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Completion Of ’Reem Diamond’ Luxury Residential Project Marks Major Milestone On Abu Dhabi Real Estate Scene
(30 September 2013)
Exclusive Seaside Project In Abu Dhabi’s Al Reem Island Is Developed By A Hong Kong Construction Conglomerate


Smartwill Asia Limited, a subsidiary of veteran Hong Kong based construction conglomerate Chun Wo Development Holdings Limited announced today (Thursday 26th September 2013) at a glittering ceremony the completion of The Reem Diamond, an exclusive residential project being built in the Abu Dhabi’s Al Reem Island.

The seaside development which supports a natural, open-air lifestyle marks a major milestone in the Abu Dhabi real estate scene and reinforces the return of buoyancy to the emirate’s real estate industry.

The celebration was attended by Mr. He Song, Economic & Commercial Counsellor, Embassy of the People’s Republic of China in the UAE, Mr. Anthony Poon, Director of Property Development, Chun Wo Development Holdings, Mr. Gurjit Singh, Chief Development Officer, Aldar Properties, Mr. Perry Fung, Regional Director, Middle East and Africa, Hong Kong Trade Development Council, Mr. Hussam Mahmond Izeddin, General Manager, Meera Engineering Consultancy Bureau, and Mr. Ziad E. Rouayheb, Managing Director, Arabian Construction Company (ACC)

Commenting on the real-estate sector in Abu Dhabi, Mr. Anthony Poon, Director of Property Development, Chun Wo Development Holdings, said: “The Abu Dhabi real estate industry is reinforcing its position on the global map and going from strength to strength, thanks to the emirate’s solid infrastructure in addition to the great ambience it offers to its nationals, expatriates and tourists alike. The Emirate it is attracting an influx of tourists and residents from around the world and continuously making huge investments in construction and infrastructure sectors.”

“The Reem Diamond is our crowning glory in our quest to bring our unique brand of construction and property development to Abu Dhabi,” he added.

The Reem Diamond has a total saleable area of approximately 61,686 feet and it houses 48 units ranging from 1-bedroom units to 3-bedroom duplexes. The residential building features an infinity sky pool, spacious balconies with sea views, and tailor-made floor plans to cater to a wide range of individual tastes.

“The Reem Diamond, which is the first residential project in Abu Dhabi to be financed and developed by a Hong Kong Developer, is strategically located at the Shams Abu Dhabi of Al Reem Island, a natural island 600 meters off the coast of Abu Dhabi. The Island is one of the emirate’s first free zones where foreign nationals can purchase property on leasehold,” Mr. Poon added.

He said: “The convenient location offers access to the beach within a minute’s walk and Boutik Shopping Mall in two minutes’ walk. The Repton Abu Dhabi School is just three minutes’ drive away Al Wahda Mall and down town 10 minutes and Abu Dhabi International Airport 30 minutes, making it an ideal residential option in the Emirate.”

“Today, we are proud to be among the top 5 construction conglomerate in Hong Kong, participating in quite a few large-scale Core-Infrastructure works and construction projects for the HK Government. We have our footprints in 11 major cities of 5 countries. Our passion for excellence and quality eventually led us to the property development sector, where for the past 15 years we have excelled in Hong Kong, the People’s Republic of China and Vietnam’s Ho Chi Minh City. In 2007 we made another new page in the Abu Dhabi,” said Mr. Poon.

The tower, which is located on the beachfront in the prestigious Gate District and has direct access to the beach commanding panoramic mangrove views, is designed as a low-density 10-storey, exclusive living habitat for 48 residents only, amid super-high rise curtain-walled building clusters.

The elegantly designed architecture features boutique-hotel type interiors, big cantilevering balconies, gym facilities, roof deck with infinity pool together with juice bar and BBQ area. The main philosophy of designing this tower is enhancing the theme of “a Global Citizen Living by the Sea” in the UAE.

Reem Diamond, designed as a “human-scaled” living habitat, features 10-storey residential floors only. Large curvy cantilevering balconies, echoing the waving water of the beach, provide a link to the nature with the living room.

Chun Wo Development Holdings Limited has been undertaking large-scale and diverse construction projects for 44 years. Among its key property development and construction markets are Hong Kong, Taiwan, Macau, Vietnam and the People’s Republic of China. Chun Wo aims to gain a firmer foothold in the Middle Eastern property markets via strategic developments such as the Reem Diamond.

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