Abu Dhabi is still on its path to becoming one of the region’s most alluring destinations for real estate investment. Leading developer Aldar recently unveiled Fahid Island, a massive project that offers a new lifestyle amidst Abu Dhabi’s azure waters and was designed with a wellness-centered approach.
Unit prices in this project will begin at AED 3.5 million for a one-bedroom apartment, firmly placing the venture in the luxury real estate sector. The first phase, Fahid Beach Residences, will boast 7 towers comprising 450 residential units. According to Aldar CEO Jonathan Emery, the first phase will go on sale officially after Eid, and the subsequent phases will be launched continuously after that.
According to Aldar Development Program Alignment, the first phase may conclude in around three years with keys to the inaugural group of homeowners being distributed by 2029. Eventually, the island will feature over 6,000 residential units, with final phases taking the projects up to 2032 or 2033.
The island will not be entirely residential. Two high-end hotel developments will be put up on the island, including a beachfront 5-star hotel. Aldar would then accord the opportunity to global hotel brands for managing these properties. An international school certified to provide high academic standards will also be set up on the island, with details to be announced soon. The school would then be a great attraction for families considering long-term residence.
In the presence of cutting agencies such as Yas Island and Saadiyat Island, Aldar’s credibility and attraction among investors have been considerably enhanced. Real estate consultants foresee the strong demand for Fahid Island also, as its cost is comparable to prices on other premium projects on Yas Island, and the market is eager for new projects in striking locations.
One of Aldar’s most ambitious and luxurious projects aims at wellness-oriented living with five-star hotels, an international school, and a spectacular beachfront location. At a starting price of AED 3.5 million and with home deliveries slated for 2029, this project is an opportunity of golden hue for both local and international investors. For those looking to buy property in Abu Dhabi, Fahid Island, with its gorgeous views, dank infrastructure and the trust of the Aldar brand, offers one of the finest secure investments and super luxury living available.
Source: https://gulfnews.com
