One of the leading investment firms in the UAE, Abu Dhabi Towers Property Investment Company, announced today that 27% of the Addax Port project has been sold. The AED 6.5 Billion development project is set to become the capital’s prime business and residential hub.
With a total area of 8.7 million sq feet, the Addax Port project will have its own private bay setting within Abu Dhabi’s Reem Island. The project will feature four uniquely designed residential towers and the first and only full commercial tower in Abu Dhabi - offering a total of over 3000 luxury apartments and commercial offices for sale.
“This Addax Port development will mean a strong concentration of international enterprises and operations’ headquarters within the vibrant business environment of Abu Dhabi. We have already sold almost a third of the project, both office space and apartments, which equates to two whole towers sold,” said Saaed Al Qahtani, CEO of Abu Dhabi Towers Investment Company.
As well as providing a central shopping area and community facilities, the 68 storey high towers will feature landscaped gardens and a dedicated marina which will have an extensive road infrastructure and a strongly connected transport network with the rest of the Island and Abu Dhabi, which will mean complete accessibility for residents and for commercial tenants.
The strategic location of Addax Port’s residential towers has already attracted more investors and buyers both locally and from abroad. “The reason there is so much interest, is because Addax Port can boast not only a ‘business ecosystem’ but the location in Abu Dhabi adds a unique blend of competitive strengths which make it the location of choice for international business,” added Al Qahtani.
“We strongly believe that this project will boost the real estate and development industry in Abu Dhabi and the UAE. We have already been shown positive interest and commitment to the development by the amount of space which has been sold in just 3 months. This reflects strong confidence in UAE developments and robust demand for projects such as Addax Port,” he concluded.
