A focus on lifestyle driven amenities and residential development projects is propelling Aldar’s master, planned community on Reem Island toward being one of the most attractive destinations in the UAE capital.
The successful flooding and opening of the 2.4km Reem Island canal now flows alongside 35 plots within Aldar’s master planned community, bringing waterside views, promenades, seating and areas for exercise and socialising to the island’s steadily growing population, as well as visitors from other parts of the city.
Further adding to the modern lifestyle on Reem Island, the beach near the head of the canal is expected to become home to many community events following the success of Aldar’s inaugural Reem Weekend. Over 5,000 visitors enjoyed a weekend that included organic food vendors and food trucks, street performances, live art, sports and children’s activities, as well as a pop-up market.
Reinventing the park experience in Abu Dhabi, Reem Central Park is set to become a focal point for the city when it opens to the public in 2018. The park will feature a 2,000-worshipper mosque with a tranquil reflective pool, F&B outlets, a retail centre, a skate park, play areas, and interactive water features. Reem Central Park’s attractions and amenities will also lead to a natural waterfront, including a 4km promenade that will feature edu-tainment opportunities on the area’s natural reserves and plant life. Construction is underway with streetscaping complete and the coastalscape nearing completion, with hard and soft landscaping and infrastructure expected to commence in July.
The successful sell-out of The Bridges has been supported by the diverse buyer base, including younger purchasers eager to make their first property investment, as well as buyers who are brand new customers for Aldar. With homes ranging from studios to three-bedroom apartments, and complemented by a range of amenities set within a landscaped environment, The Bridges will set a new benchmark for mid-market homes in the UAE upon its completion in early 2020. Meera, Aldar’s first mid-market development on Reem Island, is making strong progress with the structure now at the 16th floor out of 26.
In addition, construction for the Vida Hotels and Resorts project is scheduled to start this year for completion in 2020. Vida will operate a 262-key hotel and 192 serviced apartments. These will be accompanied by Aldar’s 329 marina residences within the development, which will add to the 5,000 homes already within its leased residential portfolio.
Ensuring that residents and visitors can find and enjoy unique experiences, Aldar’s Shams Boutik is home to Reem Island’s only Nando’s, Starbucks and Johnny Rockets outlets, as well as leading supermarket, Waitrose, and children’s activity centre, Action Zone. A Burjeel Day Care Centre will open in Shams Boutik in August this year.
Mohamed Khalifa Al-Mubarak, chief executive officer, Aldar Properties, said: “Our master-planned community on Reem Island is developing at a rapid pace, spurred on by modern lifestyle and community focused amenities such as the canal, Reem Central Park, Vida Hotel and Residences, exciting event spaces, and of course our mid-market residential projects Meera and The Bridges.
He said: "In addition to being incredibly attractive for owner occupiers, Reem Island continues to capture the attention of investor audiences, with well over 60 percent of the plots in our master plan currently in various stages of design and construction, and the balance earmarked for future development opportunities by us as well as third parties.”
Aldar's Reem Central Park project on target
Aldar's Reem Central Park project on target
Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah
Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.
The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.
The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.
The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.
Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.
During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.
The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.
The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.
This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.
Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.









