Tourism Development & Investment Company (TDIC), an Abu Dhabi government-owned master developer on Tuesday launched a six million square metre mixed-used project that will become the largest part of the Capitals Saadiyat Island development.
The Saadiyat Lagoons District, a primarily residential project with 4,000 units is expected to house 29,000 residents upon completion, the company said in a statement. The development, which includes townhouses, villas and apartments also offers retail and leisure facilities and an equestrian centre.
TDIC, will develop the Lagoons district in phases. The first phase will include an 820 townhouses gated community with 236 two-bedroom units and 584 three-bedroom units, the company said without giving details about the other phases or how much it will cost to build the project,
TDIC is also behind the development of some of Abu Dhabis iconic real estate projects such as Zayed National Museum, Louvre Abu Dhabi and Guggenheim Abu Dhabi. It is also developing Desert Islands, a tourism project composed of eight islands including Sir Bani Yas Island, the Dalma Island and Discovery Islands.