Abu Dhabi Builder Plans $6.8 Billion Luxury Housing Project
- Aldar expects to kick off sales of about 7,000 homes this year
- Abu Dhabi has witnessed an influx of billionaires, businesses
This article is for subscribers only.
Abu Dhabi’s biggest property developer plans to ramp up work on a beachfront community, where it aims to build luxury homes in a city that’s emerged as one of the world’s newest wealth havens.
Aldar Properties PJSC expects to kick off sales of about 7,000 luxury homes on Al Fahid Island in the second half of the year. The project will include schools, hotels, retail and entertainment facilities, and will have a gross development value of about 25 billion dirhams ($6.8 billion), Aldar Chief Financial and Sustainability Officer Faisal Falaknaz said.