Flagship real estate investing opportunity - Abu Dhabi

Sales are under way at a flagship Abu Dhabi development featuring a unique combination of sporting and residential facilities.

Capitala has started selling units in Rihan Heights, the first phase of the Arzanah development surrounding the Emirate’s Zayed Stadium and covering 1.4 million square metres.

Rihan Heights involves 14 exclusive villas and five residential towers with more than 800 homes ranging from one to three bedroom apartments to penthouses.

Facilities include a canal, manicured gardens and club and spa, plus a pristine private beach.

Heang Fine Wong, acting chief executive of Capitala said:

“We are thrilled that not only are we offering our first phase to the market and starting to build long term relationships with our buyers, we are doing so with construction already under way and currently progressing ahead of schedule, and with mortgage financing offered to our buyers through First Gulf Bank.”

When complete the whole site will house 9,000 residences and a predicted population of 18,000 people.

Capitala is an Abu Dhabi-based real estate developer founded this year by a partnership between business and investment firm Mubadala and CapitaLand, one of the biggest property firms in Asia.

Abu Dhabi remains one of the hottest property investment spots in the UAE, with prices up by as much as 100 per cent in some areas during recent months.

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