Latest news with #JonathanEmery
Zawya
3 hours ago
- Business
- Zawya
Aldar generates more than $953mln in sales at Fahid Island during launch week
Aldar today announced it has generated over AED3.5 billion in sales at Fahid Beach Residences and The Beach House, the island's first residential developments released during launch week. The Fahid Island homes attracted a diverse pool of buyers, drawn by the island's position as Abu Dhabi's first coastal wellness destination, the waterfront lifestyle, and proximity to super-premium education at Kings College School Wimbledon which sits within the wider wellness inspired masterplan. Expatriate residents and overseas buyers account for 67% of total sales, with buyers from the UAE, Russia, the UK, and China making up the top nationalities by sales volume. This strong local and international interest underscores Fahid Island's emerging global profile as a premier lifestyle destination where wellness meets culture, nature, and community. 42% of buyers are under the age of 45, signalling growing demand for luxury wellness-focused living among younger demographics. Notably, 67% of buyers are first-time Aldar customers, demonstrating Aldar's expansive reach and the appeal of the Group's thoughtfully curated destinations. Jonathan Emery, Chief Executive Officer at Aldar Development, said, 'The highly anticipated launch of Fahid Island has resulted in the first homes released generating more than AED3.5 billion - and serves as a powerful validation of our vision to place wellness at the heart of community living. The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations and we are expecting continued interest in Fahid Island as Abu Dhabi's first wellness island builds its profile on the global stage.' In response to the overwhelming demand for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, The Beach House during launch week and sales progress continues at pace. Comprised of 11 elegantly designed towers offering a collection of studios to 3-bedroom + maid apartments, the new development draws on its coastal surroundings and is thoughtfully crafted to evoke a sense of calm, lightness, and relaxed sophistication. Residents benefit from exquisite interiors and breathtaking views of the sea and Abu Dhabi skyline, as well as a state-of-the-art amenities and facilities, direct shoreline access, and seamless connectivity to Coral Drive, the island's boutique retail boulevard. With further residential launches planned, Aldar will continue to deliver on its vision to transform Fahid Island into a vibrant, wellness-focused destination that redefines coastal living in the region.
Arabian Business
6 hours ago
- Business
- Arabian Business
Abu Dhabi real estate: Aldar records $53m in sales at Fahid Island launch
Aldar has announced more than AED3.5bn ($953m) in sales from the launch of Fahid Island, Abu Dhabi's first coastal wellness destination. The initial phase of residential offerings, Fahid Beach Residences and The Beach House, achieved high demand during launch week, attracting strong local and international interest. The performance highlights growing demand for wellness-focused, waterfront living in Abu Dhabi, with 67 percent of sales coming from expatriates and overseas buyers. The top buyer nationalities include residents from the UAE, Russia, the UK, and China. Fahid Island in Abu Dhabi 67 per cent of buyers were first-time Aldar customers 42 per cent of buyers were under the age of 45 Sales were driven by a blend of wellness lifestyle appeal, prime coastal location, and proximity to King's College School Wimbledon Jonathan Emery, CEO at Aldar Development, said: 'The highly anticipated launch of Fahid Island has resulted in the first homes released generating more than AED3.5bn – and serves as a powerful validation of our vision to place wellness at the heart of community living. 'The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations and we are expecting continued interest in Fahid Island as Abu Dhabi's first wellness island builds its profile on the global stage.' Aldar accelerated the release of The Beach House, a second residential offering featuring 11 coastal-inspired towers with studios to three-bedroom + maid apartments. The new residences offer direct shoreline access, views of the sea and Abu Dhabi skyline, luxury amenities and connection to Coral Drive, the island's boutique retail boulevard.
