Damac Properties unveiled a green luxury development - 24-storey Marina Bay at the 'Najmat Abu Dhabi' on Al Reem Island.

The exclusive eco-friendly project provides a rejuvenating lifestyle, offers the pleasure of owning a waterfront property and endows one with the most exquisite views of the canal that connects the entire development. Ideally located, the Marina Bay is just 300 metres away from Abu Dhabi City Centre and 20 minutes drive from the Abu Dhabi International Airport, the company said in a statement.

The development is a mixed use tower that offers retail on ground and mezzanine levels, offices on podium level and penthouses and duplexes on the higher floors, it added.

"The construction activity in Abu Dhabi is growing rapidly and the landscape is set to witness a significant change in the coming years. Coupled with the current construction boom and expected increase in population to more than double within a decade makes Abu Dhabi an ideal investment opportunity and a great place to live," said Damac Holding Chairman Hussain Sajwani.

"The Launch of Marina Bay in Abu Dhabi further strengthens our presence in the region and especially in Abu Dhabi. Damac has launched over 80 project globally and this is our second development in Abu Dhabi," he added.

"Marina Bay is a distinguished lifestyle investment and is located on one of the most admirable master planned development. The development is designed to enhance the wealth and well-being of people while maximizing water efficiency and using intelligent integrated building management systems" said Damac Properties CEO Peter Riddoch.

"According to reports the emirate has a $2.4 trillion of construction developments in the pipeline and we are proud to be part of this development process", said Riddoch.

Marina Bay's residential blocks offer 1, 2 and 3 bedroom apartments and are equipped with smart home technology, camera supervised covered parking on 3 podiums of the tower with a 24-hour resident's service and a concierge service, the company said.

The development comprises of a state-of-the-art gym, a spa with steam, sauna and massages, meditation, yoga room and children's playroom. The additional leisure facilities include a pool, entertainment and games room with a pool table, table tennis, football, carom and other indoor sports, it added.

The retail blocks offer high-class retail brands, landscaped surroundings with restaurants, cafes and boutiques, while the commercial blocks offer hi-speed internet, business lounge, business centre and 24-hour security camera's, the company said.

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