The launch of a new gated villa community on the edge of Saadiyat Beach Golf Club in Abu Dhabi is targeting a shortage of modern villas in the capital.
Tourism Development & Investment Company (TDIC) said that Jawaher Saadiyat will feature 83 properties, with four-bedroom townhouses and four, five and six-bedroom villas with floor-to-ceiling windows.
“The launch of Jawaher Saadiyat comes following an in-depth research which showed that the market still lacks this category of four and five-bedroom villas and townhouses,” said Ali Yousif Al Hammadi, chief executive at TDIC.
A statement from TDIC said that the villas’ flat roofs can be used as private lounges, while each villa will come with two to four shaded parking spaces. The overall built-up space will be between 4,628 sq ft to 13,648 sq ft.
The five and six-bedroom villas will feature an independent majlis with its own pantry, toilets, office and guestroom, in addition to a dedicated driver’s and cook’s room.
The properties will be showcased at Cityscape Abu Dhabi, which runs from Tuesday until Thursday at the Abu Dhabi National Exhibition Centre.
Saadiyat Island has been divided into six separate neighbourhoods. The Saadiyat Beach district is currently the most advanced with the majority of the island’s properties.
TDIC said last month that construction of the third phase of Saadiyat Beach Villas is on track for completion in June.
The third phase consists of 77 four and five-bedroom villas, taking the total in the community to 428.
Saadiyat Development and Investment Company (SDIC) also said last month that its luxury beachside villas at Hidd Al Saadiyat were 40 per cent complete.
The project is built on nearly 1.5 million square metres of natural waterfront land on the north-east part of Saadiyat Island, and will be home to 4,000 people with 453 villas and 15 low-rise apartment buildings when complete. The villas, dubbed “beach palaces” by the developer, are priced from Dh7 million to around Dh40m.
SDIC said that 78 per cent of the infrastructure has been completed, while the project is scheduled for completion at the end of 2016.
The first phase of Mamsha Al Saadiyat, a 1.4 kilometre beachfront mixed-use development with apartments and townhouses, had sold out according to TDIC last year.
Prime house prices in Abu Dhabi rose by 14.7 per cent last year, according to a report from Knight Frank.
However, the market slowed in the final quarter, with property broker JLL reporting that prices were unchanged during the final three months for the first time in two years, as strict mortgage caps and tumbling global oil prices prompted investors to stay away.
ioxborrow@thenational.ae
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The specs
Engine: 2.3-litre, turbo four-cylinder
Transmission: 10-speed auto
Power: 300hp
Torque: 420Nm
Price: Dh189,900
On sale: now
ESSENTIALS
The flights
Emirates flies direct from Dubai to Rio de Janeiro from Dh7,000 return including taxes. Avianca fliles from Rio to Cusco via Lima from $399 (Dhxx) return including taxes.
The trip
From US$1,830 per deluxe cabin, twin share, for the one-night Spirit of the Water itinerary and US$4,630 per deluxe cabin for the Peruvian Highlands itinerary, inclusive of meals, and beverages. Surcharges apply for some excursions.
Kandahar
Director: Ric Roman Waugh
Stars: Gerard Butler, Navid Negahban, Ali Fazal
Rating: 2.5/5
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5
The drill
Recharge as needed, says Mat Dryden: “We try to make it a rule that every two to three months, even if it’s for four days, we get away, get some time together, recharge, refresh.” The couple take an hour a day to check into their businesses and that’s it.
Stick to the schedule, says Mike Addo: “We have an entire wall known as ‘The Lab,’ covered with colour-coded Post-it notes dedicated to our joint weekly planner, content board, marketing strategy, trends, ideas and upcoming meetings.”
Be a team, suggests Addo: “When training together, you have to trust in each other’s abilities. Otherwise working out together very quickly becomes one person training the other.”
Pull your weight, says Thuymi Do: “To do what we do, there definitely can be no lazy member of the team.”
Kill
Director: Nikhil Nagesh Bhat
Starring: Lakshya, Tanya Maniktala, Ashish Vidyarthi, Harsh Chhaya, Raghav Juyal
Rating: 4.5/5
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
