In what Aldar called its “most successful launch in terms of value”, the first phase of its new nature-inspired project in Dubai – 734 villas in The Wilds – has been sold out, generating AED5 billion ($1.38 billion).
Aldar launched three-, four-, and five-bedroom villas through a series of local and international sales events on 19 February. This is the Abu Dhabi real estate giant’s third development in Dubai in partnership with Dubai Holding.
The launch attracted a wide range of customers with expatriate residents and overseas buyers accounting for 92 per cent of sales. Buyers from India, China, and the UK made up the top three nationalities by sales volume at The Wilds.
More than half the buyers (52 per cent) were under the age of 45, indicating a strong demand for well-being and family-oriented lifestyles. First-time buyers of an Aldar property accounted for 85 per cent of sales, highlighting the increasing scale of Aldar’s customer base and reputation in Dubai.
Talal Al Dhiyebi, Group Chief Executive Officer at Aldar, commented: “The Wilds’ success is a milestone moment for Aldar as we continue to grow our footprint in Dubai.
“With AED5 billion confirmed in sales, this development marks our most successful launch in terms of value and highlights Dubai’s attractiveness as one of the world’s foremost destinations to both invest and reside. As a long-term investor in the emirate, we will capitalise on its growing economy, rising population, and our strong customer insights to ensure we are a market leader for years to come.”
The Wilds will feature almost 1,700 homes surrounded by eco corridors and green spaces that provide privacy within nature.
In the next phase of the project, Aldar will launch five- and six-bedroom mansions designed by Nabil Gholam, the world-renowned Lebanese architect, as well as one- to three-bedroom apartments.
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