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SDIC
About the company
Saadiyat Development and Investment Company (SDIC) is an Abu Dhabi based developer operating in the sphere of construction and selling real estate in the emirate since 2010. The company is headed by Rashid Al-Zaabi, the CEO, and Managing Director; Munir Haidar, who has more than 30 years’ experience in various areas of the real estate market. These include infrastructure projects, construction management, and business development in the USA, Europe, and the Middle East. The ruler's representative of the Western region for Abu Dhabi, and member of the Royal Family; Hamdan bin Zayed bin Sultan Al Nahyan is currently on the board of the investment company.
The SDIC's headquarters are located on Saadiyat Island. The same island is associated with the company’s key project, which brought it wide recognition with the elite coastal HIDD Al-Saadiyat residences. An important part of this large-scale project was the beach residential complex Qaryat Al Hidd, that was aunched in 2019.
SDIC cooperates with some of the leading financial organizations in the Emirates with the company signing agreements with the National Bank of Abu Dhabi, the largest bank in the UAE. It also has contracts with the Commercial Bank of Abu Dhabi, Islamic Al Hilal Bank, Abu Dhabi Finance, and Aseel Islamic Finance.
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The company’s key project - HIDD Al Saadiyat
HIDD Al Saadiyat is a coastal villa complex in the northeast of Saadiyat Island that was launched in 2016. HIDD Al Saadiyat consists of over 460 exclusive residences with 4-7 bedrooms. The developer offers 8 different layout configurations.
This large-scale complex is located 15 minutes drive from the Abu Dhabi mainland. Within the same time you can reach the nearest islands, Al Mina Island and Yas Island. The road to Dubai takes around 45 minutes.
HIDD Al Saadiyat is a large-scale project that occupies 150 hectares where the villas are located along a 9-kilometer coastal zone with white sand. HIDD Al Saadiyat offers a wide range of facilities for its residents, including: children's playgrounds, boutiques, supermarkets and restaurants. There are also green parks, pristine beaches, luxury hotels, educational institutions, a marina and a world-class yacht club. At HIDD Al Saadiyat, you can buy or rent a villa of any size and configuration.
In 2019, SDIC launched the second phase of the HIDD Al Saadiyat project – the Qaryat Al Hidd beach residential complex in the western part of the community. At the initial implementation, the SDIC management signed a contract with the Shapoorji Pallonji Middle East international holding company. Based in India, the company became the general contractor of the project. The project also involves representatives of other well-known foreign companies that work in the fields of design, architecture, and engineering: B+H Architects Corp, Drees & Sommer, Khatib & Alami.
The Qaryat al Hidd stated value is AED 1,500,000,000 (USD 408,400,000). The build-up area of 22 hectares will consist of three zones: Sunrise, Garden, and Sunset. According to the development plan, there will be 17 medium-rise residential buildings which will house more than 1,100 apartments with 1-4 bedrooms. All property units will be surrounded by green gardens and pedestrian paths as well as having amazing views of the promenade.
As well as HIDD Al Saadiyat, Qaryat al Hidd is a family-friendly residential complex. Although it is located away from the hustle and bustle of the city, its residents can easily and quickly get to the center of Abu Dhabi.
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