Aldar Unveils Dh40 Billion Fahid Island: Abu Dhabi’s New Luxury Living Destination
Aldar Properties, one of the biggest real estate companies in Abu Dhabi, has shared exciting news! They are building a brand-new place called Fahid Island, which will cost more than Dh40 billion (around $10.9 billion). This island will be full of beautiful homes, fun places, and lots of green space.
The island will have over 6,000 luxury homes, including apartments, townhouses, and big fancy villas. There will also be two hotels, with one being announced soon. The island is in a great spot—right between Yas Island and Saadiyat Island.
Fahid Island is very big, covering about 2.7 million square meters. Aldar bought the land in January 2023 for Dh2.5 billion. They plan to make it even more valuable with this new project.
The first part of the island will be called Fahid Beach Residences, with seven buildings and 65 homes each. These homes will go on sale soon, starting from Dh3.5 million for a one-bedroom. People will be able to move in around early 2029.
The island will also have schools, bridges, and parks ready for families. About 30% of the island will be full of nature and green areas. There will be a long 10km park with running and biking paths, and a beautiful waterfront promenade with shops, cafes, and art.
Even better, there will be a ballet school, art galleries, and a big international school for students.
Fahid Island is being built to be modern, healthy, and good for the environment. It follows the success of Yas and Saadiyat Islands, which are already known for their great living spaces.
With more people moving to the UAE and big news like the upcoming Disney theme park on Yas Island, property sales are growing fast! Just last week, Aldar sold all 133 homes at their Waldorf Astoria Residences on launch day!
Aldar says it will launch 12 new projects this year, including affordable homes in both Abu Dhabi and Dubai.
Even though some places like Dubai might see prices go down a little, Abu Dhabi’s property market is still strong, and Aldar is feeling positive about the future.
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