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Aldar Properties has launched its first residential community, Saadiyat Reserve, in the heart of Saadiyat Island, Abu Dhabi.
The AED 722 million community is spread over 422,370 sq m and features 306 infrastructure enabled land plots. These plots range between 600 to 1,400 sq m and are suited to accommodate 4-6 bedroom homes. Amenities in the community will include community centres, parks, schools, mosques and a host of retail offerings.
Saadiyat Reserve is located opposite the New York University Campus and is close to several landmarks including Louvre Abu Dhabi, Cranleigh and Saadiyat Beach Resorts as well as other leisure and retail destinations. Works on the project are due to begin in Q1 2020 with handovers scheduled for mid-2022.
This is the first land plot development to be launched on Saadiyat Island since Abu Dhabi introduced new laws in April this year allowing foreigners to own freehold land in investment zones in the emirate.
The launch of Saadiyat Reserve follows the sale launches of Aldar’s three land plots – Alreeman, Alreeman II and Lea – which collectively generated sales of AED 2.4 billion.
Cavendish Maxwell is the MENA region’s leading firm of property consultants and chartered surveyors. If you are looking for professional real estate consultation or advice on property related matters, please view our services.
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