The National
9 hours ago
- Business
- The National
Aldar generates more than Dh3.5bn in home sales at Fahid Island launch
Aldar Properties generated more than Dh3.5 billion ($953 million) in sales from Fahid Beach Residences and The Beach House, the island's first residential developments released during launch week, amid soaring property demand. The Fahid Island homes attracted a range of buyers. Expatriate residents and overseas purchasers accounted for 67 per cent of total sales, the developer said in a statement on Friday. Buyers from the UAE, Russia, the UK and China made up the top nationalities by sales volume. The company, Abu Dhabi's biggest listed developer, said 42 per cent of buyers were under the age of 45 and 67 per cent of them were first-time Aldar customers. Watch: Abu Dhabi to develop new island with one-bed apartments priced at $1 million Key demand drivers include Fahid Island's position as Abu Dhabi's first coastal wellness destination, its waterfront lifestyle and proximity to Kings College School Wimbledon, which sits within the wider wellness-inspired masterplan. 'The sales serve as a powerful validation of our vision to place wellness at the heart of community living,' Jonathan Emery, chief executive at Aldar Development, said. 'The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations.' A one-bedroom unit at the new development is priced from Dh3.5 million. The massive project, which has a gross development value of Dh40 billion, will be built in phases. The first residential development – Fahid Beach Residences, with seven buildings – is expected to be complete by 2029. Spread across 2.7 million square metres, with an 11km coastline, Fahid Island is being built between Yas Island and Saadiyat Island. It will have amenities including running tracks and cycling routes, with 30 per cent of the area dedicated to natural spaces. Residential property sale prices in Abu Dhabi rose by 11 per cent annually last year amid higher demand and a supply shortage, according to a March report by real estate company Cushman & Wakefield Core. Aldar launches Fahid Island – in pictures The Abu Dhabi Real Estate Centre reported that total transaction value in the emirate grew by 34.5 per cent to Dh25.3 billion across 6,896 deals in the first quarter of 2025, compared with Dh18.8 billion from 5,773 transactions in the same period of 2024. Off-plan sales in April across the UAE capital were up 75 per cent month-on-month at Dh804 million, driven by an increase in activity on Saadiyat Island and Al Jubail Island, EFG Hermes said in May. Aldar Properties accounted for the largest off-plan market share, contributing 70 per cent of activity in April. The announcement of a Disneyland Abu Dhabi theme park on Yas Island has further supported the property market. In response to the 'overwhelming demand' for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, The Beach House. The new development comprises 11 towers including studios and three-bedroom apartments. It offers views of the sea and Abu Dhabi skyline, shoreline access and connectivity to Coral Drive, the island's boutique retail boulevard. Aldar said on Friday it has planned further residential launches for Fahid Island. The island's waterfront promenade will have a combination of retail, dining and art experiences. Coral Drive will have outlets, concept stores, art galleries, a ballet school, cafes and public artworks. Kite surfing, paddle boarding, illuminated night swimming, and volleyball will also available to residents of the island.
Al Bawaba
11 hours ago
- Business
- Al Bawaba
Aldar Generates More Than Aed 3.5 Billion in Sales at Fahid Island During Launch Week
Following exceptional interest in Fahid Island - Abu Dhabi's first coastal wellness destination and the world's first Fitwel certified island - Aldar today announced it has generated over AED 3.5 billion in sales at Fahid Beach Residences and The Beach House, the island's first residential developments released during launch Fahid Island homes attracted a diverse pool of buyers, drawn by the island's position as Abu Dhabi's first coastal wellness destination, the waterfront lifestyle, and proximity to super-premium education at Kings College School Wimbledon which sits within the wider wellness inspired masterplan. Expatriate residents and overseas buyers account for 67% of total sales, with buyers from the UAE, Russia, the UK, and China making up the top nationalities by sales volume. This strong local and international interest underscores Fahid Island's emerging global profile as a premier lifestyle destination where wellness meets culture, nature, and community.42% of buyers are under the age of 45, signalling growing demand for luxury wellness-focused living among younger demographics. Notably, 67% of buyers are first-time Aldar customers, demonstrating Aldar's expansive reach and the appeal of the Group's thoughtfully curated Emery, Chief Executive Officer at Aldar Development said: 'The highly anticipated launch of Fahid Island has resulted in the first homes released generating more than AED 3.5 billion - and serves as a powerful validation of our vision to place wellness at the heart of community living. The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations and we are expecting continued interest in Fahid Island as Abu Dhabi's first wellness island builds its profile on the global stage.'In response to the overwhelming demand for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, The Beach House during launch week and sales progress continues at pace. Comprised of 11 elegantly designed towers offering a collection of studios to 3-bedroom + maid apartments, the new development draws on its coastal surroundings and is thoughtfully crafted to evoke a sense of calm, lightness, and relaxed sophistication. Residents benefit from exquisite interiors and breathtaking views of the sea and Abu Dhabi skyline, as well as a state-of-the-art amenities and facilities, direct shoreline access, and seamless connectivity to Coral Drive, the island's boutique retail boulevard. With further residential launches planned, Aldar will continue to deliver on its vision to transform Fahid Island into a vibrant, wellness-focused destination that redefines coastal living in the region.
