Abu Dhabi real estate development company Aldar has unveiled Marsa Al Saadiyat, an AED 100 billion ($27bn) waterfront destination spanning 6.4 million square metres.
The project covers an 8-kilometre waterfront and features Abu Dhabi’s largest marina, 5.6 kilometres of beaches, 140 kilometres of interconnected walking paths, a 46-kilometre cycling track, and an Etihad Rail underground high-speed rail station.
"Marsa Al Saadiyat is a landmark development for Abu Dhabi, reinforcing the emirate’s emergence as a powerful force in the global luxury landscape," said Talal Al Dhiyebi, group CEO of Aldar.
Construction has started on Dar al Funoon in Abu Dhabi, a new performing arts venue designed by Frank Gehry
"With a development value of AED 100 billion, the masterplan will add significant scale and character to the island, a destination already recognised as one of the most compelling cultural and lifestyle addresses in the world."
In addition to residences and community spaces, the plan includes a 1-kilometre promenade of retail and dining outlets, a yacht club, two luxury hotels, and a theatre district anchored by the Dar al Funoon performing arts venue.
Also, a scenic walkway will connect Marsa Al Saadiyat directly to the Saadiyat Cultural District, home to cultural institutions such as the Louvre Abu Dhabi, the Natural History Museum Abu Dhabi, the Zayed National Museum, teamLab Phenomena Abu Dhabi and the upcoming Guggenheim Abu Dhabi.
Mohamed Khalifa Al Mubarak, Aldar's chairman, said: “Marsa Al Saadiyat marks the activation of the final phase of the Saadiyat Island masterplan, and with it, the beginning of the most ambitious chapter yet in the island’s evolution.
"Abu Dhabi today stands among the world’s most compelling destinations for long-term capital, offering a combination of vision, economic momentum, and a quality of life that continues to attract the most discerning investors and residents from around the world.
"Marsa Al Saadiyat is a direct expression of that confidence: a development of genuine global scale, conceived with an ambition that reflects Abu Dhabi’s place on the world stage.”
Images courtesy of Aldar
