The initial two phases of Aldar Properties’ Haven project have achieved complete sell-out status, as reported by the Abu Dhabi-based real estate developer. Remarkably, more than three-fourths of the units in the development were snapped up by foreign buyers and expatriate residents.
In the first phase, Aldar released a total of 318 units, followed by another 468 units in the subsequent stage. This resulted in sales totaling over Dh3.1 billion for the project’s 786 villas and townhouses. Notably, this marks Aldar’s inaugural residential development in Dubai.
While UAE citizens accounted for the remaining 23% of sales at Haven, overseas and expatriate residents constituted a significant 77% of the total sales. This underscores Dubai’s status as a prominent global real estate investment hub and a preferred destination for long-term residency. Among all buyers, male purchasers made up 76% of sales, while female buyers comprised the remaining 24%.
Approximately 51% of buyers fall under the age of 45, indicating the younger generation’s preference for well-being-oriented communities. Impressively, 85% of Aldar’s property sales are made to first-time buyers, demonstrating the expanding reach of Aldar’s clientele.
In early 2024, the final phase of Haven, featuring villas, townhouses, and apartments, will become available for purchase to buyers of all nationalities. This development is part of a collaborative effort between Aldar and Dubai Holding and is the first of three new residential communities planned for development in Dubai.
Rashed Al Omaira, Chief Commercial Officer at Aldar Development, remarked, “Haven’s successful sell-out is a testament to Aldar’s track record in delivering high-quality developments, complemented by Dubai’s reputation as an ideal destination for long-term residence.”
