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Nov 29 2007

EIP launches Dh1.4b Abu Dhabi Marina

ABU DHABI -- The capital-based Emirates International Properties (EIP), the development arm of Emirates International Investment Company (EIIC) , has launched Dh1.4 billion worth Abu Dhabi Marina, a mixed use marina development project, situated off the coast of Abu Dhabi city.

The waterfront development will house a five-star hotel, hotel and residential apartments, townhouses, offices and commercial space including select dining and retail outlets.

The construction on the project is expected to begin in 2008 with an expected completion date of 2011. Abu Dhabi Marina will be situated in Abu Dhabi city, on the Khor Al Bateen waterway.

"Abu Dhabi Marina will provide the capital with a world-class development in a central location. It will set the benchmark for a distinctive, integrated environment within a single, modern community surrounding the Arabian Gulf and adjacent marinas," said Dr Hani Shammah EIP's CEO.

He said that the Marina project will undoubtedly benefit the local community in terms of entertainment, leisure and business facilities, adding to the future direction of the vibrant Abu Dhabi real estate market.

Abu Dhabi Marina's unique peninsular location will provide views of the Gulf and marina which surround the development from all sides. The consultant engaged by EIP on this project is HoK.

According to Dr. Shammah, "The inspiration for Marina's design was to create a sophisticated development where people could live, work and play and where social connections and community fabric are as important as the architecture and views."

© Khaleej Times 2007

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