30-Mar-2010 : Tamouh to Commence Delivering Marina Square Units from May 2010

Master Developer of Reem Island adds 3,440 apartments to the Abu Dhabi market

Abu Dhabi: 30 March, 2010 : Tamouh, the primary master developer of Reem Island, today announced it will commence the handover of units in Marina Square, its flagship towers, to investors from May 2010.

Addressing the media before a special tour to provide an exclusive preview of the model residential units, Joe Ong, Managing Director of Tamouh, said: "The Marina Square will be the first development to welcome residents to Reem Island. The first of its kind in Abu Dhabi, the development gives the residents of the capital an opportunity to enjoy a unique living environment. "We are adding 3,440 residential units to Abu Dhabi, which is currently facing an acute shortage owing to rapid growth and expansion."

Finishing touches are being given to the first phase of Marina Square that comprises 14 towers, while construction activity is rapidly progressing on the five-star hotel and Paragon Bay mall, which will be delivered as part of the second phase. Paragon Malls is the shopping centre division of Tamouh.

Marina Square is spread across an area of 66 acres, has a built-up space of more than 827,000 sq metres and will house more than 8,500 people and 6550 parking bays on completion. It is set to bring to the capital an exciting marina lifestyle, topped with a vibrant pedestrian culture through its multifarious gourmet restaurants, luxury retail outlets, a boutique mall and a five-star hotel. The mixed-use development will offer a selection of residential units including one, two three and four-bedroom apartments, town houses and villas.

Ong added: "Our endeavour is to deliver a quality living environment to the residents of Marina Square. The focus is on the completion of vital amenities within the development even before residents take possession of their properties. Infrastructure projects such as the connecting road network, landscaping, building maintenance and district cooling services have also been completed with modern conveniences being given the highest priority."

Upon full completion, all properties in Marina Square will come equipped with community portal services and smart-home services, enabling residents to interact with the customer service team to control the ambience of the apartment using a touch-pad in the residence or via the internet from a remote location. The towers are all enhanced with centrally appointed lobby areas, gymnasiums, swimming pools and play grounds, reinforcing the developer's foresight. It also reflects Tamouh's commitment to delivering a world-class living environment for residents to enjoy an improved standard of living.

Ample parking, day-care-centres, mosques, marina facilities and medical centres have been incorporated into the development with a view to make it self-sufficient. Tamouh is also working in close co-ordination with Bunya, the regulatory authority of the island, to ensure the handover process is smoothly executed, laying emphasis on ease of living in the community for end-users. Tamouh's developments, located on Reem Island next to the new Central Business District of Abu Dhabi city, have a total built-up area of 200 million sq metres.