AED 600 million sales achieved in Grove district
Non-resident buyers made up 37% of total sales, and the percentage of expatriate buyers was 27%, while citizens made up the rest of the total buyers.
Due to the growing demand, apartments and units at Grove Gallery Views are now available for purchase for all nationalities
Abu Dhabi, United Arab Emirates: Aldar Properties Company (“Aldar”) has announced the sale of all units in the first three residential buildings launched in the first phase of Grove District Development. Sales totaled AED 600 million, with all units sold in the Grove Museum Views, Grove Beach Views and Grove Uptown Views buildings.
Non-resident buyers accounted for 37% of total sales, representing the largest demand in this category for any of Aldar’s projects, and is also clear evidence of Abu Dhabi’s attractiveness as a preferred investment destination for international clients. Residents within the country accounted for 27% of total sales, while Emirati customers accounted for the remaining percentage. The percentage of buyers investing in Aldar real estate projects for the first time reached 89%, while 39% of the units sold were female, and the percentage of buyers under 45 reached 59%.
In view of the great demand for the units of the three buildings, Aldar announced the launch of a fourth building, “Grove Gallery Views”, the units of which are available for sale. The residential units available to buyers of all nationalities are highly competitive, with studio apartments from AED 905,000, one-bedroom apartments from AED 1,400,000, and two-bedroom apartments from AED 2,399,000.
Commenting on the strong sales of the Grove district, Rashid Al-Ameera, Commercial Officer at Aldar Development, said: “The Grove district is characterized by a very unique location, amidst three prestigious cultural institutions. As a result of the high levels of demand, we accelerated the work on the second and third buildings to complete it ahead of schedule and meet the demand of our customers, and we started to show strong interest in the fourth. Our strong sales confirm the attractiveness of Abu Dhabi as a preferred investment destination, and the growing demand for Saadiyat Island and its distinction as a modern, world-class destination. “
The new “Grove District” project is located within the “Saadiyat Grove” integrated development complex, and the apartments have views of the waterfront, as well as three of the prominent landmarks on the island; These are Zayed National Museum, Louvre Abu Dhabi and Guggenheim Abu Dhabi. The project’s master plan includes 612 apartments in five buildings within three areas that reflect the concepts of luxury, lifestyle and urbanity.
Customers interested in buying apartments in the Grove District can visit Aldar’s Sales Center, call 800-ALDAR / 800-25327 25327, or email firstname.lastname@example.org.
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For more information, please contact the following numbers:
Obaid Al Yamahi Aldar Properties +971 2 810 5555 Jodi Issa Brunswick Golf +971 4 560 9638 ALDAR@brunswickgroup.com
About Aldar Company
Aldar is a pioneer in real estate development and management in the UAE, as it adopts a diversified and sustainable business model supported by two major companies, Aldar Development and Aldar Investments.
Aldar Development Company continues its leadership role in developing integrated communities that enrich the lives of residents across the most sought-after destinations in the Emirate of Abu Dhabi, including Yas Island, Saadiyat Island, Al Raha Beach and Al Reem Island . It also owns a 65 million-square-foot land portfolio, consisting of three business units: Al Dar Enterprises, and will be responsible for managing the fee-based project management business unit, including an AED 45 billion portfolio of civic housing and key infrastructure projects ; Al-Dar for Entrepreneurship, which is in charge of seizing new business opportunities and developing areas of innovation; and Aldar Misr, a platform focusing on the promising and profitable Egyptian real estate market, as a key market for the development of integrated mixed-use communities.
Aldar Investments includes Aldar’s Asset Management division, which includes an AED 22 billion portfolio of recurring income-producing real estate assets in the retail, residential, commercial and hotel communities. It also manages the three main platforms: Aldar for Education, Aldar Properties and Aldar Hospitality and Leisure. The Aldar Education platform includes a portfolio of educational assets, including Aldar Academies, a leading educational group in Abu Dhabi with a portfolio of 20 schools and more than 26,000 students in addition to a growing network of 3,000 teachers who belongs to more than 100 nationalities, which accept a wide range of educational curricula and additional services such as the Teacher Training Academy.
While Aldar Properties integrates commercial and residential property operations into the portfolio of “Provis”, a property management company, it also includes community management through an integrated property management platform. Aldar Hospitality and Leisure is responsible for overseeing the asset portfolio
Aldar’s hotel and leisure facilities, located mainly on Yas Island and Saadiyat Island, in addition to Ras Al Khaimah. Aldar’s hotel portfolio includes 11 hotels, with a total of 3,600 hotel rooms, in addition to managing operations across golf courses, beach clubs and marinas.
Aldar’s shares are listed on the Abu Dhabi Securities Exchange (trading code: ALDAR: UH), and the company’s business generates stable recurring profits and income, and has a broad and diversified shareholder base. Aldar adopts the best standards of corporate governance, and is committed to managing sustainable operations over the long term, in order to continually add value to its shareholders.
Aldar adopts an ambitious vision as it strives to be the most trusted property developer and manager in the region, and it plays a crucial role in the development of high quality, comfortable destinations that meet the needs of community members and the ingredients and capabilities what is needed. for work, life and leisure.