Overwhelming Response To Aldar’s Alreeman as Sales Surpass AED 1.6 Billion

Abu Dhabi - UAE, January 20, 2019: Buyers queued up over night outside Aldar's sales centre on Yas Island in order to secure plots within Aldar's latest development – Alreeman in the Alshamkha area of Abu Dhabi.

Alreeman has been a huge hit with buyers, recording sales of AED 1.6 billion. Buyers have been drawn to Aldar's commercial plot offering allowing customers to build apartment buildings as well as villa plots in this well-situated development. With investment zone status and located in close proximity to the Abu Dhabi International Airport and key arterial highways, the master-planned, infrastructure enabled community offers land - with prices starting from AED 690,000 for villa plots and AED4.69 million for commercial plots. Catering to the mid-income segment, Alreeman builds on Aldar's successful development strategy and further expands its focus in to new areas of Abu Dhabi.

Talal al Dhiyebi, Chief Executive Officer, Aldar Properties, commented: "Alreeman is another example of the well defined and executed destination development strategy that Aldar is known for. Tapping into the latent demand within key segments of investors, Alreeman is a ringing endorsement for bringing to market the right product, at the right time, and at the right price point – shown by achieving AED 1.6 billion in sales. Abu Dhabi is proving that its real estate market is both attractive and resilient, particularly in the context of a 2018 which witnessed significant government initiatives such as Ghadan 21, and we see our sales performance as a positive sign that these are now feeding directly into the market."

Maan Al Awlaqi, Executive Director - Commercial at Aldar said: "The response to Alreeman has been incredible as buyers have flocked to our highly compelling land plot development which is well located and close to major amenities. This is a fantastic start to our year, and we are seeing a really diverse buyer mix for both our commercial plots and our villa plots as people see the major yield potential on offer for this product."