Developer license for Al Farwaniya
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Al Farwaniya Property Development LLC, the partnership established between NREC and UPAC for the development of Abu Dhabi’s Reem Mall recently received its Developer License.
The license was granted from the Abu Dhabi Department of Municipal Affairs under provisions of the new Real Estate Law which came into effect 1 January 2016.
The US$ one billion retail development comprises around 450 stores including 85 food and beverage outlets, hypermarket, four department stores, multiplex cinema, two food courts and the world’s largest indoor snow play park. Developed by NREC and UPAC, Reem Mall is expected to open in late 2018.
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