{"id":9478,"date":"2016-03-31T00:32:18","date_gmt":"2016-03-30T17:32:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=9478"},"modified":"2016-03-30T22:49:25","modified_gmt":"2016-03-30T15:49:25","slug":"abu-dhabi-housing-scheme-includes-plans-for-uaes-largest-aquarium","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-housing-scheme-includes-plans-for-uaes-largest-aquarium\/","title":{"rendered":"Abu Dhabi housing scheme includes plans for UAE's largest aquarium"},"content":{"rendered":"


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\nPlans to build the largest aquarium in the UAE as part of a Dh850 million housing and tourism complex have been unveiled by Abu Dhabi property company Al Barakah International Investments and Abu Dhabi Municipality.At a ceremony Wednesday, Al Barakah, which owns the Lifecare hospital in the Musaffah area of the capital and the refrigeration and cooling District Cole plant, said that it had struck a deal with Abu Dhabi Municipality to build and operate the 150,000 square metre housing and marina complex for 30 years.
\nThe project, which is to be built under a “musathaha” agreement or Build Operate Transfer agreement, will include a 5,000 metre aquarium, a 98 berth marina suitable for mini yachts, cafes and restaurants, and three or four storeys of furnished apartments which will be available for rent.Al Barakah said that the aquarium would “absolutely” be bigger than the one which currently draws crowds in The Dubai Mall.
\nMeasuring 51 metres by 20 metres by 11 metres the Dubai Mall aquarium is currently is one of the largest fish tanks in the world and includes one of the largest viewing panels in the world. It houses more than 33,000 living animals and represents more than 85 different species.The new Abu Dhabi project will be located on 2.4 kilometres of waterside land in the Maqta area of the city opposite the Shangri La hotel and is expected to be completed in the second quarter of 2018.
\nThe company said it would fund the development with 30 per cent equity from its own resources and 70 per cent debt funding with a local bank.”The tourist market in Abu Dhabi is expanding like crazy, especially with what Etihad Airways are doing so Abu Dhabi wants to be on the touristic kind of map,” said Moataz Mashal, managing director of Al Barakah. “This is one of the main projects which will start putting Abu Dhabi on that map.”
\nHe added that the company would reveal more details about the new aquarium at Cityscape Abu Dhabi next month.”We want to be the biggest in Abu Dhabi because there is a competitor trying to exceed us,” Mr Mashal said. “We are aiming to be the biggest in the UAE.”lbarnard@thenational.ae
\n
\nSource : thenational.ae
\nRead more…Abu Dhabi housing scheme includes plans for UAE’s largest aquarium<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Plans to build the largest aquarium in the UAE as part of a Dh850...<\/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-9478","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\/p75ss1-2sS","jetpack-related-posts":[{"id":9552,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/230m-marina-project-planned-for-abu-dhabi\/","url_meta":{"origin":9478,"position":0},"title":"$230m marina project planned for Abu Dhabi","date":"March 31, 2016","format":false,"excerpt":"\r Al Barakah International Investments said to build 150,000 sq m mixed-use scheme in Maqta\r \r Source : arabianbusiness.com\r Read more...0m marina project planned for Abu Dhabi","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":48854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-developer-aldar-sets-sights-on-yas-and-reem-projects\/","url_meta":{"origin":9478,"position":1},"title":"Abu Dhabi developer Aldar sets sights on Yas and Reem projects","date":"March 21, 2017","format":false,"excerpt":"\r Aldar Properties expects to invest Dh1.9 billion in developing four new projects on Reem Island and Yas Island in Abu Dhabi as part of the company's plans to boost its recurring revenue. Abu Dhabi's largest listed property developer said on Monday in a statement it plans to build a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bloom-properties-plans-affordable-housing-in-abu-dhabi-and-dubai\/","url_meta":{"origin":9478,"position":2},"title":"Bloom Properties plans affordable housing in Abu Dhabi and Dubai","date":"September 4, 2016","format":false,"excerpt":"\r Bloom Properties is planning to build 3,000 flats in Abu Dhabi which can be rented out for as little as Dh45,000 a year.The Abu Dhabi-based developer said that it planned to build five blocks of what it calls \"mid range\" housing in the capital after buyers reserved 182 of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-properties-q2-net-profit-up-9-7-despite-property-slowdown-in-abu-dhabi\/","url_meta":{"origin":9478,"position":3},"title":"Aldar Properties Q2 net profit up 9.7% despite property slowdown in Abu Dhabi","date":"August 2, 2016","format":false,"excerpt":"\r Second quarter profits at Aldar Properties rose by nearly a tenth despite a slowdown in the city's property market.Abu Dhabi's largest listed house builder said profits for the three months to the end of June rose 9.7 per cent compared with the same period a year ago to Dh657.3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47751,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-office-rents-to-decline-further\/","url_meta":{"origin":9478,"position":4},"title":"Abu Dhabi office rents to decline further","date":"March 12, 2017","format":false,"excerpt":"\r Office rents in Abu Dhabi are expected to fall further this year as the office market continues to be hit by the mergers of some of the capital's largest companies, and lay-offs in the oil and gas sector.According to research by property broker CBRE, office rents in Abu Dhabi\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10418,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-developer-aldar-to-build-1315-villas-on-yas-island\/","url_meta":{"origin":9478,"position":5},"title":"Abu Dhabi developer Aldar to build 1,315 villas on Yas Island","date":"April 11, 2016","format":false,"excerpt":"\r \r Abu Dhabi's largest property developer has announced plans to build more than 1,000 villas on Yas Island.Aldar Properties unveiled plans for Yas Acres, a Dh6 billion project of 1,315 new villas which it plans to build on the northern shores of Yas Island alongside a golf course, club\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9478"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=9478"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9478\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=9478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=9478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=9478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}