Imkan

IMKAN was founded in 2017 and since then has launched various residential, commercial, hospitality and multi-use projects in sought-after destinations in the UAE, Morocco, Egypt, Seychelles, Montenegro, Sri Lanka.

It is worth noting that IMKAN is an entirely-owned subsidiary of the private institutional investment house, Abu Dhabi Capital Group (ADCG). Headquartered in Abu Dhabi, the firm manages a variety of in-house well-diversified portfolios in global listed equities, fixed income and alternative investments.

One of the key elements of IMKAN is a powerful research and development platform aimed at finding creative solutions for each and every project. According to the developer, they strive to contribute to the environment, ecosystem and community of the properties to improve the quality of life for their customers.

Off-Plan Properties by IMKAN

At the moment IMKAN has a range of multi-use and residential projects under construction all over Abu Dhabi. Such developments include The-Artery, a hybrid parking structure and event space, and Pixel, the first multi-purpose community at Makers District. The company also launched luxury premium villa communities such as Nudra, an exclusive beach community with 37 residences and ALJurf located in the natural ecosystem between Abu Dhabi and Dubai. Additionally IMKAN is involved in the development of Sheikha Fatima Park, the first urban lifestyle park in Abu Dhabi.

One of the most anticipated developments in Abu Dhabi is the above-mentioned Pixel in Makers District. The construction started in 2019 and will be home to seven towers with 525 residential units consisting of studios and 1-4BR apartments. IMKAN are building these towers simultaneously so that new homeowners are able to live in peace and not be distracted by the ongoing construction. The estimated completion of the development is Q4 2021. The starting price for a one-bedroom apartment in Pixel is AED 618K.

Another interesting project is AlJurf, located in Sahel Al Emarat, between Abu Dhabi and Dubai. It will comprise two marinas, a town center, hotels, a wellness resort and a museum, as well as serviced villas. Other planned amenities for the development are public and private beaches, restaurants, mosques and a private school. IMKAN is the second developer after Aldar to construct such a major project in this location. The first phase of AlJurf will house 292 residential units and plots and is due for completion in Q2 2023. Villas in AlJurf are available at the starting price of AED 3.7M.

As well as the above-mentioned off-plan projects in Abu Dhabi, IMKAN is also currently working on the Nudra community. This exclusive villa development will accommodate 37 residences on Saadiyat Island. The villas will include 3 a maid’s room, private pool and garden as well as a garage. The community comprises The Dunes (4-5BR villas), The Beach (6-7BR villas) and five land plots named The Shores. The sizes of the units range from 6,533 sq ft to 30,483 sq ft. Residents of Al Nudra will have free access to such amenities like an infinity pool, kids playground, tennis courts, a clubhouse and gyms. Located on the Mamsha boardwalk, it provides multiple options for fine dining and shopping. The minimum price for a villa in Nudra is AED 8.4M. The construction is expected to be completed in 2021. According to the developer, the key characteristic of Nudra is the possibility for the client to customize layouts and interiors according to their personal preferences.

Among the other projects by IMKAN, the following major developments are worth mentioning:

• Makers District is the latest multi-purpose development in the UAE. It is expected to attract entrepreneurs, creatives and innovators to Abu Dhabi. The entire project has been designed in partnership with the award-winning architectural company MVRDV, from Holland. Makers District is just across the water from the most remarkable landmarks such as Louvre Abu Dhabi and Guggenheim Abu Dhabi. The master plan of the community includes a waterfront hotel, F&B venues, co-working spaces and residential developments with 3,700 units in total.
• Alburouj is a residential compound in Al Shorouk City, Cairo. It will consist of a smart village with 11 administrative buildings, a medical center and international schools. In addition to this, the master plan of Alburouj involves construction of a 236,000 sqft global shopping mall. The residential units are sold completely furnished, and they include apartments, duplexes, townhouses, villas and twin villas.

Economic Appeal of IMKAN

There are over 121,000 commercial and residential units expected to be delivered by the end of 2021 according to the former IMKAN CEO Walid El Hindi. In 2019 the master developer revealed a 300% increase in sales year-on-year and since then the company has been going strong. “We have really focused on the way we market our project and we rely a lot on word of mouth, we rely on our customers themselves to become our ambassadors. That is important”, said El Hindi. The total investment in the current projects as well as planned developments go beyond AED 100B, USD 27B, as stated by the former CEO.

The latest addition to the real estate portfolio of IMKAN is SHA Emirates which is in partnership with the European health facility SHA Wellness Clinic. Set to open in 2023, it will be the third clinic of the brand worldwide after Spain and Mexico. SHA Emirates has a total area of 1.3 million sq ft and will be located along the seaside nature reserve Sahel Al Emarat as a part of the AlJurf community. The total value of the project is AED 600M, USD 163M.

As stated by Walid Al Hindi, IMKAN is dedicated to upholding the latest technological advancements across all their developments. For instance, in order to reduce the water used in the developments and improve the project practicability, IMKAN combines sending remote satellite signals and using A.I. technology. As a matter of fact, the goals of the developer are closely aligned with those of the Abu Dhabi Vision 2030 and World Expo 2020, bringing sustainability and innovations together. That being said, the demand for IMKAN is expected to increase even more among end users and real estate investors after the long-awaited exhibition.