Set for completion by Q4 2020
Abu Dhabi, UAE – IMKAN, a globally reputed property developer renowned for creating soulful places that enrich people’s lives, has reported the start of construction on Pixel, the first phase of its iconic mixed-use project Makers District. Located in the heart of Abu Dhabi’s Reem Island, across from the cultural hub of Saadiyat Island, the development is making scheduled progress towards its completion timeline of Q4 2020.
The renowned local engineering and contracting firm Dutch Foundation has completed all 938 secants of shoring. Alongside, five meters of excavation work has also commenced within Pixel to accommodate two basements of approximately 22,000 square meters each, while piling works are set to be finished by February 2019. As per the schedule, the tender for the main works of Makers District will be awarded in Q1 2019 with the main contract currently targeted for completion by Q4 2020.
Walid El-Hindi, Chief Executive Officer of IMKAN, said: “We are truly proud of the progress we are making on this project as we continue to work with the best in the industry. At IMKAN, we are committed to achieving timely milestones across our portfolio and Pixel is no exception. The development validates our priority to enrich the UAE’s residential and commercial landscape through setting a new benchmark for community-living.”
Richard Larmer, Senior Development Director of IMKAN, said: “The quality of this development is already evident from the construction contracts being awarded to renowned specialists in our industry. We are committed to delivering the project as per the highest international standards, using the latest technology and construction methods. I have no doubt that Pixel will help raise the bar for construction in the capital once it is complete.”
According to a UN report, 60 percent of all urban dwellers will be under the age of 18 by 2030 –an important factor in the planning of master developments like Pixel, which caters to buyers with a millennial mindset. The 18-hectare creative residential component of Makers District will transform urban living by providing residents the opportunity to be a part of a creative environment where innovation and interaction thrive.
Pixel, featuring seven towers comprising apartments, co-working office spaces, as well as food and beverage and retail elements surrounded by water features, is set to change the property landscape in the city by infusing a sense of creativity and well-being into everyday living.
IMKAN aims to expand its international and national footprint through unique projects that support and enhance local culture while seamlessly blending into the communities in which it operates.
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About IMKAN
IMKAN is an Abu Dhabi-based real estate developer with a portfolio of 26 projects spanning three continents. The company aims to create soulful places that enrich people’s lives.
IMKAN’s proposition is built around a unique research platform that uncovers the distinct social behaviors and habits of specific market segments – from millennials to discerning high-net-worth individuals – to formulate tailored user profiles. This research-led approach enables the company to shape communities that are in tune with the mindset of each profile, thereby adding value for its stakeholders.
IMKAN is a wholly owned subsidiary of Abu Dhabi Capital Group (ADCG). Its key projects include two developments in Makers District – The—Artery, a multi-use building that integrates a makers’ space with a parking garage, and Pixel, the company’s first mixed-use destination – as well as the 370-hectare project AlJurf, a fully integrated second-home destination along Sahel Al Emarat; the riviera situated in Ghantoot between Abu Dhabi and Dubai, Nudra, a luxury beachside villa community, and Sheikha Fatima Park, an open-air project that seeks to enhance community interaction.
For further information, please contact:
Jana Wehbi
APCO Worldwide
Tel: +971 55 878 9147
Email: jwehbi@apcoworldwide.com
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