Aldar launches a new villa project on Saadiyat Island in Abu Dhabi

The development, named Saadiyat Reserve/The Dunes, consists of 83 four- and five-bedroom villas.

Aldar Properties, Abu Dhabi’s biggest developer, announced the last phase of the Saadiyat Reserve residential project, located on Saadiyat Island.

Named Saadiyat Reserve/The Dunes, the new phase comprises 83 four- and five-bedroom villas, Aldar reported on Wednesday.

The previous phases of Saadiyat Reserve offered only villa plots that proved to be very popular with customers, said Rashed Al Omaira, chief commercial officer at Aldar Development.

'We expect similar demand for our turnkey villa options at Saadiyat Reserve The Dunes,' he said.

Prices of four-bedroom villas spanning 539 square meters start from USD 1.7 million. Prices of five-bedroom villas that have areas between 637 square meters and 686 square meters start from USD 2.1 million.

In line with Aldar’s commitment to UAE’s In-Country Value program, there will be a significant focus on sourcing as many local building materials for the project as possible in order to reduce carbon emissions.

UAE property market is still recovering from the coronavirus-induced crisis, supported by the government stimulus measures an extensive vaccination program.

According to Asteco's latest report, average villa prices in Abu Dhabi grew by 1 percent quarter-on-quarter at the end of Q1 2021, while apartment sales prices remained unchanged.

During the pandemic UAE and Abu Dhabi demonstrated great economical resilience and dealt with the health crisis perfectly. This has boosted investor confidence and one of the primary asset classes they choose to invest in is property.

Aldar plans to launch five new projects this year on Al Reem, Saadiyat and Yas Islands and aims to equal or surpass 2020 sales of USD 980 million.