Aldar Properties, Abu Dhabi’s biggest developer, said that the three apartment buildings launched in the first phase of Grove District have sold out.
The units at Grove Museum Views, Grove Beach Views, and Grove Uptown Views achieved AED 600 million in sales. 37 percent of sales were completed by non-resident buyers. Expatriate residents accounted for a further 27 percent, while the remainder were purchased by Emirati customers.
89 percent of the units were sold to buyers purchasing their first Aldar property, while 39 percent were sold to female buyers. 59 percent of all buyers were under the age of 45.
Open to buyers of all nationalities, units are competitively priced with studios starting from AED 905,000, AED 1,400,000 for one-bedroom apartments, and AED 2,399,000 for a two-bedroom unit.
“Located at the centre of three cultural institutions, Grove District has commanded overwhelming interest from both local and international buyers,” Commenting on the sales performance of Grove District, Rashed Al Omaira, Chief Commercial Officer at Aldar Development, said. “The success of this sales launch reflects Abu Dhabi’s appeal as an investment destination and the growing awareness of Saadiyat Island as a world class destination.”
Grove District sits within Aldar’s flagship Saadiyat Grove development, and its apartments
boast partial views of the sea, as well as the island’s three iconic landmarks: Zayed
National Museum, Louvre Abu Dhabi, and Guggenheim Abu Dhabi.
The development, when completed, will comprise 612 units in five residential buildings across luxury, lifestyle, and urban themed districts.
