Deyaar Expands into Abu Dhabi with New Reem Island Development

by Dubaiforum
4 minutes read
Deyaar Expands into Abu Dhabi with New Reem Island Development

Deyaar Expands Horizons with Launch of Luxurious Rivage Project on Abu Dhabi’s Reem Island

In a significant development for the UAE’s real estate landscape, Deyaar Development, a prominent home-grown property developer, has unveiled its inaugural luxury residential venture on Al Reem Island, aptly named Rivage. This ambitious project marks a strategic collaboration with Arady Properties and aims to redefine the standards of living in Abu Dhabi while catering to the needs of modern families and savvy investors alike.

A New Era for Deyaar

As one of the leading real estate companies in the UAE, Deyaar has long been synonymous with high-quality, innovative residential and commercial properties mostly concentrated in Dubai. The launch of Rivage, therefore, is not merely an expansion but a testament to the company’s commitment to diversifying its portfolio and meeting the growing demand for premium living spaces outside of its traditional base.

According to the statements made by Deyaar’s CEO, Saeed Mohammed Al Qatami, this initial foray into Abu Dhabi is indicative of the firm’s broader vision to bolster economic growth and urban development within the emirate. “In collaboration with Arady Properties, we are excited to present Rivage, our first residential project in Abu Dhabi, which truly reflects our commitment to creating exceptional living spaces,” he commented.

Diverse Living Options

Rivage is designed to cater to a wide spectrum of residents by offering a variety of living arrangements. The development features one- to three-bedroom luxury residences, as well as opulent duplexes, bespoke Sky Villas, and exclusive Sky Palaces. This diverse range means that both families seeking to establish roots and investors looking for lucrative opportunities will find options that align with their aspirations.

The project’s completion is slated for the fourth quarter of 2027, making it a timely addition to the rapidly evolving Abu Dhabi real estate market, which has seen a surge in interest from both local and expatriate populations amid a strong economic recovery.

A Masterpiece of Design and Sustainability

Situated on the idyllic Al Reem Island, Rivage is positioned not only as a new residential option but as a lifestyle destination that harmoniously marries the vibrancy of urban living with the tranquility of coastal life. The development promises breathtaking views and a plethora of top-notch amenities, effectively targeting families who yearn for a vibrant yet peaceful setting.

In his remarks, CEO Al Qatami emphasized the development’s commitment to sustainability, stating, “It offers the perfect blend of luxury living, breathtaking views, and top-class amenities while integrating sustainability within a masterpiece architectural design.” This focus on sustainable practices is becoming increasingly essential in today’s market, as both consumers and investors seek environmentally responsible living spaces.

Impact on Abu Dhabi’s Economic Growth

The introduction of Rivage is poised to have broader implications for Abu Dhabi’s economic landscape. By enhancing the residential offerings within Al Reem Island, Deyaar contributes to the emirate’s ongoing urban development efforts while also supporting its status as a desirable investment locale. This project aligns with the UAE’s Vision 2030 initiative, which encompasses economic diversification, sustainable growth, and enhanced quality of life for residents.

As Al Qatami further articulated, “While contributing to Abu Dhabi’s economic growth and urban development, Rivage marks a proud moment for us at Deyaar as we continue to elevate the real estate landscape beyond Dubai and fulfill our promise to exceed the expectations of our valued customers and stakeholders.”

This venture signals a bright future for Deyaar, as it not only expands its geographical footprint but also strengthens its brand reputation as a builder of quality living experiences. With Rivage, Deyaar is well-positioned to challenge the conventional narratives of luxury real estate in the UAE, presenting new opportunities for advantageous investments and luxurious living in one of the emirate’s most picturesque locales.

Conclusion

As the UAE real estate market continues to expand and evolve, projects like Rivage play a crucial role in shaping its future. Deyaar’s venture into Abu Dhabi is not only a significant milestone for the company but a noteworthy addition to the emirate’s rapidly developing skyline. As families and investors alike flock to the unique offerings available on Al Reem Island, it is clear that this luxury development is set to make waves in the regional real estate sector.

Tags: #UAE #RealEstateNews #BusinessNews

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