Abu Dhabi, UAE – 19 April 2017

Tourism Development & Investment Company (TDIC), the master developer of major tourism, cultural and residential destinations in Abu Dhabi, announced today that 60% of the units has been sold  after unveiling a compelling selection of residential units on Saadiyat Island at Cityscape Abu Dhabi 2017, taking place from April 18 - 20 at the Abu Dhabi National Exhibition Centre (ADNEC).

TDIC released 109 residential units for sale at Cityscape Abu Dhabi through its 3 major projects in Al Saadiyat Island, including 50 distinctive apartments in Mamsha Al Saadiyat, 29 contemporary villas on sale in the Saadiyat Beach Golf Club-facing Jawaher Saadiyat, as well as more than 30 units across the fully inclusive nature-based community of Saadiyat Lagoons.

The new sales achievements came after announcing the  2.5% deposit and payment proposition, creating a remarkable offer for the prospect of home ownership in the capital’s premier destination.

The residential development projects are proceeding ahead of schedule, with growing interest and sales from homeowners and investors indicative of the enviable quality of life available on Saadiyat Island once construction across the destination’s projects is complete. 

The new plan establishes a milestone in local real estate offerings, providing buyers the opportunity to secure residential offerings of superior quality at newly affordable rates with a trusted developer. Saadiyat Island is widely viewed as the future of contemporary Abu Dhabi, providing residents and visitors with access to a wide range of culturally and leisure immersive experiences. Developments on the island epitomize Abu Dhabi’s strategy for growth and development, combining innovation with rich traditions and heritage, whilst adhering to an environmentally sensitive philosophy. 

During Cityscape Abu Dhabi, Tourism Development & Investment Company (TDIC) will be located at stand 7A10, between Halls 7 and 8, at Cityscape Abu Dhabi 2017.

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About Tourism Development & Investment Company (TDIC)
Tourism Development & Investment Company (TDIC), established in 2006 and fully owned by Abu Dhabi Tourism & Culture Authority, is a master developer of major tourism, cultural and residential destinations in Abu Dhabi.

These include Saadiyat, a natural island ten-minute drive from downtown Abu Dhabi featuring luxury resorts, championship beachfront golf courses, sophisticated residential communities, retail destinations and cultural institutions - designed by world-renowned Pritzker Prize-winning architects - such as Zayed National Museum, Louvre Abu Dhabi and Guggenheim Abu Dhabi. TDIC is also developing Desert Islands, a heritage-based tourism destination composed of eight islands - Sir Bani Yas Island, the historical Dalma Island and the previously unexplored Discovery Islands.

TDIC has built a strong reputation among international industry players for its compelling value proposition, transparency of business approach and ability to deliver. The company has been awarded high investment grade ratings of A1, AA, and AA by three top credit rating agencies, Moody’s, Standard & Poor’s and Fitch Ratings, respectively. These ratings reflect TDIC’s strong financial position and support the company’s credit worthiness to investors, lenders and other market participants.

By creating investment partnerships and joint ventures, TDIC’s developments are helping to support the Emirate’s evolution into a world-class destination for tourists, businesses and residents. TDIC offers significant employment and vocational training opportunities for Emiratis keen to enhance their careers and professional qualifications.

For further information, please visit http://www.tdic.ae.

TDIC Press Information
CONTACT  Eiman Ahmed Ali Ghanem   
EMAIL  eghanem@tdic.ae

© Press Release 2017