Aldar to build $2.18bn Saadiyat Grove mega project

Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, chairman of the Abu Dhabi Executive Office has launched Saadiyat Grove, an AED8 billion ($2.18 billion) community located in the heart of the Cultural District on Saadiyat Island, to be developed by Aldar Properties.

Saadiyat Grove will feature 60,000 square metres of experiential retail, entertainment, and leisure space designed to create an inclusive community, as well as 3,706 residential units, 170 of which will be branded residential units. There will also be a selection of hotels, and co-working spaces designed to support new enterprises and start-ups, and to promote a culture of entrepreneurship, state news agency WAM reported.

Phase one of Saadiyat Grove will include 606 residential units and around 200 retail units, supported by a range of amenities such as gyms, pools, kids play areas, community gardens and a running track that will connect the whole project. Saadiyat Grove will be developed in phases, with phase 1 handover commencing 2022, WAM added.

Sheikh Khalid viewed the designs and the master plan of the 242,000 square metre development, accompanied by Mohamed Khalifa Al Mubarak, chairman of Aldar Properties, and Talal Al Dhiyebi, Aldar’s CEO.

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