#Aldar General News
April 16, 2018
Aldar Launches AED 10 Billion Masterplan – Alghadeer
- Over 14,000 homes to be delivered over 15 years
- First neighbourhood of 611 homes on sale at Cityscape Abu Dhabi – maisonette prices start from AED290,000 and townhouses from AED899,900
- Featuring HARVEST - supporting healthy and sustainable living
- Strategically located in Abu Dhabi, close to Dubai Expo 2020, capitalizing on UAE's dynamic growth areas
ABU DHABI, UAE, 16 APRIL 2018: Aldar Properties PJSC, announces the launch of a new AED10 billion masterplan that will incorporate and greatly enhance one of its already established destinations – Alghadeer, which sits close to the border of Abu Dhabi and Dubai within its Seih Al Sdeirah landbank.
Alghadeer masterplan consists of 14,408 units, including villas, townhouses, and maisonettes. Total residential GFA is set to exceed 1.3 million sqm and will be complemented by office space, retail space, hospitality, education and community amenities.
Commenting, Talal Al Dhiyebi, Chief Executive Officer, Aldar Properties said: "The launch of Alghadeer is clear 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.
"This launch further underlines how Aldar is expanding its successful destination-led strategy to additional areas of Abu Dhabi, capitalizing 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."
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. With easy access to the UAE's arterial highways, Alghadeer will become home to those seeking both connectivity, and an escape from city life.
At the heart of Alghadeer is HARVEST, a multi-use agricultural led space featuring allotments, as well as 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 new Alghadeer masterplan also includes schools, a hotel, public garden areas, community swimming pools, multi-use sports areas, and community centres.
FIRST HOMES TO GO ON SALE AT CITYSCAPE ABU DHABI – 17TH APRIL
Aldar will initially launch the first neighbourhood of 611 homes for sale during Cityscape Abu Dhabi taking place in the UAE Capital from 17-19 April. Customers will have the opportunity to purchase maisonettes, townhouses and villas. This neighbourhood is located to the north west of the masterplan, and near Alghadeer's central amenities such as HARVEST.
Prices within this first release will start from AED290,000 for maisonettes, with townhouses starting at AED899,900.
Construction of this first neighbourhood is scheduled to commence in 2018 and be completed during 2021.
A PROVEN TRACK RECORD IN THIS DESTINATION
The new 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. Alghadeer's key success factor is its proximity to major growth areas within the emirates of Abu Dhabi and Dubai which enables residents of Alghadeer to have greater choice over where they work, shop, travel, and educate their children.
Alghadeer's masterplan, development model and floorplans will be available to view at Cityscape Abu Dhabi, which runs from 17 – 19 April, 2018.