Aldar Launches New Dh1.7 Billion Residential Community - Alreeman II
Aldar Properties PJSC (‘Aldar’) today launched Alreeman II, a AED 1.7 billion master-planned residential community in the Alshamkha area of Abu Dhabi, available exclusively for purchase by UAE nationals. Alreeman II follows the runaway success of Alreeman, launched in January 2019 which generated AED 1.6 billion in sales.
Alreeman II addresses pent up demand for affordable, infrastructure enabled land plots where owners can build homes to their exact specifications and taste. Spread across an area of 2.4 million square metres, the development features 1,690 villa plots, which range between 500 to 1,000 square metres in size. Residents will benefit from a wide range of amenities including a school, retail offerings, parks, mosques, and running and cycling tracks catering to their specific needs and interests.
Sales of the first phase of the land plots will commence on 22nd June, with prices starting from AED 690,000 per plot. Construction will commence at the end of 2019, with the first handovers commencing from the end of 2021.
Commenting on the launch, Talal Al Dhiyebi, Chief Executive Officer, Aldar, said: “Alreeman II builds on the incredible success of Alreeman, launched earlier this year. This expansion is a clear response to high demand among UAE Nationals to create communities in the Alshamkha area and we are committed to delivering high quality and comfortable living spaces that meet these needs. We look forward to developing a new community that UAE Nationals can call home.”
Alreeman II’s masterplan has been oriented into clusters each with their own parks and amenities in order to create a strong sense of community. The development is located in close proximity to the Abu Dhabi International airport, key arterial highways and some of Abu Dhabi's major infrastructure projects and lifestyle destinations, including Yas Island, Zayed City, New Al Falah, Masdar City, and Mohammed Bin Zayed City.
Aldar Properties PJSC, is the leading real estate developer in Abu Dhabi, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate of Abu Dhabi.