The National
03-06-2025
- Business
- The National
At $1m for one-bed apartment, Fahid Island capitalises on Abu Dhabi's growing appeal
A one-bedroom unit at the new Fahid Island development in Abu Dhabi is priced from Dh3.5 million ($953,029) onwards, according to developer Aldar Properties, amid soaring property demand. The massive project, which has a gross development value of Dh40 billion, will be built in phases, with the first residential development – Fahid Beach Residences, with seven buildings – expected to be complete by 2029. Spread across 2.7 million square metres, with an 11km coastline, Fahid Island will be built between Yas Island and Saadiyat Island. It will have amenities including running tracks and cycling routes, with 30 per cent of space dedicated to natural spaces. Fahid Island is 'little bit more than just residential", Jonathan Emery, chief executive of Aldar Development, said during the launch of the project. 'This is sort of a destinational street. The beach is designed to draw, not just residents, but other people to come and enjoy that amenity. The quality of the school, which will shortly be announced, will also say this is not a normal residential [project] and there's something special going on here.' The island's waterfront promenade will have a mix of retail, dining and art experiences. Coral Drive, the island's boutique retail boulevard, will have outlets, concept stores, art galleries, a ballet school, cafes and public artworks. Kite surfing, paddle boarding, illuminated night swimming, and volleyball will also available to residents of the island. 'We would expect international interest in this location. I think it's got many ingredients that people would look to as a place they'd want to live. It's incredibly attractive to people from all over the world,' Mr Emery said. 'We also have a lot of local customers who have been with us loyally from the start, and they know Abu Dhabi well, and they've been like, 'When is Fahid coming?' Now they've seen it, people are very excited.' Residential property sale prices in Abu Dhabi rose by 11 per cent annually last year amid higher demand and a supply shortage in the emirate, according to a March report by real estate company Cushman & Wakefield Core. The Abu Dhabi Real Estate Centre reported that total transaction value in the emirate grew by 34.5 per cent to Dh25.3 billion across 6,896 deals in the first quarter of 2025, compared with Dh18.8 billion from 5,773 transactions in the same period of 2024. Off-plan sales in April across the UAE capital were up 75 per cent month-on-month at Dh804 million, driven by an increase in activity on Saadiyat Island and Al Jubail Island, EFG Hermes said last week. Aldar Properties accounted for the largest off-plan market share, contributing 70 per cent of off-plan activity in April. The announcement of a Disneyland Abu Dhabi theme park on Yas Island has further supported the property market. 'Disney clearly had an enormous positive impact the UAE and Abu Dhabi, primarily, it's just increased people's understanding of Abu Dhabi," Mr Emery said. 'There are many things that have put us on the map, but that is another thing that has really raised the profile. And anything that raises the profile supports Abu Dhabi, investment in Abu Dhabi … we've certainly seen an uptick in interest in investing, in moving here and investing in real estate since Disney.'
