4= Al-Reem Island
Project Overview
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.
Project Analysis
Property slump continues in Abu Dhabi
Falling prices as a result of oversupply are is still depressing the UAE real estate sector, with the capital now feeling the pressure. However, better-quality schemes are holding their prices
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Bahrain leads market growth
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Gulf projects market index down for third week
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Doing business in Abu Dhabi
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Kuwait projects arrest market slide
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Regional campus construction surges ahead
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Slow construction progress hits confidence in Abu Dhabi
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Supply gap keeps housing rental prices high in Abu Dhabi
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ABU DHABI: The giant awakes
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Coping with material shortages and capacity constraints
MEED Events
Key Facts
Client: Bunya (Sorouh Real Estate; Tamouh Investments; Reem Investments)
Sector: Real Estate
Stage: Under construction
Budget: $37bn
Completion date: Q1 2023
Location: Abu Dhabi, UAE
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Al Shafar secures Oceanscape contract
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Al Shafar wins Damac contract
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Damac selects contractor to build Marina Bay development in Abu Dhabi
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KEO wins design work for four Abu Dhabi projects
MEED Projects
