{"id":52083,"date":"2017-04-17T23:21:16","date_gmt":"2017-04-17T16:21:16","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=52083"},"modified":"2017-04-17T21:30:05","modified_gmt":"2017-04-17T14:30:05","slug":"aldar-maintains-its-aim-at-abu-dhabi-mid-market-property","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-maintains-its-aim-at-abu-dhabi-mid-market-property\/","title":{"rendered":"Aldar maintains its aim at Abu Dhabi mid-market property"},"content":{"rendered":"


\nAldar Properties will continue its focus on the price-conscious Abu Dhabi investor with the launch at a property exhibition in the capital today of its second mid-market off-plan housing project. Abu Dhabi’s largest listed developer said yesterday that it plans to build 1,272 homes on Reem Island with prices for studio apartments starting at Dh450,000. At 2015’s Cityscape Abu Dhabi event, Aldar launched Shams Meera, its first mid-market project, with prices starting at Dh900,000 for a one-bedroom flat. Construction work started in 2016.Aldar said that the new Dh1.3 billion The Bridges project, close to Repton School Abu Dhabi in the Shams district of Reem Island, would comprise eight towers, three of which the developer plans to retain as part of its leasing portfolio. The news comes as brokers published more bearish data on the Abu Dhabi property market. Asteco said yesterday that apartment sale prices for completed properties fell by an average of 2 per cent in the first three months of the year and 4 per cent compared with a year earlier. Earlier this week JLL and dubizzle put the decline at 5 per cent. “As far as we’re concerned work is going at full steam ahead,” said Mohamed Al Mubarak, Aldar’s chief executive. “Museums are being built, theme parks are being built, schools are being built, hospitals are being built. All these need people to work in them.” Aldar said that it was marketing the project to end users and investors earning between Dh20,000 and Dh30,000 a month – people the company said made up between 40 and 60 per cent of the total population of the capital. Studio apartments are priced at between Dh450,000 and Dh460,000. One-bedroom apartments will be marketed for Dh730,000 and two-bed apartments for about Dh1 million. Construction is expected to begin in the fourth quarter, with handover during the first quarter of 2020. Aldar’s launch is expected to be one of a number of off-plan property launches at Cityscape Abu Dhabi. These include Imkan, which will start marketing its The Artery building in the new Makers District on Reem Island, and Abu Dhabi developer Bloom, which will start marketing its Bloom Towers housing development in Jumeirah Village Circle in Dubai.lbarnard@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Aldar maintains its aim at Abu Dhabi mid-market property<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Aldar Properties will continue its focus on the price-conscious Abu Dhabi investor with the launch...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-52083","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-dy3","jetpack-related-posts":[{"id":48854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabi-developer-aldar-sets-sights-on-yas-and-reem-projects\/","url_meta":{"origin":52083,"position":0},"title":"Abu Dhabi developer Aldar sets sights on Yas and Reem projects","date":"March 21, 2017","format":false,"excerpt":"\r Aldar Properties expects to invest Dh1.9 billion in developing four new projects on Reem Island and Yas Island in Abu Dhabi as part of the company's plans to boost its recurring revenue. Abu Dhabi's largest listed property developer said on Monday in a statement it plans to build a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":51701,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-closes-in-on-early-completion-of-abu-dhabi-projects\/","url_meta":{"origin":52083,"position":1},"title":"Aldar closes in on early completion of Abu Dhabi projects","date":"April 12, 2017","format":false,"excerpt":"\r Aldar Properties has said that it is nearing completion on two of its new Abu Dhabi housing projects ahead of planned hand\u00adovers in this autumn.The developer said in that it was on track to hand over its Ansam project on Yas Island and Hadeel on Raha Beach in September.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-plans-1-million-square-foot-park-on-reem-island\/","url_meta":{"origin":52083,"position":2},"title":"Aldar plans 1 million square foot park on Reem Island","date":"April 18, 2017","format":false,"excerpt":"\r Aldar Properties plans to develop a Dh250 million, 1,000,000 square foot public park on Reem Island. The park will be completed in 2018.Abu Dhabi's largest listed property developer said on Tuesday that the multi-tiered park will include a 4-kilometre promenade, a 2,000-worshipper capacity mosque, food and beverage outlets, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-gives-update-on-abu-dhabi-residential-projects\/","url_meta":{"origin":52083,"position":3},"title":"Aldar gives update on Abu Dhabi residential projects","date":"April 27, 2016","format":false,"excerpt":"\r Aldar Properties said today that its projects in Abu Dhabi are progressing on schedule.\"Al Hadeel, Ansam, Al Merief, Nareel Island residential projects are all on track to be completed according to their respective schedules with steady progress being made on foundational, structural and MEP work,\" it said in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/work-to-start-on-aldars-reem-island-mid-market-housing-project\/","url_meta":{"origin":52083,"position":4},"title":"Work to start on Aldar's Reem Island mid-market housing project","date":"August 29, 2016","format":false,"excerpt":"\r Work on Aldar Properties' first mid-market housing block in Abu Dhabi is set to start after the developer awarded contractor Fibrex a Dh258 million contract to build it.Construction work on the two 26-storey Meera Shams towers in the Shams area of Reem Island in the capital will start immediately,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47899,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-reem-island-projects-approved-by-abu-dhabi-city-planners\/","url_meta":{"origin":52083,"position":5},"title":"New Reem Island projects approved by Abu Dhabi city planners","date":"March 14, 2017","format":false,"excerpt":"\r Abu Dhabi planners have approved a slew of new projects that includes a hotel apartment development on Reem Island. Aldar's planned Shams Marina serviced apartment and apartment scheme was one of a number of projects signed off by the city's Urban Planning Council in the final quarter of 2016.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52083"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=52083"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52083\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=52083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=52083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=52083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}