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Object 1 has announced a landmark Dh4.5 billion multi-plot land acquisition on Al Reem Island, strengthening its long-term commitment to Abu Dhabi and advancing its vision for family-focused, waterfront residential communities.
Key Highlights:
- Object 1 acquired four prime waterfront plots in the Shams Gate District on Al Reem Island
- The combined development area exceeds two million square feet, with a total sales value of Dh4.5 billion
- The investment supports long-term residential community development, aligned with the National Family Growth Agenda 2031
- The move follows Object 1’s 2025 expansion into Abu Dhabi, including the launch of its first Sales Gallery in the capital
- The project focuses on community-led living, stability, and environments designed for families across life stages
- Abu Dhabi’s residential market continues to attract strong interest, with rising transaction volumes and growing investor confidence
- The acquisition builds on Object 1’s UAE momentum, following the delivery of 2,600+ homes and a 4.5 million sq ft development pipeline in Dubai
- Al Reem Island is positioned as a strategic growth hub, offering waterfront appeal, infrastructure strength, and long-term demand
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