Wednesday 30 September 2020

Aldar completes sale of 557 Abu Dhabi residential plots

ABU DHABI, June 24, 2019

Leading UAE developer Aldar Properties has announced the sale of all the 557 plots of land - each priced at Dh690,000 ($187,823) onwards - in Phase One of Alreeman 2, a residential community in the Alshamkha area of Abu Dhabi.

The plots in the Dh1.7-billion ($463 million) master-planned development are available exclusively for purchase to Emiratis, reported a local daily.

Spread across a 2.4-million-sq-m area, the development features 1,690 villa plots, which range between 500 to 1,000 sq m in size. Residents will benefit from a wide range of amenities including a school, retail offerings, parks, mosques, and running and cycling tracks catering to their specific needs and interests.

Aldar will continue selling 1,133 land plots of the second and third phases of the project, according to Al Ittihad.

The Alreeman II follows the runaway success of Alreeman, launched this January which generated Dh1.6 billion ($435 million) in sales, it stated.

Alreeman II addresses pent up demand for affordable, infrastructure-enabled land plots where owners can build homes to their exact specifications and taste, it added.


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