Aldar launches Dh2B development
Dubai gets new branded apartments
abu dhabi — Aldar Properties has announced the launch of a Dh2 billion development, Alreeman in Alshamkha.
With investment zone status and located in proximity to the Abu Dhabi International Airport and key arterial highways, the mid-market, mixed-use development offers residential and commercial land plots available for purchase by all nationalities.
Alreeman is spread over an area of 2.8 million square metres. The land plots include a series of residential clusters that will feature single and multi-residential villas and apartments, complemented by retail space, F&B, mosques, sports, education and commercial facilities.
Sales for the land plots will commence on January 19 at Aldar’s sales centre on Yas Island, with prices starting from Dh690,000 for villa plots and Dh4.69 million for commercial plots.
design freedom
A key feature of Alreeman is the purchaser’s ability to design their villa or apartment building according to their exact specifications within the approved limits imposed by the GFA.
Talal Al Dhiyebi, CEO of Aldar, said: “The launch of Alreeman builds on Aldar’s successful development strategy and further expands our focus to new areas of Abu Dhabi. Catering to the midincome segment, this development responds to market demand to live in a desirable community with a wide range of facilities while also appealing to investors looking to construct apartment buildings or villas to generate recurring income.”
Maan Al Awlaqi, executive director — commercial at Aldar, said: “On the back of our successful mid-market developments — the Bridges, Waters Edge and Alghadeer, we are witnessing significant pent-up demand for mid-market land plots. Offering smaller, more efficient sizes in an up-and-coming location, with ready infrastructure, and places of interest in the vicinity — Alreeman represents value. Its location, expected appeal with investors as well as end-users makes Alreeman a fantastic opportunity for purchasers of all nationalities.”
Proximity to landmarks
This development appeals to investors looking to construct apartment buildings or villas to generate recurring income
Talal Al Dhiyebi, CEO of Aldar
The development is in close proximity to some of Abu Dhabi’s major infrastructure projects and lifestyle destinations, including Yas Island, Zayed City, New Al Falah, Masdar City, Mohammed Bin Zayed City and Abu Dhabi Airport Free Zone.
Construction on Alreeman is expected to commence in 2019 with infrastructure-enabled land targeted for handover to customers in 2021. dubai — Dubai Creek Harbour has announced the launch of Palace Residences, a five-star waterfront branded residence development.
The residences are located near two waterfront destinations — Creek Marina and the Creek Beach. Located on the promenade, the homes offer views of the Dubai Creek Tower and Ras Al Khor Wildlife Sanctuary. They are also in walking distance of Dubai Square.
Palace Residences include branded 1, 2, 3 and 4-bedroom apartments. The homes will be serviced on demand by Address Hotels + Resorts.
Investors will have several benefits including 5-year property management services by Emaar, 50 per cent discount on membership at the Palace Dubai Creek Harbour Spa and pool, as well as a 25 per cent discount on food and beverage at the hotel’s outlets.
Palace Residences are adjacent to the upcoming 121-room Palace Dubai Creek Harbour hotel.
Palace Dubai Creek Harbour and Palace Residences are housed in two 44-storey towers. The first homes in Dubai Creek Harbour are scheduled for handover in early 2019. Over 5,000 residents are set to move in to their homes in Creek Marina this year, with over 12,750 residents to move in next year.