Sales surpass AED 1.6 billion for Aldar's Alreeman development
Sales surpass AED 1.6 billion for Aldar's Alreeman development
Buyers queued up overnight outside Aldar’s sales centre on Yas Island in order to secure plots within Aldar’s latest development – Alreeman in the Alshamkha area of Abu Dhabi.
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Image supplied by AldarBuyers queued up overnight outside Aldar’s sales centre on Yas Island in order to secure plots within Aldar’s latest development – Alreeman in the Alshamkha area of Abu Dhabi. -
Image supplied by AldarBuyers queued up overnight outside Aldar’s sales centre on Yas Island in order to secure plots within Aldar’s latest development – Alreeman in the Alshamkha area of Abu Dhabi.
The development has been a huge hit with buyers, recording sales of AED 1.6 billion.
Buyers have been drawn to the commercial plot offering allowing customers to build apartment buildings as well as villa plots.
With investment zone status and located in close proximity to the Abu Dhabi International Airport and key arterial highways, Alreeman, which is a master-planned, infrastructure enabled community, offers land - with prices starting from AED 690,000 for villa plots and AED 4.69 million for commercial plots.
Related reading: Aldar launches AED $2 billion mixed-use development in Alshamkha
Catering to the mid-income segment, Alreeman builds on Aldar’s successful development strategy and further expands its focus into new areas of Abu Dhabi.
Talal al Dhiyebi, Chief Executive Officer, Aldar Properties, said the development is "another example of the well defined and executed destination development strategy that Aldar is known for".
"Tapping into the latent demand within key segments of investors, Alreeman is a ringing endorsement for bringing to market the right product, at the right time, and at the right price point – shown by achieving AED 1.6 billion in sales.
Pictured: Alreeman. Image supplied by Aldar.
"Abu Dhabi is proving that its real estate market is both attractive and resilient, particularly in the context of 2018 which witnessed significant government initiatives such as Ghadan 21, and we see our sales performance as a positive sign that these are now feeding directly into the market.”
Maan Al Awlaqi, Executive Director - Commercial at Aldar said the response has been "incredible".
"Buyers have flocked to our highly compelling land plot development which is well located and close to major amenities. This is a fantastic start to our year, and we are seeing a really diverse buyer mix for both our commercial plots and our villa plots as people see the major yield potential on offer for this product.”
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