Tourism Development & Investment Company (TDIC), master developer of cultural, residential and tourism destinations in Abu Dhabi, today announced the first phase launch of the residential component of Eastern Mangroves for leasing.

The luxurious Eastern Mangroves Residences consist of a limited number of 50 residences including 48 three-bedroom apartments and two four-bedroom penthouses, offering the exclusivity of resort-style living and the convenience of a prime city location. The breathtaking views from apartments offer residents unobstructed views of the lush green mangroves naturally thriving on the edge of the Arabian Gulf waters, while an impressive Abu Dhabi skyline panoramically frames the background of this world-class development.

As for the first phase Eastern Mangroves Residences, TDIC is offering an exceptional launch period annual leasing price of AED 260,000. TDIC’s sales and leasing team has begun accepting bookings for this exceptional product as residences will be ready for tenants to move into by September 2012.

The exclusive residences form part of the Eastern Mangroves complex, which features the sleek and spacious Eastern Mangroves Promenade Apartments, the five-star Eastern Mangroves Hotel & Spa by Anantara (opened earlier this year), the Eastern Mangroves Promenade retail complex, and a vibrant marina. As part of Phase One, the residences will offer prospective residents the opportunity to live in some of Abu Dhabi’s most distinguished and luxurious apartments. Only 50 of these high-end units are available, which is indicative of the level of exclusivity they offer. Set across six low-rise buildings with only two apartments per floor, residents can enjoy high levels of privacy.

The Eastern Mangroves complex occupies a prime position along a 1.2-kilometre stretch of Abu Dhabi’s protected Eastern Mangroves district, and is only 15 minutes from Abu Dhabi International Airport. The development also benefits from being situated in one of the city’s most accessible locations, with easy access to the city centre via Al Salaam Street.

The apartments are finished to exceptionally high standards, with features including Bosch kitchen appliances, Crema and Areha Exotic Sand marble tops in the bathrooms, and teak timber wood and granite tops in the kitchens. Residents can also enjoy a number of private facilities, including a swimming pool area, gymnasium and extensive parking spaces. The residences are available in three-bedroom apartments, as well as four-bedroom penthouses, with sizes ranging from 298 to 309sqm, and terraces from 43 to 64sqm.

Ahmed Al Fahim, Executive Director of Marketing, Communications, Sales and Leasing at TDIC, said: "We are delighted to introduce such a high-end residential product at the Eastern Mangroves for leasing, as we believe these units offer a level of luxury that are distinctive to Abu Dhabi. What makes this product so unique is the high standard of finishes that have been used, as well of the levels of privacy each residence offers. Combine this with one of the city’s most enviable locations, stunning views over the natural mangroves, and the convenience of having a retail complex, five-star resort and extraordinary spa centre at your doorstep, and what you have is a most exciting luxurious residential project in Abu Dhabi."

Residents will enjoy a number of privileges and benefits from the Eastern Mangroves Hotel & Spa by Anantara including, the hotel’s á la carte services, in-residence housekeeping, laundry and spa treatment at special discounted rates. In addition, residents who wish to experience other high-end residences will have the opportunity to transfer from the Eastern Mangroves Residences to any of TDIC’s real estate portfolio including the prestigious St. Regis Apartments, St. Regis Villas, and Saadiyat Beach Villas with no exit penalty and minimum notice period.

As part of the second residential phase, the Eastern Mangroves Promenade Apartments offer a selection of 170 sleek and spacious apartments set across two buildings and that are available in studios and, one-, two- and three bedrooms.

Also, one, two and three-bedroom penthouses are available for this product. The apartments feature two swimming pools and two gymnasiums, as well as extensive car parking facilities, with sizes ranging from 57sqm for studios to 170sqm for the three-bedroom. Phase Two is soon to be launched for leasing and the first tenants will be able to start moving in by December 2012.

The complex also features the Eastern Mangroves Hotel & Spa by Anantara opened in June 2012, which comprises 222-room five-star hotel that offers a spa and a variety of restaurants. Eastern Mangroves is reachable both by land and by sea; a 30-berth marina will facilitate yachts and boats.

Residents of the apartments, as well as visitors, will also enjoy the convenience of having a vibrant retail complex right at their doorstep. The Promenade will feature an eclectic variety of outlets, including six restaurants to suit a range of tastes and price points, with a supermarket and ladies beauty salon. The Promenade is set to be completed in the fourth quarter of 2012 featuring a loose interpretation of a souk-type avenue with its arch-fronted open colonnade providing a pedestrian zone specifically for the retail areas, where residents can enjoy jogging, biking and various social activities.

The location of the retail area will also provide an inviting, enjoyable and open-air environment for customers and visitors who can benefit from extensive parking facilities including 370 parking spaces and a dedicated valet parking service.

A fully furnished residential show apartment which is available for viewing, offers visitors the opportunity to walk through their potential home to get a glimpse of the property’s luxury lifestyle experience.

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