{"id":48037,"date":"2017-03-15T01:29:38","date_gmt":"2017-03-14T18:29:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=48037"},"modified":"2017-03-14T22:37:14","modified_gmt":"2017-03-14T15:37:14","slug":"lead-development-and-tni-team-up-on-masdar-city-development","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lead-development-and-tni-team-up-on-masdar-city-development\/","title":{"rendered":"Lead Development and TNI team up on Masdar City development"},"content":{"rendered":"


\nAbu Dhabi-based developer Lead Development and The National Investor (TNI) are joining forces to build the first private villa and town house community at Masdar City.In a statement on Tuesday, Lead and TNI said that they had jointly bought a 830,000-square-metre plot in the southern district of Masdar City’s Free Zone, which is planned to develop as middle-income housing.Lead, which was founded in 2010 by former Sorouh chief executive Mounir Haidar, said that it was still finalising its plans for the Masdar residential community and so could not say how many villas it would build on the site. However, it added that the project would cover a floor area of 250,000 sq metres and would eventually accommodate around 5,000 residents.The developer, which is currently working as project management consultant on the Hidd Al Saadiyat villa development on Saadiyat Island, Capital Plaza on the Abu Dhabi Corniche and 98 villas on the Eastern Ring Road, said that it expected to complete the development in 2022.Last year Abu Dhabi’s Urban Planning Council approved detailed master plans for a 637,000-sq-metre phase 2 of Masdar City which will include a research and development cluster, 2,000 apartments and a Gems school as well as another 341,000 sq metres phase which will include 1,000 homes.Most of the new developments will be built by third-party developers with Mubadala-owned Masdar acting as a master developer.Only about 5 per cent of the Norman Foster-designed Masdar City master plan has been completed, most of which includes the prestigious Masdar Institute, which specialises in researching renewable technology.The development, which was first unveiled in 2007 as the world’s first entirely self-sustaining, zero-carbon, zero-waste, car-free city, was originally slated to be completed in 2016.By the end of 2016, Masdar was originally envisaged to be housing 40,000 residents and 50,000 workers in super-sustainable surroundings.But the project was hit hard by the 2008 global financial crisis which effectively put a break on Masdar’s development. This forced the developer to redesign the project along more commercial lines, drop plans to make the development carbon-neutral and to invite third- party developers to build out large chunks of the city.Lead and TNI said that its project would meet a minimum 3 pearl rating – two notches from the optimum super-green 5 pearl rating laid out by Abu Dhabi UPC’s Estidama sustainability framework. Originally Masdar had said that it hoped most of the developments in the master plan would reach 4 pearl rating.”It is a great opportunity to be working closely with Masdar to deliver this unique sustainable development,” said Abdullah Mazrui, the 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, \u00adwater and energy efficient real estate developments.”lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Lead Development and TNI team up on Masdar City development<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Abu Dhabi-based developer Lead Development and The National Investor (TNI) are joining forces to build...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-48037","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-cuN","jetpack-related-posts":[{"id":10504,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/masdar-masterplans-for-super-green-community-gets-abu-dhabi-approval\/","url_meta":{"origin":48037,"position":0},"title":"Masdar masterplans for super-green community gets Abu Dhabi approval","date":"April 12, 2016","format":false,"excerpt":"\r \r Lucy BarnardMasdar has won planning consent to build thousands of apartments and villas at its super-green Masdar City community in Abu Dhabi.The government-owned eco-developer said that it had been granted planning consent by the Abu Dhabi Urban Planning Council to build two new phases of its vast masterplan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10508,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/masdar-detailed-master-plans-for-super-green-community-given-abu-dhabi-approval\/","url_meta":{"origin":48037,"position":1},"title":"Masdar detailed master plans for super-green community given Abu Dhabi approval","date":"April 12, 2016","format":false,"excerpt":"\r \r Masdar has won planning consent to build thousands of apartments and villas at its \u00adsuper-green Masdar City community in Abu Dhabi.The government-owned eco-developer said that it had been granted planning consent by the Abu Dhabi Urban Planning Council to build two new phases of its vast master plan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10524,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/masdar-master-plans-for-super-green-community-given-abu-dhabi-approval\/","url_meta":{"origin":48037,"position":2},"title":"Masdar master plans for super-green community given Abu Dhabi approval","date":"April 12, 2016","format":false,"excerpt":"\r \r Masdar has won planning consent to build thousands of apartments and villas at its super-green Masdar City community in Abu Dhabi.The government-owned eco-developer said that it had been granted planning consent by the Abu Dhabi Urban Planning Council to build two new phases of its vast master plan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":151400,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-inks-mou-to-build-advanced-life-sciences-labs-in-masdar-city\/","url_meta":{"origin":48037,"position":3},"title":"Abu Dhabi inks MoU to build advanced life sciences labs in Masdar City","date":"April 17, 2025","format":false,"excerpt":"\r The agreement aims to support the development of infrastructure for laboratory spaces within Masdar City\r \r Source : arabianbusiness.com\r Read more...Abu Dhabi inks MoU to build advanced life sciences labs in Masdar City","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/04\/Abu-Dhabi-life-sciences-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":47995,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hill-international-to-manage-new-masdar-city-project\/","url_meta":{"origin":48037,"position":4},"title":"Hill International to manage new Masdar City project","date":"March 14, 2017","format":false,"excerpt":"\r US-based project manager Hill International has won a contract to oversee the construction of the latest phase of development at Masdar City.The company has gained a three-year, Dh12.2m contract to project manage the construction of Masdar Institute Neighbourhood \u2014 a new, mixed, use project containing more than 1.1 million\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40169,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/majid-al-futtaim-plans-to-open-masdar-city-mall-in-2018\/","url_meta":{"origin":48037,"position":5},"title":"Majid Al Futtaim plans to open Masdar City mall in 2018","date":"January 10, 2017","format":false,"excerpt":"\r Majid Al Futtaim Group intends to open its new My City Centre Masdar mall in Masdar City by the end of next year.The company, which announced that it was building the mall as part of a proposed Dh30 billion worth of investments in June last year, has said that\u2026","rel":"","context":"In "Property 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