Aldar generates US .52 billion in sales across new developments in H1 2015

Aldar Properties PJSC (‘Aldar’), Abu Dhabi's leading listed property development, investment and management company, announced strong sales performance in the first half of the year with AED 1.9 billion committed in sales for land plots on Nareel Island, Al Merief and unit sales at Meera at Shams Abu Dhabi.

Mohammad Al Mubarak, Chief Executive Officer, Aldar Properties, said: “We have seen very strong sales activity across our new projects in the first half of 2015. Together these projects have generated AED 1.9 billion in committed sales and this underscores our strategy of bringing the right products to the market at the right time. We continue to see demand in Abu Dhabi for infrastructure enabled land and high quality residential communities and will continue to launch projects that meet this demand and support the growth of the Emirate.”

Nareel Island

Aldar has seen strong demand for plot sales at Nareel Island, the premier UAE exclusive residential waterfront master-planned development close to the Al Bateen area in Abu Dhabi.  Over two sales phases Aldar has achieved AED 1 billion in committed sales. So far Aldar has sold 70 plots to the Emirati community, allowing them to develop bespoke homes on the island.  

Al Merief

In March 2015, Aldar successfully completed the sale of all 281 land plots at Al Merief, the master-planned residential community for UAE Nationals located in Khalifa City, in the record time of one week. Al Merief will feature villas and apartments and will be complemented by parks, mosques, a planned school operated by Aldar Academies, as well as retail outlets and a petrol station. The 690,000 sqm high-quality residential community will enable Emiratis owners to build homes for generations to come or lease them for investment purposes. Al Merief was fully sold in an off-market sales process, generating over AED 600 million of revenues.

Meera

In June 2015, Aldar launched Meera Shams Abu Dhabi, residential development on Reem Island.  Meera, an attractively designed mid income product, features two 26-storey towers overlooking a landscaped park, with one, two or three-bedroom apartments. A number of planned neighbourhood and community amenities will complement the buildings, including a canal, parks, a public beach, mosque, schools and hospitals, healthcare facilities, and retail outlets. Meera Phase one sales are complete with 150 units sold and AED 220 million committed in sales. Aldar is currently underway with Phase two of Meera sales. To receive further information, visit www.shamsmeera.com or call 800-Aldar (25327).