the electricity grid in Al Ain and its suburbs.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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