ALDAR first to deliver project on Abu Dhabi real estate market

ALDAR, Abu Dhabi's leading real estate developer, handed over the keys to the owners in the first phase of a process that will take approximately 24 months to fully complete. To mark this landmark in the development ALDAR held a celebration ceremony with some of the new residents of Al Raha Gardens.

Al Raha Gardens, is 665,000 square meters of landscaped area, incorporating luxurious villas, town houses, schools, community retail, dining outlets all set in lush landscaped areas making it the most complete integrated residential community in Abu Dhabi.

"Today is historic for Abu Dhabi, ALDAR and Al Raha Gardens. The delivery of the first ever project on the Abu Dhabi real estate market is a point of great pride for us at ALDAR. However, today is also significant in that we have demonstrated our commitment and promise to the United Arab Emirates, ensuring that we always set out to achieve our developmental aims," said Ahmed Al Sayegh, Chairman, ALDAR.

The delivery of the first villas in Phase One of Al Raha Gardens also signals the opportunity for owners to realize attractive villa rentals and secondary market sales opportunities. All the properties were sold on the first day of the launch and the development is becoming a highly desirable location for Abu Dhabi's growing population especially those who commute to Dubai as Jebel Ali is only 45 minutes away.

To meet the growing demand for rental properties ALDAR has established ALDAR Property Solutions - APS, to act as an autonomous entity that will be the exclusive leasing and management agent for all owners wishing to rent their properties on Al Raha Gardens. APS will establish new standards of real estate management and maintenance delivering enhanced levels of customer service, therefore offering peace of mind to those owners leasing their properties on Al Raha Gardens. APS will also ensure that the properties available for lease will attract premium rentals offering good financial returns for owners.

Not only is Al Raha Gardens a luxurious and safe place for families to live, but it has been designed with minimal impact to the surrounding environment in mind. The use of mature landscape within the parks and play areas and around the numerous water features has created cool shaded areas where families can relax and the numerous schools and recreational areas makes Al Raha Gardens the most family friendly community in Abu Dhabi.

Al Raha Gardens will also be in close proximity to the other ALDAR master developments of Al Raha Beach and YAS Island making it an ideal location for leisure and recreational pursuits.

Abu Dhabi is attracting many people to the United Arab Emirates through its progressive aim of attaining complete sustainability in an already thriving economy. ALDAR is a market leader at the forefront of the massive changes being seen in Abu Dhabi and Al Raha Gardens confirms the organization as the industry benchmark.

"What we have achieved in delivering Al Raha Gardens to Abu Dhabi is a complete holistic family community a feat that we are very proud of. ALDAR is a rapidly expanding organization in a greatly changing city and we have cemented our place at the forefront of this wave of change," commented Ron Barrott, CEO, ALDAR.