First ‘green’ homes to be built in Masdar City

ABU DHABI / WAM

LEAD Development and Project Management Consultants (LEAD) and The National Investor (TNI)
will build the first residential community of private ‘green’ villas and townhouses at Masdar City, Abu Dhabi’s flagship sustainable urban development, it was announced.
The project, which will also include apartments, is to be delivered over 250,000 sqm of gross floor area (GFA). The freehold real estate development will accommodate around 5,000 residents when completed in 2022, and will be open to both UAE and foreign national investors, the developers said in an emailed press release.
Located in southern district of Masdar City’s Free Zone, the project will meet a minimum 3 Pearl rating according to Abu Dhabi Urban Planning Council’s ‘Estidama’ sustainability framework for built enviro- nments and urban communities. Abdullah M. Mazrui, Chairman of TNI, said, “LEAD and TNI will work with Masdar team to deliver a project in line with Abu Dhabi’s regulations for sustainable, water and energy efficient real estate devel- opments.”
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, Abu Dhabi’s renewable energy company, said, “Our ongoing successful development of Masdar City is demonstrating how cities can be economically, socially and environmentally sustainable, reducing energy and water demand and the production of waste efficiently and cost effectively, while also building thriving communities.”