In a positive sign of the recovery in the real estate market, Aldar Properties on Wednesday declared the sell-out of all 83 villas at Saadiyat Reserve the Dunes in Abu Dhabi.
Being Aldar’s latest development on Saadiyat Island, the villa project gained remarkable demand from customers seeking modern designs and a prime location.
The sell-out builds on the growing attractiveness of Saadiyat Reserve as a residential community, following the success of the first two phases, which were sold as infrastructure-enabled villa plots.
Open for sale to all nationalities, purchasers at the development show a total of 14 nations, with UAE nationals buying 67% of the villas. Moreover, half of the buyers bought their first Aldar property, while 25% of all purchases were completed by women.
Customers considered the location of the villas, unit sizes and floor plans, and Aldar’s reputation, as the three main factors when buying a property at the development.
Rashed Al Omaira, chief commercial officer, Aldar Development said: “The remarkable demand we have seen for The Dunes is testament to the current strength of the Abu Dhabi market. The right product, in the right location, developed by a trusted developer continues to represent a quality investment opportunity, and The Dunes certainly fits this profile. With half of all buyers representing first-time Aldar homeowners, we are excited to welcome a new wave of buyers to the Aldar family and welcome back return buyers who appreciate the quality of our properties within well-designed communities.”
The master plan of Saadiyat Reserve was designed with vibrant community living in mind, and once fully completed will provide residents a variety of open spaces, parks, lagoon pools, and sports areas. The master plan also has a community hub and dedicated venues that are planned to bring the community together and enable picnics and family gatherings in delightfully planned open-air regions. Residents can also enjoy a pedestrian and cycle network that will connect all areas of the community.