ALDAR SELLS OUT THREE BUILDINGS AT GROVE DISTRICT AND RELEASES A FOURTH
- AED 600 million in sales recorded at Grove District so far
- 37% of sales were completed by non resident investors, 27% by expatriate residents, and the remainder by UAE nationals
- Due to increased demand, apartments at Grove Gallery Views are now available for purchase by buyers of all nationalities
Abu Dhabi, UAE – 07 July 2022: Aldar Properties (‘Aldar’) has announced that the three apartment buildings launched in the first phase of Grove District have sold out. The units at Grove Museum Views, Grove Beach Views, and Grove Uptown Views achieved AED 600 million in sales.
37% of sales were completed by non-resident buyers, which represents the highest ever demand from this segment at an Aldar development and further demonstrates Abu Dhabi’s appeal to global customers. Expatriate residents accounted for a further 27%, while the remainder were purchased by Emirati customers. 89% of the units were sold to buyers purchasing their first Aldar property, while 39% were sold to female buyers and 59% of all buyers were under the age of 45.
Due to overwhelming demand, a fourth building (Grove Gallery Views) has also been released for public sale. Open to buyers of all nationalities, units are competitively priced with studios starting from AED 905,000, AED 1,400,000 for one-bedroom apartments, and AED 2,399,000 for a two-bedroom unit.