Aldar sells 50pc of Abu Dhabi island plots
Aldar Properties, a leading property developer based in the UAE, has sold more than 50 per cent of the land plots at its Nareel Island, a premium high-end plot development located on the coast of Al Bateen, in the capital Abu Dhabi, said a report.
The island comprises 161 land plots with a total area of 351,000 sq m, reported Mubasher, citing a senior official.
These plots have been sold at a price starting from Dh5.6 million ($1.52 million) onwards, stated Maan Al Awlaqi, executive director of commercial operations at Aldar Properties.
The investors started receiving their land plots in the island a month ago, noted Al Awlaqi.
The villas which are being developed in the Phase One of Nareel Island project, will be handed over to the cutomers within the next two years, he added.
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