The foundation stone for Dh34 billion Dana Abu Dhabi real estate development project was laid earlier this week by Shaikh Mansour bin Zayed Al Nahyan, Minister of Presidential Affairs.
Along with Shaikh Mansour, Salah Al Shamsi, Chairman of Al Qudra Real Estate Company which is developing the project, toured an exhibition for designs of Dana Abu Dhabi. The project is the maiden real estate venture of Al Qudra, according to WAM.
The project will be comprised of 34 towers ranging from 15 to 23 floors, a four star hotel, a social center, a spa, as well as a commercial center.
"The mega project will be executed by Al Qudra Real Estate Company as part of the strategic development masterplan for Abu Dhabi emirate which was approved by Abu Dhabi Executive Council," said Shaikh Mansour, who added that Abu Dhabi would witness a large-scale construction boom, making it an even more attractive destination for investment, progress and prosperity.
"The project will be one of the mega real estate developments at Gulf and Arab levels.....it will be completed by October 2009," Shaikh Mansour explained.