Abu Dhabi, UAE: Aldar Properties (‘Aldar’), Abu Dhabi’s leading developer, has announced the launch of the second phase of its Al Gurm development project, an exclusive and self-sustaining waterfront community situated on the South-West side of the capital’s mainland. The beach facing land plots which form archipelago-style islands are exclusive for purchase by UAE nationals.
A total of 71 new plots ranging from 900 to 4,400 sqm are spread over the distinct areas: The Beach, The Canal and The Island, with each plot having access to exclusive beaches and picturesque sea views. Al Gurm promises a sustainable lifestyle, encouraging residents to use LED to minimise light pollution and increase energy efficiency and installing solar panels for water heating when building their villas.
Rashed Al Omaira, Chief Commercial Officer at Aldar Development, said: “A private community with direct access to the heart of the city, Al Gurm is one of Abu Dhabi’s most exclusive and desirable locations. The master plan is designed to provide a world class beach resort lifestyle, where residents can unwind and relax in their bespoke homes right by the water. With limited plots available for this unique product, we expect to register strong demand amongst interested UAE nationals.”
The first phase of Al Gurm was completed in 2010 where residents and visitors continue to enjoy the dedicated retail facilities, supermarket and gym within the community. The second phase is scheduled to begin construction in September 2021 with the handover expected to begin in May 2024.
This year, a number of new and unique projects have been unveiled by Aldar as the UAE’s property market recovers from the COVID-19 induced setback. Last week, Aldar introduced the launch of Saadiyat Reserve, The Dunes, where all 83 villas were quickly sold and the third phase of Noya, Yas Island which launched in May was sold out in just four hours. Villa prices in Abu Dhabi grew by 2.2 percent on a quarterly basis with 0.5 percent increase on an annual basis. About 65 million sqm of land and more than 8,000 units are still under development, according to its 2020 Sustainability Report published in the previous month.
Over the past year, the UAE government has introduced a number of initiatives to support its economy by giving visas for retirees and professionals and introducing the 5 to 10 year golden visas.
Henry Wiltshire International has been successfully selling land plots in the main investment zones such as Yas Island, Saadiyat Island and Nareel Island, catering to every requirement an investor may have. Browse through our website to search for similar property listings available and get started on your search for a perfect home with our experienced team of professionals and community experts guiding you every step of the way.