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TDIC announces complete lease of first phase
posted on 19/01/2012
 Following the successful launch of phase one of The Residences at The St. Regis Saadiyat Island Resort, Tourism Development and Investment Company (TDIC), the master developer of Saadiyat in Abu Dhabi, yesterday announced the launch of phase two.
An additional 60 St. Regis-branded apartments are now available for lease and will be accessible for tenants to move into from March 2012. Flexible payment terms and a number of mortgage leasing options are available for prospective clients.
The apartments form part of The Residences at The St. Regis Saadiyat Island Resort - an exclusive residential community on the island. The launch of phase one in November 2011 included the release of 75 apartments, which were fully leased in just over a month, with the first tenants having already moved in.
The successful launch of the apartments also led to an increased demand for The St. Regis Villas. These villas are now available for lease and will be ready for tenants to move into starting February 1, 2012.
Ahmed Al Fahim, Executive Director of Marketing, Communications, Sales '&' Leasing, TDIC, commented: "Since the launch of phase one, we have received a phenomenal amount of interest for the St. Regis apartments. This is hardly surprising since these apartments are located on Saadiyat, one of Abu Dhabi's most sought-after addresses. They also offer tenants a complete lifestyle experience." "We are pleased to not only release a second batch of apartments, but to also make available for lease a number of exclusive St. Regis Villas. During our leasing campaign for the apartments we received a significant amount of interest from potential tenants wishing to rent these exclusive villas. We therefore decided to release 12 of the 32 villas for leasing purposes." added Al Fahim.
Located on Saadiyat island, a ten-minute drive from the city centre of Abu Dhabi, the apartments and villas feature stunning views of the Arabian Gulf and Saadiyat Beach Golf Course offering tenants the exclusive opportunity to experience signature living in the region.
The Residences at The St. Regis Saadiyat Island Resort is within walking distance of the resort's 377 guest rooms and suites and high-end retail complex, The Collection, which will become fully operational in stages throughout 2012. It will provide residents with a number of amenities at their doorstep, including laundry services, banks, a salon, minimart and restaurants. Dining options will include regional and international cuisine, while those looking for pre and post-dinner options will also be catered for. - Emirates News Agency, WAM
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