Aldar unveils $2.72bn ambitious revamp to Alghadeer masterplan
14,408 residential units coming to community on Dubai/Abu Dhabi border
Aldar has announced Alghadeer, a new $2.72bn masterplan that is said to incorporate the developer’s existing community of the same name. The new masterplan is said to significantly grow the existing community and enhance it through a variety of sustainable living initiatives. The new masterplan will feature 14,408 residential units and will be delivered over the next 15 years.
Located near the border of Abu Dhabi and Dubai, within the Seih Al Sdeirah landbank, the project will include villas, townhouses and maisonettes. The developer says the project will include a residential GFA (gross floor area) of 1.3m sqm and will be complemented by office space, retail space, hospitality, education and community amenities.
“The launch of Alghadeer is a clear statement of Aldar’s ambition. From its strategic location to its sustainable living initiatives, Alghadeer signals the creation of a new way of living for UAE residents, now and in the future. We are confident of the demand for a community which offers a distinct lifestyle – peaceful residential neighbourhoods, within close proximity to the bustling cities of Abu Dhabi and Dubai,” said Aldar CEO Talal Al Dhiyebi.
Al Dhiyebi commented that the new launch underlined Aldar’s commitment to expanding its destination-led strategy to additional areas of Abu Dhabi, capitalising on the UAE’s population as well as its reputation as Abu Dhabi’s leading developer.
“The scale and 15-year timeframe of the development underlines Aldar’s confidence in the Abu Dhabi residential market,” he noted.
Alghadeer is designed to benefit from the growth in the north of Abu Dhabi and the south of Dubai. This includes major job-creating projects such as Dubai Expo 2020, Dubai World Central incorporating Dubai South, the Al Maktoum Airport, as well as Dubai Industrial and Wholesale Cities. The developer notes that these are all drivers for the demand for high quality living spaces on the border of the two emirates.
The destination will also feature lakes, running and cycle tracks, gym, camping and barbecue sites and a network of walkable gardens and parks lit by solar powered lights. The Alghadeer masterplan also includes schools, a hotel, public garden areas, community swimming pools, multi-use sports areas, and community centres.
Construction of the first neighbourhood is scheduled to commence in 2018 and be completed during 2021.
