UAE-based property developer Aldar has launched the first public sales phase for 32 land plots on Nareel Island, a master-planned island community in Abu Dhabi.
The sales initiative was taken up by the firm as the off-market sale of phase one indicated strong demands across the Arab country.
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Sales reservations from the off-market operations involved commitments of around AED500m ($136.1m).
Aldar Properties CEO Mohammad Al Mubarak said: "We are pleased to launch the public sales phase of Nareel Island following the strong demand we saw in the off-market sales period.
"The exceptional location of Nareel Island in the heart of Abu Dhabi makes it a once in a lifetime opportunity for Emiratis who are looking to build homes for themselves and future generations."
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The island community is located near to the Al Bateen area in the central parts of the country capital, Emirates Palace and Etihad Towers.
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By GlobalDataThe planned development consists of two islands, including 148 villa plots, many of those having waterfront access.
Image: Aldar to initiate sales of plots at Nareel Islands. Photo: courtsey of Aldar.
