01 October 2019

UAE-based Aldar Properties has launched its first residential community in the heart of Saadiyat Island – Saadiyat Reserve. The Dh722-million ($196.5 million) community features 306 infrastructure-enabled land plots open to buyers of all nationalities.

This is the first land plot development to be launched on Saadiyat Island since the introduction of new laws enabling foreign buyers to own freehold land in investment zones in Abu Dhabi in April 2019, said Aldar.

The launch of Saadiyat Reserve follows the success of Aldar’s three land plot sale launches – Alreeman, Alreeman II, and Lea – which collectively generated solid sales of Dh2.4 billion.

The 422,370-sq-m community will offer 306 villa plots of various sizes, ranging between 600 to 1,400 sq m, suited to accommodate homes of four to six bedrooms. Amenities in the community will include community centres, parks, schools, mosques and a host of retail offerings.

Works on the project are due to begin in Q1 2020 with handovers scheduled for mid-2022.

Meanwhile, Aldar Properties has inaugurated the new headquarters of its subsidiaries, Provis and Khidmah, in Yas Mall as part of its efforts to enhance customer experience across all touch points and set new benchmarks in service delivery.

Provis’ services include property consultancy and management, owners’ association consultancy and management, sales and leasing and clubhouse and lifestyle management services.

Khidmah, on the other hand, focuses on providing facilities management and home maintenance solutions across different sectors including residential, commercial, retail, government, education, hospitality and healthcare.

Earlier this year, Aldar took a strategic decision to realign Khidmah’s focus on providing facilities management and home maintenance services. This enabled the creation of Provis to deliver specialised estate management solutions.  

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