Real estate companies such as Al Dar Properties, Al Qudra Holding, Bloom, and Neyyarz announced a total of 12 new projects. Among them are nine projects offering over 3,700 residential units, Invest-Gate reports.
Indicators from the Dari platform, affiliated with the Department of Municipalities and Transport in Abu Dhabi, revealed the registration of 30 projects since the beginning of 2023
These projects include ready and under-construction developments and new phases in existing projects. In addition to a project providing housing for employees and another involving the construction of a comprehensive smart city, there is also a project dedicated to hotel apartments.
Also, three projects were unveiled for citizen housing, offering 3,500 villas, through collaboration between the Abu Dhabi Housing Authority, Al Dar Properties, and Al Qudra Holding.
During the first half of this year, Al Dar Properties announced the launch of five new projects, providing approximately 2,100 residential units. These include The Source 2 and The Source 1 in Saadiyat, Sustainable City – Yas Island, Manarat Living on Saadiyat Island, and Rayhan Living in El Shamkha area.
Furthermore, Al Dar announced at the beginning of this year its acquisition of Al Fahid Island in Abu Dhabi, which will accommodate 4,000 homes. Additionally, they signed a joint obligatory agreement with “Dubai Holding” to develop new projects comprising more than 9,000 units in various phases.
Notably, the data released by the Department of Municipalities and Transport in Abu Dhabi has shown significant momentum in the real estate market in the emirate since the beginning of this year, both in terms of the value and number of properties sold during this period.