- Project announced as part of a strategic partnership between LEAD Development and Project Management Consultants LLC (LEAD) and The National Investor PJSC (TNI)
- Mixed-use freehold project will accommodate around 5,000 residents by 2022
Abu Dhabi, United Arab Emirates; March 14, 2017: LEAD Development and Project Management Consultants LLC (LEAD) and The National Investor PJSC (TNI) will build the first residential community of private “green” villas and townhouses at Masdar City, Abu Dhabi’s flagship sustainable urban development, it was announced today.
The project, which will also include apartments, is to be delivered over 250,000 m² of gross floor area (GFA). The freehold real estate development will accommodate around 5,000 residents when completed in 2022, and will be open to both UAE and foreign national investors.
Located in the southern district of Masdar City’s Free Zone, the project will meet a minimum 3 Pearl rating according to Abu Dhabi Urban Planning Council’s “Estidama” sustainability framework for built environments and urban communities.
“It is a great opportunity to be working closely with Masdar to deliver this unique sustainable development,” said Abdullah M. Mazrui, Chairman of TNI. “LEAD and TNI will work with the Masdar team to deliver a project in line with Abu Dhabi’s regulations for sustainable, water and energy efficient real estate developments. On behalf of our investors and management team, we would like to thank all those involved in making this vision and opportunity a reality, bringing to life a unique community that will complement the lifestyles of its diverse residents.”
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, Abu Dhabi’s renewable energy company, added: “Our ongoing successful development of Masdar City is demonstrating how cities can be economically, socially and environmentally sustainable, reducing energy and water demand and the production of waste efficiently and cost effectively, while also building thriving communities.
“The private sector has a vital role to play in promoting the wider adoption of commercially viable solutions to urban sustainability challenges, and in sharing knowledge and experience across the industry. LEAD and TNI share our vision for low-carbon urban development, and we are delighted to be working with them in realising the future expansion of Masdar City.”
Residential property will make up more than 90 per cent of the mixed-use development. Roughly 7,800 m² has been set aside for community amenities, and there is additional space for commercial units. Abu Dhabi’s planned light rail system will also serve residents. The new project from LEAD and TNI adds to significant construction activity currently underway at Masdar City.
About LEAD Development and Project Management Consultants LLC (LEAD):
LEAD is an integrated full service consultancy which provides unmatched insights across the commercial development value chain. Founded in 2010, LEAD offers a wide range of services including:
Development Full Cycle: Fully integrated services including Investment Assessment, Financial Feasibility, Risk Analysis, Project Capitalization, Masterplan Development, Design Management, Financial Management, Value Engineering, Construction Management and Sales and Marketing.
Concept Development: Aligning visions and business objectives with market opportunities. LEAD Development works closely with clients to define and refine concepts and measures them across financial indicators to determine feasibility and the parameter for success.
Financial Management: A fully dedicated team of accounting and finance professionals with backgrounds in real estate development, banking, private equity and big 5 audit experience that help clients with financial strategies tailored to meet their requirements and financial objectives.
Master planning and Design Management: Our consultants help clients understand their target markets and develop sustainable masterplans that create vibrant and sustainable communities.
Project Management: Providing fully integrated services related to project management, from inception through to design and the tender process all the way to construction and handover.
Sales and Marketing: Providing strategic sales and marketing guidance on all projects including aligning project concepts with the social and economic realities of the market place and creating a brand proposition which enhances the perceived value of the project for potential investors and buyers.
For more information, please visit: http://leadevelopment.com/
About the National Investor (TNI):
TNI is a leading Abu Dhabi-based investment management and advisory firm with four main activities: Real Estate Investments, Private Equity, Investment Banking and Asset Management. TNI has made over two-dozen investments in its 20-year history including some of the most prestigious companies in the region, like Aldar, Aramex, Aabar, Tabreed, Depa, NAS, Colliers International and National Catering Company to name a few. TNI has successfully advised on a number of initial public offerings (IPO), including that of blue-chip companies in real estate sector such as Aldar, Sorouh, Tamweel and Depa.TNI also has direct investments in commercial real estate and hospitality assets in Abu Dhabi.
For more information, please visit: www.tni.ae
Masdar is Abu Dhabi’s renewable energy company which works to advance the development, commercialisation and deployment of clean energy technologies and solutions. The company serves as a link between today’s fossil fuel economy and the energy economy of the future. Wholly owned by the Mubadala Development Company PJSC, the strategic investment company of the Government of Abu Dhabi, Masdar is dedicated to the United Arab Emirates’ long-term vision for the future of energy and water.
About Masdar City
One of the world’s most sustainable urban developments, Masdar City in Abu Dhabi is enabling innovation in sustainability and clean technologies by integrating education, research & development, investment and business opportunity. It is an innovation ecosystem: a thriving community, a business and investment free zone, and a hub for knowledge creation and R&D realising pilot projects in the commercialisation of clean technologies. The nucleus of Masdar City is the Masdar Institute of Science & Technology (MI), the region’s first graduate-level university researching real-world technologies and solutions at the energy and water nexus. Through initiatives such as Masdar City, Masdar is helping to realise a template – or “green-print” – for sustainable urban development in the UAE and potentially other countries.
Tel enquiries in Arabic: +971 2 653 3333
Tel enquiries in English: +971 2 653 6014