4= Al-Reem Island
The Al-Reem Island
development in Abu Dhabi will cover an area of 6.3 sq km. Bunya has been set up to act as the municipality of Al-Reem Island.
It will provide road and bridge infrastructure and coordinate with other local authorities for the supply of utilities including water, electricity, district cooling, telecoms services and waste management. It will also manage the master community and common-use facilities.
Bunya is co-owned by Tamouh Investments, the master developer that owns 60 per cent of the island; Reem Investments, which owns 20 per cent of the island and is the master developer of Shams Abu Dhabi; and Sorouh Real Estate, which owns the remaining 20 per cent and is the master developer of Najmat Abu Dhabi.
Client: Bunya (Sorouh Real Estate; Tamouh Investments; Reem Investments)
Sector: Real Estate
Stage: Under construction
Completion date: Q1 2023
Location: Abu Dhabi, UAE
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New merged company will operate under the name Aldar Properties