We are confident of the demand for a community which offers a distinct lifestyle - peaceful residential neighborhoods, 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, capitalizing on the UAE’s flourishing population as well as our reputation as Abu Dhabi’s leading developer. The scale and 15-year timeframe of the development underlines Aldar’s confidence in the Abu Dhabi residential market.”

Alghadeer is designed to benefit from the significant growth being experienced in the north of Abu Dhabi and the south of Dubai. This area of the UAE includes major job-creating projects such as Dubai Expo 2020, KIZAD, Dubai World Central incorporating Dubai South, the Al Maktoum Airport, as well as Dubai Industrial and Wholesale Cities, which will further boost the demand for high quality living spaces on the border of the two Emirates. With easy access to the UAE’s arterial highways, Alghadeer will become home to those seeking both connectivity, and an escape from city life.

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.

FIRST HOMES TO GO ON SALE AT CITYSCAPE ABU DHABI – 17TH APRIL

Aldar will initially launch the first neighbourhood of 611 homes for sale during Cityscape Abu Dhabi taking place in the UAE Capital from 17-19 April. Customers will have the opportunity to purchase maisonettes, townhouses and villas. This neighbourhood is located to the north west of the masterplan, and near Alghadeer’s 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.

A PROVEN TRACK RECORD IN THIS DESTINATION

The new Alghadeer masterplan incorporates Aldar’s existing community of the same name which boasts over 2,000 homes and is a thriving destination for many families. Alghadeer’s key success factor is its proximity to major growth areas within the emirates of Abu Dhabi and Dubai which enables residents of Alghadeer to have greater choice over where they work, shop, travel, and educate their children. Alghadeer’s masterplan, development model and floorplans will be available to view at Cityscape Abu Dhabi, which runs from 17 – 19 April, 2018. For more information on the development, please visit www.aldar.com.

-ENDS-

For further information, please contact:

Media:
Nick Farmer / Obaid Al Yammahi
Aldar Properties
+971 2 810 5555
Layla Haroon
Hanover Communications
+971 55 636 0425

About Aldar

Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.

From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate. Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit. Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long-term and sustainable business in order to provide ongoing value for its shareholders.

Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world-class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio. Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.