Aldar, a leading property developer in Abu Dhabi, UAE, has launched a Dh10-billion ($2.72 billion) masterplan that will incorporate and greatly enhance one of its already established destinations – Alghadeer, located near the border of Abu Dhabi and Dubai within its Seih Al Sdeirah landbank.
Alghadeer will feature 14,408 residential units, including villas, townhouses, and maisonettes, which will be delivered over the next 15 years, said the Abu Dhabi developer in a statement.
Offering a residential GFA (gross floor area) of 1.3 million sq m, the project will be complemented by office space, retail space, hospitality, education and community amenities, it added.
Unveiling the masterplan, CEO Talal Al Dhiyebi said: "The launch of Alghadeer is a clear statement of Aldar’s ambition. From its strategic location to its sustainable living initiatives, Alghadeer signals the creation of a new way of living for UAE residents, now and in the future."
"We are confident of the demand for a community which offers a distinct lifestyle - peaceful residential neighbourhoods, within close proximity to the bustling cities of Abu Dhabi and Dubai," he stated.
Al Dhiyebi pointed out that the Alghadeer launch further underlined how Aldar was expanding its successful destination-led strategy to additional areas of Abu Dhabi, capitalising on the UAE’s flourishing population as well as its reputation as Abu Dhabi’s leading developer.
"The scale and 15-year timeframe of the development underlines Aldar’s confidence in the Abu Dhabi residential market," he noted.
According to him, Alghadeer is designed to benefit from the significant growth being experienced in the north of Abu Dhabi and the south of Dubai.
This area of the UAE includes major job-creating projects such as Dubai Expo 2020, Kizad, Dubai World Central incorporating Dubai South, the Al Maktoum Airport, as well as Dubai Industrial and Wholesale Cities, which will further boost the demand for high quality living spaces on the border of the two emirates.
With easy access to the UAE’s arterial highways, Alghadeer will become home to those seeking both connectivity, and an escape from city life.
At the heart of Alghadeer is Harvest, a multi-use agricultural-led space featuring allotments, as well as The Hub – a F&B (food and beveraage) outlet; The Studio – an educational area for training and workshops; The Shed – a dedicated area for purchasing farming tools and supplies; and The Market – a retail area for freshly grown produce, and The Field - where people can rent plots and grow their own produce.
Appealing to those who prefer wide-open spaces and unique recreational amenities, the destination will also feature lakes, running and cycle tracks, gym, camping and barbecue sites and a network of walkable gardens and parks lit entirely by solar powered lights, said the Abu Dhabi developer.
The new Alghadeer masterplan also includes schools, a hotel, public garden areas, community swimming pools, multi-use sports areas, and community centres, it added.
Aldar said it will initially launch the first neighbourhood of 611 homes for sale during the Cityscape Abu Dhabi which opens tomorrow (April 17) and runs till April 19.
The entire Alghadeer masterplan, development model and floorplans will be on display at the expo. Also customers will have the opportunity to purchase maisonettes, townhouses and villas.
This neighbourhood is located to the northwest of the masterplan, and near Alghadeer’s central amenities such as Harvest, it stated.
Prices within this first release will start from Dh290,000 ($789,55) for maisonettes, with townhouses starting at Dh899,900 ($245,006), said the statement from Aldar.
Construction of this first neighbourhood is scheduled to commence in 2018 and be completed during 2021, it added.
The new Alghadeer masterplan incorporates Aldar’s existing community of the same name which boasts over 2,000 homes and is a thriving destination for many families.
Alghadeer’s key success factor is its proximity to major growth areas within Abu Dhabi and Dubai which enables residents of Alghadeer to have greater choice over where they work, shop, travel, and educate their children.