Aldar’s Al Hadeel scheme at Al Raha Beach sold out on return to market


By Lucy Barnard

Abu Dhabi’s first major off-plan property launch in four years sold out in just a couple of hours on Saturday.

Aldar Properties sold all 223 off-plan apartments and town houses at its new Al Hadeel scheme in Al Raha Beach as more than 600 people came to the Crowne Plaza hotel on Yas Island yesterday in the hope of purchasing a flat. The project is Aldar’s first to come to the market since April 2010.

Property prices ranged from Dh770,000 for a 610 square foot studio apartment, to Dh4.5 million for a nearly 3,500 sq ft town house, Abu Dhabi’s largest listed developer said.

The “sale launch of units at Al Hadeel was a huge success”, said the Aldar chief executive Mohammed Al Mubarak. “As we witness the continued growth of the Abu Dhabi residential sector through increased demand from buyers, we look forward to continuing this success in the future.” More info