Tamouh announced the commissioning of more than 3 thousand units of real estate in the Marina Square area on the Reem Island. Currently, more than 500 families live in the area, which has its shopping center, medical clinics, a 5 * hotel and several marinas for yachts. Marina Square covers an area of 26.7 hectares, on which 14 buildings (13 residential and 1 commercial) and 24 townhouses have been erected.
While the realization of the public plan for the construction of low-cost apartments is planned for the foreseeable future, Tamouh is keen on renting out apartments in 14 high-rise buildings in Marina Square.
Developer Tamouh Investments has proposed the master project Reem Downtown - an innovative plan located on the northwest coast of the island of Rome in Abu Dhabi, with a total area of 104 hectares and a total building area of 3.4 million square meters.
Reem Downtown is obliged to freeze the first functional region in Abu Dhabi, which organically combines the current and ordinary styles with autonomous transport infrastructure.
The development of micro-climate control will be used at Reem Downtown, which guarantees natural conditioning toward the hottest months of the year. The original design of the island contributes to a healthy lifestyle; Walking and cycling paths in combination with the promenade, the center of mangroves, social parks, and sports fields make Reem Downtown very closed to walks.
Ghanem Mubarak Al Mansouri, key executive director of Tamouh Investments, said: "For over a decade, Tamouh has been making a personal contribution to the Abu Dhabi Real Estate Bazaar and to implementing Abu Dhabi Economic Vision 2030."
"Reem Downtown meets not only the diverse needs of residents and companies in the main city but also strengthen Abu Dhabi's position as a residential, tourist and business center at the international level. That Reem Downtown is a landmark plan, and we look forward to greater attention from the district, regional and international investors," continued Al Mansouri.
Reem Downtown is designed for 12.3 thousand residential units, which methods accommodate 27 thousand people. The area is divided into 8 zones, each of which is distinguished by a special manner and functionality. With parks in the north, natural mangrove reserves in the east, tall towers in the south, and classic low-rise buildings in the west, Reem Downtown is for everyone.
Tamouh, a company in the Abu Dhabi-based Royal Group of Companies, is reviewing a master plan for the development of the island of Reem, planning to include affordable projects in it. The share of affordable housing on the Reem Island should be 20% of the total.
"A plan to build affordable projects on Reem Island is currently under development. These changes were made in response to recommendations issued by the Abu Dhabi Urban Planning Council. The details of the new plan are being handled by the British consulting company Arup."said Joe Ong, managing director of Tamouh.
Tamouh, headquartered in Abu Dhabi, was founded in 2005. Some of the plans that Tamouh made famous include Marina Square and Rome Island. Having achieved fresh furor, the company in real-time is developing 2 fresh plans, City of Lights and Paragon Bay, which are required to revise the stereotypes of luxury. To maintain the growth of the company and ensure that the degree of the property is higher than the expectations of customers, Tamouh has set up the Eltizam Asset Management Group. This subsidiary handles more favorable real estate opinions.