With launch of Fahid Island, another waterfront destination opens up for investors
Abu Dhabi’s got itself a brand new island destination for property investors to choose from. Fahid Island from Aldar will soon release its first luxury apartments for sale, creating its own price points compared to earlier island launches such as Yas and Saadiyat. In the first sales, one-bedroom apartments start from Dh3.5 million.
By now, Yas Island residential options have gotten themselves a prominent spot on investors’ radar when they scout for fancy living options and with a fair bit of water element in the vicinity. Just a week back, Yas Island’s first ever branded residences – the Waldorf Astoria Yas – sold out on Day 1 of the sales opening. Around 66% of the buyers were skewing towards under 45 years, itself a vital element of Abu Dhabi’s strategy to be the place of choice for a younger investor base. Prices for a 1-bedroom unit are Dh3.8 million.
By now, Aldar works to a tight script when it comes to new launches on Saadiyat island. Announce a new project, set the sales date, and then sit back and relax. An overwhelming investor response is assured. Current listings show two-bedroom units at Dh3.95 million.
Aldar has got another island development in the works – the Nurai, which it acquired in 2022. The project is currently undergoing a major ‘refurbishment’ and will be opened up later this year.
Located between Yas and Saadiyat islands, Jubail is a multi-phase mixed-use development with ample residential options. The project, well into its stride on the build up side, covers 4,000 hectares and with over 30 kilometers of waterfront. Home prices for a one-bedroom unit average around Dh1.9 million.
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