Yasseen Mansour,
Chairman of Palm Hills Developments, revealed that the new project, named
“Saadiyat Shores,” is expected to achieve AED 25 billion (around $7 billion) in
sales, with construction costs estimated at AED 14 billion, excluding the land
value.
Mansour explained that the project will cover an area of 1.8
million square meters and will feature approximately 620 villas and 1,000
residential apartments. It will be built on three interconnected islands: Zen
Island, inspired by Japanese architecture and landscapes; Reef Isle, which
includes a marina and curved buildings designed with biophilic architecture;
and Wellness Island, dedicated to relaxation and wellness.
The project aims to provide a comprehensive experience
combining luxury living, leisure, and advanced services, as part of a long-term
strategic vision to strengthen the luxury real estate market in the region.
Mansour noted significant interest from international
investors, particularly from the UK, France, Germany, and the United States,
highlighting that the UAE offers a safe environment, advanced digital
infrastructure, and sophisticated government services that enhance its appeal
as a preferred destination for investment and long-term residency.