Abu Dhabi-UAE:– IMKAN, a globally reputed property developer renowned for creating soulful places that enrich people’s lives, today announced significant progress on the construction of Nudra, a luxury development of 37 villas on Saadiyat Island in Abu Dhabi that broke ground earlier this year. Located in Saadiyat’s Cultural District, the development is already over 20 percent complete and is well on track for a timely handover in July 2019.

The meticulously-planned 26,000 sq ft development plots along the beachfront are currently being graded and hoarded, ready for handover before year-end. Site offices are well-established and the first stage foundation work, including the bulk excavation, dewatering and the installation of over 1,500 piles, has been successfully completed. Furthermore, 11 out of the 32 villa basements are ready and five of the ground floor slabs already cast, with the remainder set to follow in quick succession.

IMKAN has also reported that the Jerusalem Limestone, which is to clad the external elevations, has been quarried and is now being cut and finished, with the first batch due to arrive at the site later this month. The building structures are already starting to rise above ground level, giving purchasers an increasing sense of the scale of these luxurious villas. The ‘shell and core’ finish will enable purchasers to fully customize their interiors.

The construction of the hillside retaining wall at the rear of the project is also now complete. This structure is designed to support the gentle rising hill that is located approximately six meters above the entrance level, providing villas at the rear with magnificent views of both the Arabian Sea and the Louvre Abu Dhabi.  Formation of the beach is also progressing well with completion forecast for February 2019.

Walid El-Hindi, Chief Executive Officer of IMKAN, said: “IMKAN is fast gaining a strong reputation in this market because of our ability to differentiate ourselves from our competitors through projects such as Nudra that bring the notion of place-making to life. We believe in building enriched communities and spaces that allow for human interaction - going beyond just providing housing. With Nudra, we are introducing a concept of customized fit outs (shell and core) while simultaneously setting new benchmarks for community-living. With its ability to offer bespoke properties that cater to the individual needs of customers, IMKAN’s developments have achieved high uptake among potential investors and end users.”

Richard Larmer, Senior Director - Development at IMKAN, added: “We are very pleased with the progress we have achieved to date on this exceptional project that is set to put design-oriented living in focus. The quality of the Nudra development is evident from the top-tier architecture and design contracts being awarded to experts in our field. At IMKAN, we are committed to delivering our projects in a timely and credible manner. Nudra reinforces our pledge to enhance the UAE’s residential and commercial landscape through new and exciting offerings.”

Earlier this year, IMKAN reported that its construction contract for Nudra was awarded to the joint-venture of Wates and Eastern. While Wates is a renowned UK company that has executed highly skilled restoration works on Buckingham Palace and locally on Qasr Al Hosn, UAE-based construction and civil engineering firm Eastern brings to the table four decades of experience in the local market.  Moreover, award winning architect Meisa Batayneh Maani, Founder and Principal Architect at Maisam Architects and Engineers, is chief designer of the development.

IMKAN aims to expand its international and national footprint through unique projects that support and enhance local culture while seamlessly becoming a part of the communities in which they operate.

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About IMKAN

IMKAN is an Abu Dhabi-based real estate developer with a portfolio of 26 projects spanning three continents. The company aims to create soulful places that enrich people’s lives.

IMKAN’s proposition is built around a unique research platform that uncovers the distinct social behaviors and habits of specific market segments – from millennials to discerning high-net-worth individuals – to formulate tailored user profiles. This research-led approach enables the company to shape communities that are in tune with the mindset of each profile, thereby adding value for its stakeholders.

IMKAN is a wholly owned subsidiary of Abu Dhabi Capital Group (ADCG). Its key projects include two developments in Makers District – The—Artery, a multi-use building that integrates a makers’ space with a parking garage, and Pixel, the company’s first mixed-use destination – as well as the 370-hectare project AlJurf, a fully integrated second-home destination along Sahel Al Emarat; the riviera situated in Ghantoot between Abu Dhabi and Dubai, Nudra, a luxury beachside villa community, and Sheikha Fatima Park, an open-air project that seeks to enhance community interaction.

For further information, please contact: 

Jana Wehbi

APCO Worldwide

Tel:         +971 55 878 9147

Email:    jwehbi@apcoworldwide.com 

© Press Release 2018

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