Abu Dhabi-based real estate developer Aldar is to invest AED 250 mn in a new public park on Reem Island, Invest-Gate reports.
“This park fits well within our strategy to create dynamic, amenity-driven lifestyle destinations across our land bank in Abu Dhabi,” says Aldar’s CEO Mohamed Khalifa Al Mubarak.
The new public park comprises retail, sports, food and beverage, and beach facilities. Featuring a mosque that would embrace 2,000 worshippers, F&B outlets, a retail centre, a skate park, playing areas, and interactive water features. It is set to be complete in 2018.
Aldar revealed these plans during Cityscape Abu Dhabi, which ended on April 20. During the exhibition, exhibitors revealed hundreds of new property launches, special promotion rates, and payment plans for a host of local, regional and international real estate projects across a range of price points.