ABU DHABI // Residents and visitors of Abu Dhabi will soon be able to visit a new high-end beach club, planned for the capital's Corniche.
The beach club will include amenities for the public as well as members. Non-beach hotels will be able to offer membership to their guests.
Abu Dhabi Municipality yesterday announced it would soon launch a tender for private sector bidders to develop and operate the beach club.
The beach club is part of Abu Dhabi's phase two Corniche expansions and will be located at The Lagoons Beach near West Plaza. Existing facilities will be upgraded and will include high-end food and beverage outlets.
Members will have access to the beach, outdoor pools, a health club and a deck area. A relaxation zone, water sports facilities and a children's play area will also be available.
"The project is designed to increase the range of quality public services and amenities available to both residents and visitors," said Rashed bin Ali Al Omaira, the municipality's advisor for investments and assets for the general manager's office.
"It presents an exciting infrastructure opportunity for the private sector and will continue to enhance the Corniche, which is already a popular visitor attraction."
According to the municipality's research, many of the city's four and five star hotels have no private beach facilities.
"So the beach club will also present an opportunity to cater to guests through membership," he said.
Through these projects, the municipality aims to enhance community service facilities and support the capital's hotels by providing their guests with more options.
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- The double taxation policy has been a contentious issue for decades, with many overseas Americans feeling that it punishes them for pursuing opportunities abroad
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While many have been quick to call a market collapse, this simply isn’t what we’re seeing on the ground. Many pockets of the global property market, including London and the UAE, continue to be compelling locations to invest in real estate.
While an air of uncertainty remains, the outlook is far better than anyone could have predicted. However, it is still important to consider the wider threat posed by Covid-19 when buying bricks and mortar.
Anything with outside space, gardens and private entrances is a must and these property features will see your investment keep its value should the pandemic drag on. In contrast, flats and particularly high-rise developments are falling in popularity and investors should avoid them at all costs.
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Lenders continue to lend and rates remain at an all-time low, so utilise this. There is no point in tying up cash when you can keep this liquidity to maximise other opportunities.
Keep your head and, as always when investing, take the long-term view. External factors such as coronavirus or Brexit will present challenges in the short-term, but the long-term outlook remains strong.
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