Aldar launches first public sales phase of land plots on Nareel Island in Abu Dhabi

Posted on 11th May 2015

According to news reports:
  • Successful off-market sale of first phase of land plots, almost US$ 136 million committed in sales reservations
  • Strong demand from Emiratis across the UAE
  • Next phase of land plots available for the public starting today

ALDAR LAUNCH ON NAREEL

Aldar Properties PJSC (‘Aldar’), Abu Dhabi's leading listed property development, investment, and management company, today launched the first public sales phase comprising 32 land plots on Nareel Island, a master-planned island community for Emiratis in the heart of Abu Dhabi. The Sales event will launch today at 11am at Etihad Towers, Abu Dhabi, according to Aldar news reports.

This launch follows the successful off-market sale of the first phase which saw strong demand from Emiratis across the UAE. Almost US$ 136 million committed in sales reservations.

Mohammad Al Mubarak, Chief Executive Officer, Aldar Properties, said: “We are pleased to launch the public sales phase of Nareel Island following the strong demand we saw in the off-market sales period. The exceptional location of Nareel Island in the heart of Abu Dhabi makes it a once in a lifetime opportunity for Emiratis who are looking to build homes for themselves and future generations. We are confident that it will continue to see strong demand over the coming sales phases.”

Nareel Island is close to the exclusive Al Bateen area of central Abu Dhabi, the prestigious Emirates Palace and Etihad Towers, and overlooks the Arabian Gulf. The Nareel development consists of two islands comprising 148 villa plots, many with outstanding waterfront access.

All land plots are uniquely designed to allow Emiratis to develop homes that meet their own personal need. The development’s master plan has been carefully created to provide an exclusive living experience for UAE families within a gated community. Purchasers will be provided with clear design guidelines, to ensure that Nareel Island is developed in line with the community’s aesthetic identity.

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