Abu Dhabi-based developer, Aldar Properties, launched a new AED10bn masterplan that will incorporate and 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 gross floor area (GFA) is set to exceed 130ha and will be complemented by office space, retail space, hospitality, education, and community amenities.
Commenting, Talal Al Dhiyebi, CEO, Aldar Properties said: The launch of Alghadeer is clear statement of Aldars 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, capitalising on the UAEs flourishing population as well as our reputation as Abu Dhabis leading developer. The scale and 15-year timeframe of the development underlines Aldars confidence in the Abu Dhabi residential market.
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.
Aldar will initially launch the first neighbourhood of 611 homes for sale during Cityscape Abu Dhabi taking place in the UAE Capital from April 17-19. Customers will have the opportunity to purchase maisonettes, townhouses, and villas. This neighbourhood is located to the north-west of the masterplan, and near Alghadeers 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.