Sheikha Fatima Park offers prime opportunities for leasing and investment

Abu Dhabi, UAE – IMKAN, the globally reputed property developer renowned for creating soulful places that enrich people’s lives, is inviting investors and businesses to explore the leasing and investment opportunities that will be available in Sheikha Fatima Park. Hand-in-hand with its strategic partner, Abu Dhabi Municipality, IMKAN is developing the inner-city community green space in Khalidiya district. The redesign is set to transform the area into a dynamic destination for all ages; while becoming Abu Dhabi’s premier urban park with open-air leisure and entertainment.

In alignment with the Abu Dhabi Economic Vision 2030, which outlines a strategy for reduced reliance on the oil sector as a key source of economic activity over time, IMKAN is focused on strengthening the Emirate’s economic vision and in solidifying its footing as the region’s investment haven. Abu Dhabi is a world-class investment destination, offering a promising value proposition to businesses and investors alike with attractive returns and yields.

The park encompasses an area of 46,000m2, which is inclusive of an adventure zone, and a section devoted to women and children. The project’s timely commencement coincides with regional and global businesses increasingly looking towards Abu Dhabi for stronger investment opportunities.

The Park is strategically located at the corner of Al Bateen Street and Zayed the First Street, offering close to 10,000sqm of leasable space for businesses to provide their unique services in a picturesque setting. Avenues for collaboration and investments are available in commercial, retail and leisure segments. Food & beverage units, offices and clinics are designed with the flexibility to expand and with the option of having terraces surrounded by park vistas and overlooking event plazas, green activity spaces and tranquil open lawns.

By using IMKAN’s unique approach to community building and an emphasis on encouraging active wellness, Sheikha Fatima Park will provide a trendy urban walkable environment catering to co-worker office spaces, sports and wellness facilities, outdoor event concepts and leisure activities. Additionally, the park will be a draw for families and members of a long-standing community who will return to the park to explore the varied new attractions and events hosted there, including pop-up movie screenings, yoga and Pilates’ classes and art fairs to name a few.

Walid El-Hindi, Chief Executive Officer of IMKAN, said: “Sheikha Fatima Park will not only benefit the physical health and wellness of this community, it is also a platform for businesses. We will be considering offers from groups that complement our ethos of creating soulful places that enrich people’s lives. Our research-led approach has enabled us to develop the ideal urban green space that will focus on promoting mental, physical and spiritual health equity, and we want the outlets who operate in Sheikha Fatima Park to promote these values.”

He added, “It is also a great opportunity for start-ups and SMEs seeking flagship market positioning - it's all part of revitalizing the community with what will be a robust center of activity. We encourage local regional and global businesses to join us on our journey and be a part of this story."

Construction at site is led by Al Fara’a Engineering, one of the most established groups in the region. The project is also supported by Arcadis; a leading multinational cost and project management consultancy firm, along with Cracknell, the globally renowned landscape design solutions provider. With the aid of these partners, Sheikha Fatima Park is well underway and on track for completion in Q4 2019.

As the market’s research-based place-maker, IMKAN is creating yet another destination with the redevelopment of Sheikha Fatima Park that shall serve as a cornerstone of open-air urban activity in Abu Dhabi offering community engagement for all.

Local, regional and global potential investors can visit www.imkan.ae/sheikha-fatima-park for more information, or reach out to IMKAN team on hello@imkan.ae

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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. Other key developments are Nudra, a luxury beachside villa community; Sheikha Fatima Park, the capital’s first urban park that seeks to enhance community interaction; and AlJurf, the fully integrated second-home destination along Sahel Al Emarat. The pristine development is nestled between Abu Dhabi and Dubai and comprises timeless villas and land plots set in a preserved and natural ecosystem. In addition, the company has big announcements in the pipeline for 2019.

© Press Release 2019