Aldar unveils DH10B project
dubai — Abu Dhabi’s newest master-planned community, the Dh10 billion Alghadeer, will deliver over 14,000 homes in 15 years.
Unveiled by Aldar Properties on Monday, the mega project located close to Dubai border comprises vil- las, townhouses, and maisonettes.
The first neighbourhood of 611 homes will be on sale at Cityscape Abu Dhabi at prices starting from Dh290,000 for maisonettes, and from Dh899,900 for townhouses, the developer said.
Construction of the first phase is scheduled to commence in 2018 and be completed during 2021.
Spread over a residential gross floor area exceeding 1.3 million sqm, the mega development will feature office space, retail space, hospitality, education and community amenities.
Talal Al Dhiyebi, chief executive officer, Aldar Properties, said the launch of Alghadeer is a statement of Aldar’s ambition.
“From its strategic location to its sustainable living initiatives, Alghadeer signals the creation of a new way of living for UAE residents, now and in the future. We are confident of the demand for a community which offers a distinct lifestyle — peaceful residential neighbourhoods, within close proximity to the bustling cities of Abu Dhabi and Dubai.”
He said Alghadeer is designed to benefit from the significant growth being experienced in the north of Abu Dhabi and the south of Dubai. This area of the UAE includes major job creating projects such as Dubai Expo 2020, KIZAD, Dubai World Central incorporating Dubai South, the Al Maktoum Airport, as well as Dubai Industrial and Wholesale Cities, which will further boost the demand for high quality living spaces on the border of the two emirates.
The development, with easy access to the UAE’s arterial highways, promises to be home to those seeking both connectivity, and an escape from city life.
Al Dhiyebi said the new project further underlined how Aldar is expanding its successful destinationled strategy to additional areas of Abu Dhabi, capitalising on the UAE’s flourishing population as well as our reputation as Abu Dhabi’s leading developer. “The scale and 15-year timeframe of the development underlines Aldar’s confidence in the Abu Dhabi residential market.”
The Harvest, a multi-use agricultural led space featuring allotments, will be at the heart of Alghadeer. Other neighbourhoods include The Hub — a F&B outlet, The Studio — an educational area for training and workshops, The Shed — a dedicated area for purchasing farming tools and supplies, and The Market — a retail area for freshly grown produce, and The Field — where people can rent plots and grow their own produce.
“Appealing to those who prefer wide-open spaces and unique recreational amenities, the destination will also feature lakes, running and cycle tracks, gym, camping and BBQ sites and a network of walkable gardens and parks lit entirely by solar powered lights,” the developer said.
The masterplan also includes schools, a hotel, public garden areas, community swimming pools, multi-use sports areas, and community centres.
The Alghadeer masterplan incorporates Aldar’s existing community of the same name which boasts over 2,000 homes and is a thriving destination for many families.
In March, Aldar joined hands with Emaar to launch a massive Dh30 billion worth of iconic and lifestyle projects locally and internationally. The two developers will also initially jointly develop Emaar Beach Front in Dubai and Saadiyat Grove at Saadiyat Island in Abu Dhabi in what promises to be the largest crossemirate joint venture.
— issacjohn@khaleejtimes.com
The scale and 15-year timeframe of the development underlines Aldar’s confidence in the Abu Dhabi residential market Talal Al Dhiyebi, CEO, Aldar Properties