Abu Dhabi's new Fahid Island nets home sales of Dh3.5b in launch week - expats dominate buyer list

Dubai: Abu Dhabi's newest island destination is a big hit with investors.

Sales of homes at Fahid Island has so far generated Dh3.5 billion plus for Aldar, the developer, during the launch week itself. These were for units at Fahid Beach Residences, where prices start from over Dh3 million, and The Beach House.

Fahid Island has been conceived as Abu Dhabi’s 'first coastal wellness destination' and will also be the 'world’s first Fitwel certified island'.

Investors will also have noticed Aldar's confirmation of the super-premium Kings College School Wimbledon for Fahid Island.

"Expatriate residents and overseas buyers account for 67% of total sales, with buyers from the UAE, Russia, the UK, and China making up the top nationalities by sales volume," said a statement.

"This strong local and international interest underscores Fahid Island’s emerging global profile as a premier lifestyle destination where wellness meets culture, nature, and community."

It's proving to be a spectacular month for Abu Dhabi's real estate sector. Early this month saw the launch of Fahid Island and this week, the first Bulgari-branded project was launched in the emirate.

It's been a stark point in the recent past that new home buyers in Abu Dhabi are skewing younger. At Fahid island, 42% of buyers in the launch week are under 45 years, 'signaling growing demand for luxury wellness-focused living among younger demographics'.

And 67% of buyers are first-time customers of Aldar, again something that the developer has made a point of from its recent sales data.

"The success reflects Abu Dhabi’s position as one of the world’s most desirable investment and lifestyle destinations," said Jonathan Emery, CEO at Aldar Development.

and we are expecting continued interest in Fahid Island as Abu Dhabi’s first wellness island builds its profile on the global stage.”