Page 44 - Magazine February 2023

Sobha Realty makes JLT debut with new residential tower New Aldar master project

announced on Saadiyat Island

Abu Dhabi developer Aldar Properties has announced and a wide selection of sustainable construction
the launch of its boutique residential project, Manarat materials, the statement from Aldar pointed out.
Living, in Abu Dhabi›s cultural district on Saadiyat In late November 2022, Aldar said it was joining the
Island. Clean Energy Business Council and, in early January
According to the developer, the project will feature 273 2023, Aldar launched Sustainable City -- Yas Island.
homes located close to the cultural hub of Manarat Al The development has been designed to achieve a two-
Saadiyat, where year-round art exhibitions, workshops, pearl rating, as per the Estidama sustainability rating
and performances can be enjoyed. Manaret Al Saadiyat system, it added.
has been created to offer one of the world›s leading According to Aldar, the community is also within
centres of cultural entertainment, showcasing art and walking distance of many attractions including one of
media from around the globe. the UAE›s best beaches, the thriving restaurant and
Manarat Living will feature a range of sustainable social scene at Mamsha Al Saadiyat and Soul Beach,
design and building features, including the use of eco- five exceptional museums, the Abrahamic Family
efficient water fixtures, green building technologies, House, and one of Abu Dhabi›s premier schools.

Sobha Realty, the UAE’s leading luxury real estate Located at the heart of JLT opposite Cluster H, Verde
developer, said it has signed a major deal with DMCC, by Sobha benefits from being located in one of Dubai’s
the flagship free zone and commodities trade and most iconic mixed-use communities. JLT spans over 2
enterprise authority of Dubai, to develop its first sq km and represents an eclectic neighbourhood that
project - Verde by Sobha - in the Jumeirah Lakes offers a diverse range of leisure, hospitality, F&B and
Towers (JLT) district. retail amenities.
A 59-storey luxury tower, Verde by Sobha comprises Verde by Sobha will bring an architectural marvel to
seven podiums that offers a range of units from one- the heart of JLT, further complementing the district’s
to- three-bedroom apartments, with prices starting at luxury residential offering, remarked Francis Alfred,
AED2 million ($544,416) onwards. the Managing Director of Sobha Group, after signing
The project also houses special amenities, including the deal with Ahmed Bin Sulayem, Executive Chairman
BBQ spaces, relaxation facilities, swimming pools, and Chief Executive Officer of DMCC.
multipurpose halls, a gym at the podium levels, as Welcoming the project, Bin Sulayem said: «Sobha
well as F&B and retail offerings at the ground level, has been one of the most iconic premium real estate
stated the developer. developers in Dubai for decades, with over $1 billion
According to Sobha Realty, the project is scheduled for in sales last year, and has fashioned an undisputed
completion by Q4 2026 and is estimated to generate reputation for luxury living in some of the most in-
a sales revenue of AED1.6 billion ($435 million). demand locations.»

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