Reem Developers has since its inception carved a niche for itself as a highly focused yet differentiated realty sector company. A key reason for this success is the company's relentless approach of attracting and retaining the finest experts, leading architects, engineering consultants and project managers to come onboard. This strategy ensures that its developments are best of class with the highest international standards of planning, management and execution.
Furthermore, validating this strategy has been the launch of two significant projects of Reem Developers; Najmat Abu Dhabi and Rawdhat Abu Dhabi, in the process gaining a reputation of being one of the leading developers in Abu Dhabi.
The flagship project of Reem Developers, Najmat Abu Dhabi - the Star of Abu Dhabi, occupies a premium positioning on the natural Reem Island of Abu Dhabi. Najmat Abu Dhabi offers investors some of the best prime land available in the market. It has been announced at a time of resurgence of the real estate market of Abu Dhabi. The AED 30 billion project that will span approximately 16 million square feet will come up on the Reem Island, 300 metres off the north-eastern coast of Abu Dhabi. Concieved as a mixed-use project blending traditional and contemporary architectire, Najmat is being envisaged as one of the region's best waterfront living communities with across-the-board modern amenities in an aesthetic and selfcontained ambience.
Al Reem Island has been declared as an International Investment Zonand the focus of the project will be on business, residential and leisure components, making it a community with best-of-thebreed facilities under one canopy. The project will include progressive infrastructure, educational campuses, health and wellness facilities and a host of retail and hospitality destinations.
Master-planned and developed by Reem Developers, Najmat Abu Dhabi is already in take-off mode. Recently, Reem Developers awarded an AED 201 million contract to China Harbour Engineering Co. L.L.C, for the development of three marinas and a grand canal, one of the first major works to be awarded as part of the expedited development of the project.
Reem Developers followed up its maiden venture with another state-of-the-art exclusive, urban self-contained community project, the AED 2 billion Rawdhat Abu Dhabi. This is the the UAE's first dedicated 'develop to lease' community, master planned for the highly attractive professional expat lease market. Located at the entrance to Abu Dhabi, this mixed-use development is exclusively targeted at UAE nationals, and is expected to be completed by 2009. The project will be developed in two phases on a total land area of 280,000 sq m and will comprise themed residences on 61 plots to develop low-to-mid-rise residential towers amidst all modern amenities including a full-fledged community centre with health club, spas and meeting areas. Other facilities will include kindergarten, medical clinics and a mosque within a lush green landscape with parks, scenic trails, walkways, open spaces and play areas for children.
In the first phase Rawdhat Abu Dhabi will include 17 commercial developments and 44 residential. The second phase of the project will be completely commercial.
Through these significant investments and its continued focus on first-class infrastructure built to the highest international standards, Reem Developers has not just established itself as a leading player in Abu Dhabi's real estate market but also as one that is significantly contributing to the strong resurgence of this sector in the Federal Capital. In the future, Reem Developers aims at undertaking an expansion through organic growth and acquisitions, and master development of prime real estate assets globally.