ABU DHABI - Aldar Properties has announced the sell-out of land plots at the second phase of Al Gurm, the beachfront community on the South-West side of Abu Dhabi’s main island.
This solid sales performance is the latest indication of the demand for a diverse range of real estate investment opportunities in Abu Dhabi, Aldar said in a statement on Monday.
Available exclusively to UAE nationals, all 71 new plots were purchased at Al Gurm, which is comprised of a series of archipelago-style islands over a total of 105,000 sqm. Each plot will have access to exclusive beaches, with plots ranging in size from 900 to 4,400 sqm, distributed across three distinct areas: The Beach, The Canal, and The Island.
Commenting on the strong sales performance, Rashed Al Omaira, Chief Commercial Officer at Aldar Development, said, "We continue to see demand for a wide range of real estate investment opportunities in Abu Dhabi, as evidenced by multiple sell-out launches of turnkey developments on Yas Island and Saadiyat Island in recent months, and now the completion of land plot sales at Al Gurm." The first phase of Al Gurm was completed in 2010 and construction of the second phase is due to begin in September 2021.
© Copyright Emirates News Agency (WAM) 2021.