Construction on a new residential complex in Abu Dhabi’s uber-green Masdar City, has begun, UAE Interact reports.
The planned city was developed using sustainable development approaches. According to the CEO of Masdar, Dr. Ahmad Belhoul, the project is “built on knowledge and talent, home to leading research and development facilities, a free zone with world-class businesses, and soon a residential complex.”
The residential development will have 500 units of one- and two-bedroom apartments. All material construction will be verified sustainable materials, and the final building will meet LEED Gold and 3 Pearl Estidama sustainability criteria.
With pedestrian-friendly walkways connecting the residences to retail facilities and other amenities, developers hope it will attract more residents and businesses that are looking for a community “focused on innovation and sustainability.”
Construction of the residences fit perfectly with Abu Dhabi’s rising demand for housing, as its average annual population growth of 7.7% has outpaced inventory.
Read more at UAE Interact.
Related Stories
Multifamily Housing | Oct 12, 2015
Freddie Mac: Multifamily demand should outpace supply through 2016
Vacancy rates and rent growth are “converging” in most markets.
Multifamily Housing | Oct 7, 2015
BIG designs lush, terraced mixed-use building in Sweden
Cascading glass and wooden cubes create a form similar to Northern Ireland’s Giant’s Causeway rock formation.
Multifamily Housing | Oct 6, 2015
Multifamily completions in buildings with 50 or more units continues to climb
The Census Bureau estimates that 255,600 multifamily housing units were completed in 2014 in buildings with at least five or more units, representing a 37.3% increase over the previous year and the highest total in those multi-unit structures since 2009.
Multifamily Housing | Oct 2, 2015
Utilities should do more to give building owners energy use information
Owners of multi-tenant buildings lack basic information.
Multifamily Housing | Oct 1, 2015
Wiel Arets unveils twin, 558-foot mixed-use towers in Bahrain’s capital
The development, Bahrain Bay Tower, will consist of two residential towers connected “by a plinth of retail, office, parking, and public park space.”
Multifamily Housing | Sep 29, 2015
The developer that planned a mosque near Ground Zero now proposes a five-star condo tower instead
Sharif El-Gamal of Soho Properties is looking to cash in while lower Manhattan’s real estate market stays hot.
Multifamily Housing | Sep 28, 2015
Vo Trong Nghia’s 'diamond lotus' will feature sky garden pathways linking high-rises
The 22-story housing complex in Ho Chi Minh City will have façades covered with plants and a rooftop garden that connects the structures.
Multifamily Housing | Sep 23, 2015
Richard Meier unveils design scheme for residential high-rise in Taipei
The sleek and minimalist luxury tower will offer guests and residents views of the iconic Taipei 101.
Multifamily Housing | Sep 16, 2015
Kengo Kuma proposes ‘carved tower’ for downtown Vancouver
The 40-story residential tower, to be built in downtown Vancouver’s West End neighborhood, will have 188 residential units, "with many units within the carved deductions possessing substantially sized patios," according to Vancity Buzz.
Multifamily Housing | Sep 16, 2015
Quarter-acre of land is enough space for an upscale Chicago apartment complex
The building will hold 90 micro apartments, 40 pre-furnished extended-stay hotel rooms, and a small retail space on the ground floor.
