MERED Opens Al Reem Island Floating Sales Gallery, Said to Be a First for Abu Dhabi

MERED has launched a floating sales gallery on the waters of Al Reem Island, Abu Dhabi, as the entry point for Riviera Residences, its waterfront residential project currently under development on the island.

The gallery sits directly adjacent to the project site and has been designed to reflect the identity of Riviera Residences, drawing on Mediterranean and Emirati design references. The launch was attended by leadership from Abu Dhabi Global Market alongside MERED executives and project partners.

Riviera Residences spans two plots totalling more than 23,400 square metres on Al Reem Island. The project is designed by Pritzker Prize-winning architects Herzog & de Meuron, with landscape design by Michel Desvigne Paysagiste, technical leadership by DAR Al-Handasah, and enabling works by NSCC International. The development will comprise over 400 apartments and 11 villas, including sky villas, bay villas, and a penthouse, alongside landscaped gardens, a waterfront promenade, and retail and dining outlets.

MERED announced that enabling works on the project have crossed the 60% completion mark, covering guide walls, shoring, contiguous piling, ground improvement, and deep foundation works.

CEO Michael Belton cited Abu Dhabi's current market momentum as context for the launch, noting a 160% rise in real estate transaction value in Q1 2026. Foreign direct investment in Abu Dhabi's real estate sector reached approximately AED 8 billion in Q1 2026, a figure comparable to total FDI recorded across all of 2025, with investors from 99 nationalities participating.

Al Reem Island sits in proximity to the Abu Dhabi Global Market financial centre, Reem Central Park, Galleria Mall, and the Saadiyat Cultural District, and is ranked among the capital's more active real estate markets.