Aldar Properties’ launch of Fahid Island in Abu Dhabi brings in AED 3.5 billion ($953 million) in sales, led by strong foreign investor interest. The waterfront project emphasizes wellness, sustainability, and premium coastal living, with over 67% of buyers being first-time Aldar customers.
Key Highlights:
- Sales Performance:
- AED 3.5 billion ($953 million) in launch week sales for Fahid Beach Residences and The Beach House
- 67% of buyers were foreign nationals and expats
- Leading buyer nationalities: China, Russia, UK, and UAE
- Buyer Demographics:
- 42% of purchasers were under age 45
- 67% were first-time Aldar customers
- Fahid Island Features:
- First coastal health destination in Abu Dhabi
- Located between Yas Island and Saadiyat Island
- Covers 2.7 million sq.m with 11km of shoreline
- 30% of the island reserved as natural areas
- Residential Offerings:
- One-bedroom units start at AED 3.5 million
- Fahid Beach Residences (7 buildings) to be completed by 2029
- The Beach House launched ahead of schedule due to high demand
- Lifestyle & Amenities:
- Coral Drive: Retail promenade with galleries, cafés, and concept stores
- Wellness amenities: Running and cycling tracks, kite surfing, paddle boarding, and night swimming
- Proximity to King’s College School Wimbledon
- Market Context:
- Abu Dhabi’s real estate transactions hit AED 25.3B in Q1 2025, up 34.5% year-on-year
- Aldar holds 70% of Abu Dhabi’s off-plan market share as of April
- Recent boost from Yas Island’s Disneyland Abu Dhabi announcement
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