Master developer’s investment in Najmat shows confidence in success of US$8 billion real estate development on Reem Island. Reem Investments has signed a non-binding letter of intent with Nobu Hospitality to operate and manage the planned Nobu Hotel at Najmat, Reem Island, Abu Dhabi.
The spectacular development will occupy a prime position on Najmat Marina and Canal, delivering panoramic views of the Abu Dhabi skyline. Guests will have exclusive access to a variety of destination dining and entertainment facilities in addition to the Nobu Restaurant, as well as a private beach. The waterfront hotel will feature a new addition to the celebrated chain of Nobu restaurants, which are as renowned for their celebrity clientele as much as their unique culinary brand.Reem Investments’ pledge is to give value and deliver strong financial returns by identifying the most attractive investment opportunities in established capitals in the world, and in fast developing and emerging markets.The luxury hotel will deliver world-class accommodation and service that are synonymous with Nobu Hospitality and in the vision of Reem Investments, the master developer for Najmat, a US$8 billion, 16 million sq ft real estate development on Reem Island, just 300 metres off the coast of Abu Dhabi’s city centre.“We look forward to establishing a close working partnership with Nobu Hospitality to create a new focal point for luxury lifestyle and hospitality in Abu Dhabi,” said Bambang Sugeng Bin Kajairi, Chief Executive Officer of Reem Investments. “Our partnership reflects our complete confidence in Najmat which will deliver so much in terms of benefits for investors, for all the people who will live and work there, and for Abu Dhabi which joins an elite selection of Nobu destinations.”The design will maximise the waterfront views of the site location, and in addition to the Nobu Restaurant outlets and facilities will include a variety of other captivating restaurants and bars, a spa and gymnasium, private cabanas, retail outlets and full beachfront service.The completion of the transaction is subject to a number of conditions, including the negotiation of definitive documentation, the finalisation of capital financing and the final approval of this transaction by the board of directors of Reem Investments and the shareholders of Nobu Hospitality.With a strong home base in Abu Dhabi, Reem Investments’ influence and impact extends across the GCC region and the world. The company develops, executes and manages investment strategies to expand their core business in real estate investment and development, and financial investments.Reem Investments’ pledge is to give value and deliver strong financial returns by identifying the most attractive investment opportunities in established capitals in the world, and in fast developing and emerging markets.
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