FINANCIAL NEWS

Abu Dhabi’s TDIC sells over 60% of Saadiyat villas

14 Apr 2011

(MENAFN) Abu Dhabi’s Tourism Development Investment Company (TDIC) said that says it would deliver more than 344 villas on Saadiyat Island, a St Regis Resort, a Park Hyatt Hotel and the Monte Carlo Beach Club, reported Arabian Business.

TDIC said that over sixty percent of the villas in the first phase of the under construction Saadiyat Beach have already been sold. The developer added that no price reductions were needed as sales were going well.

It is worth noting that such villas are on the market for between USD1.7million and USD12million.

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