Aldar Properties Al Hadeel development sells out on launch day

Posted on 19th May 2014

Aldar Properties PJSC (‘Aldar’), Abu Dhabi's leading listed property development, investment and management company, has sold all units at its new Al Hadeel residential community in Abu Dhabi in few hours, on the first day of the off-plan sales launch.

The sell-out of Aldar’s first new development to be announced since April 2010 reflects strong demand in Abu Dhabi for lifestyle communities that offer modern facilities and amenities. Aldar has experienced a strong start to 2014, with sales and leasing activity increasing significantly across its entire portfolio.

The sales event, held at the Crowne Plaza hotel on Yas Island, attracted over 600 people. The apartments and townhouses at the Hadeel development, located in the popular Al Bandar precinct of the Al Raha Beach area of Abu Dhabi, were sold on a first-come-first-served basis.

“Today’s sale launch of units at Al Hadeel was a huge success,” said Mohammed Al Mubarak, Deputy Chief Executive Officer at Aldar Properties. “Al Hadeel at Al Bandar will be another high-quality residential community in the sought-after location of Raha Beach. As we witness the continued growth of the Abu Dhabi residential sector through increased demand from buyers, we look forward to continuing this success in the future.”

The development was one of three launched by Aldar at this year’s Cityscape Abu Dhabi, at which the company received strong interest. Aldar will announce the sale of off-plan units at its other developments – Ansam on Yas Island, and Al Nareel Island -- in the coming weeks.

Al Hadeel is located at Al Raha Beach, adjacent to the existing community at Al Bandar. The location benefits from having views across the sea from its prominent position on the waterfront, as well as excellent travel links with to the main highway between Abu Dhabi and Dubai.

Aldar has already completed several successful residential developments in Raha Beach in recent years, including Al Bandar, Al Muneera, Al Zeina and Al Raha Gardens,- all of which have access to all the retail, and food and beverage outlets along the beautiful waterfront promenade.

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