One of Abu Dhabi's most popular developers, Aldar Properties, is working in another popular city in the UAE. Yes, it is Dubai and the developer is launching new properties that will provide a luxurious lifestyle. Let us see something more about this.
The newly launched project called ATHLON is the second residential development in the prime location of Dubai. This new property is being built with the partnership of Dubai Holding. It will include townhouses and villas with around 1,492 number of units. For now the expected starting price is Dh 2.8 million.
These two companies have been working together from last year of February 2023 which made Aldar's grand entry to the luxurious property market of Dubai and now their second project is being built at Dubailand. Their first project, Haven by Aldar, was also successful and sold out shortly after its launch.
The booking of these new luxurious properties has begun from May 7 of 2024, and it is also predicted that this new project by Aldar is going to be sold out very soon so it is good to purchase these properties now. People are interested in Athlon because of its lavishness and connectivity to other prime locations like Dubai International Airport and Al Maktoum International Airport. The project is also close to Global Village entertainment centre.
The top professionals of Aldar Development are very much excited about the new ATHLON by ALDAR project because it is the second step to the expansion of Dubai's real estate after the huge buzz of their first project called Haven by Aldar. The builder is aiming to increase its sales by around Dh 31 billion, and for that, the company is working on several new luxurious properties in prime locations in the UAE by working with other top builders.
Some professionals from Dubai Housing are expecting that as there is still continuous demand for the luxurious houses in Dubai from local to foreign people which will benefit the sales of Athlon's housing properties by rich people around the world. This high number of property transactions is also supported by the government, which has friendly rules and security, which has helped the growth of real estate in the UAE.
Some reports also showed that there was a significant rise in the price of the launched properties because of which the new properties were sold out, and the same is also expected for this new project by Aldar. This shows that real estate plays an important role in the economy of countries like UAE. A growth of around 20.1 per cent has been seen for the apartments and mid-priced properties in prime locations of Dubai.
Villas are also in the race of growth with 29.6 percent of increase in demand for a year. In 2024, the property market of UAE is going to see a "new phase" with the continuous bouncing back of the apartment market along with smooth growth for villa properties. This year will also see new launches of lavish houses and some commercial projects also.
Dubai has a very good percentage of growth, Dubai is still attracting a huge number of investors from countries like India, Russia, and China. This shows that Dubai's real estate is still playing a good role in helping UAE to be one of the top players in the Middle East.
The project will have a vast green area filled with parks, gardens, and areas for playing outdoor games. The property is also located close to tracks which is spread about 10 km and connects to Al Qudra cycling track. The builder has also made sure that the project is being built with low carbon emission and use of local materials. This is the green adaptation of Aldar and it is done in every property development.
Aldar is also going to give attractive payment plans to celebrate its 20th anniversary and to show their role in the development of UAE's real estate which also helped in economic growth also. The company also sold the most expensive apartment in Abu Dhabi located at Saadiyat Island for around Dh 137 million. This shows the demand for houses built by Aldar.
Aldar has delivered a lot of luxurious projects in Abu Dhabi, and some of them were very expensive and were sold out. Aldar is becoming the choice of rich people around the world because of the lavishness and exclusive facilities that come with the project. Looking into the popularity of their past projects in Abu Dhabi, Aldar has entered the luxurious property market of Dubai and is now providing a new housing project called ATHLON. If you want a world-class house in a top city like Dubai, then this new property is for you.
