Latest news with #FahidIsland
Trade Arabia
2 days ago
- Business
- Trade Arabia
Aldar unveils Fahid Island, a costal wellness destination
Aldar has unveiled the masterplan for Abu Dhabi's next iconic island destination, Fahid Island, which has an 11 km coastline and a gross development value of over AED40 billion ($10.89 billion). With 4.6 km of pristine beachfront on one side of the island and serene mangrove forests on the other, the island is a wellness sanctuary offering a seamless connection to the water. Every part of the 2.7 million sq m island is no more than a five-minute walk to the water's edge, creating a vibrant island culture complete with refined coastal residences, curated leisure, and 5-star hospitality. More than 6,000 luxury residences are planned for the island, ranging from apartments and townhouses to ultra-luxury villas. The first residential development to be introduced on Fahid Island - Fahid Beach Residences -sets a new standard for exclusive beachfront living in Abu Dhabi. This limited collection of seven buildings, each featuring 65 residences, reflects a carefully crafted approach to privacy and world-class design. Top school part of the scheme Aldar has also partnered with a leading international institution to introduce an elevated education experience to Fahid Island in line with Abu Dhabi's vision to become a regional hub for excellence in education. The school will become an integral part of the community, providing a key differentiator for family life on the island. Stretching between Abu Dhabi's most desirable lifestyle destination, Yas Island, and its cultural centre, Saadiyat Island, Fahid Island is where entertainment and culture meet wellness. A celebration of contrasts, the island offers a unique mix of city and sand, retail and relaxation, energy and serenity, and all with exceptional connectivity – Yas Island's thrilling theme parks, Saadiyat Island's Cultural District, and Zayed International Airport are all accessible in under 15 minutes. Mohamed Al Mubarak, Chairman of Aldar, said: 'Abu Dhabi is a thriving, global destination where heritage and innovation combine to create a world-class environment to live, work, and explore. Sustainable and inclusive development has been a critical part of this success, which is why Aldar remains focused on delivering communities that reflect the values and ambitions of the UAE. Fahid Island is the latest chapter in that journey—building on the success of Saadiyat and Yas Islands to offer a new benchmark in premium waterfront living, wellness, and sustainable design." Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said: 'Our plans for Fahid Island support a thriving real estate market in Abu Dhabi, where we are seeing incredible demand from buyers within the local market as well as overseas investors. With a gross development value of over AED 40 billion, Fahid Island is one of the largest mixed use residential masterplans launched in Abu Dhabi and will ensure the emirate consolidates its position as one of the world's most desirable destinations to reside, invest, and visit.' Wellness focus Wellness is woven into the very fabric of life on Fahid Island, with thirty per cent of space dedicated to natural spaces – from lush vegetation and restorative gardens to invigorating green trails. A 10km landscaped Berm Park will not only create a natural visual and acoustic buffer but will also be the island's wellness and fitness corridor with running tracks and three cycling routes that seamlessly connect to Abu Dhabi's cycle loop. Water stations, shaded rest areas, and fitness nodes are strategically placed throughout to cater to athletes of all levels. Life on the water defines Fahid Island, with kite surfing, paddle boarding, illuminated night swimming, and volleyball all available to residents. The island's 2km waterfront promenade will serve as the island's social hub – with a vibrant mix of retail, dining, and art experiences – offering a community space to stroll, pause, relax and absorb the energy of the island. Coral Drive, the island's boutique retail boulevard will offer a unique selection of trendy outlets, concept stores, art galleries, ballet school and cafés as well as eclectic street furniture, and public artworks. Fahid Island is the world's first Fitwel certified island, highlighting the health-focused design of the destination. The island has also received LEED City and Communities Platinum precertification and is targeting an Estidama 3-Pearl rating. In addition, the masterplan has been designed to ensure and promote eco-friendly mobility and connectivity, with pedestrian bridges linking the two sides of the island, as well as a streetscape designed to prioritise foot traffic paired with a shading strategy using innovative design for outdoor thermal comfort.
The National
3 days ago
- Business
- The National
At $1m for one-bed apartment, Fahid Island capitalises on Abu Dhabi's growing appeal
A one-bedroom unit at the new Fahid Island development in Abu Dhabi is priced from Dh3.5 million ($953,029) onwards, according to developer Aldar Properties, amid soaring property demand. The massive project, which has a gross development value of Dh40 billion, will be built in phases, with the first residential development – Fahid Beach Residences, with seven buildings – expected to be complete by 2029. Spread across 2.7 million square metres, with an 11km coastline, Fahid Island will be built between Yas Island and Saadiyat Island. It will have amenities including running tracks and cycling routes, with 30 per cent of space dedicated to natural spaces. Fahid Island is 'little bit more than just residential", Jonathan Emery, chief executive of Aldar Development, said during the launch of the project. 'This is sort of a destinational street. The beach is designed to draw, not just residents, but other people to come and enjoy that amenity. The quality of the school, which will shortly be announced, will also say this is not a normal residential [project] and there's something special going on here.' The island's waterfront promenade will have a mix of retail, dining and art experiences. Coral Drive, the island's boutique retail boulevard, will have outlets, concept stores, art galleries, a ballet school, cafes and public artworks. Kite surfing, paddle boarding, illuminated night swimming, and volleyball will also available to residents of the island. 'We would expect international interest in this location. I think it's got many ingredients that people would look to as a place they'd want to live. It's incredibly attractive to people from all over the world,' Mr Emery said. 'We also have a lot of local customers who have been with us loyally from the start, and they know Abu Dhabi well, and they've been like, 'When is Fahid coming?' Now they've seen it, people are very excited.' Residential property sale prices in Abu Dhabi rose by 11 per cent annually last year amid higher demand and a supply shortage in the emirate, according to a March report by real estate company Cushman & Wakefield Core. The Abu Dhabi Real Estate Centre reported that total transaction value in the emirate grew by 34.5 per cent to Dh25.3 billion across 6,896 deals in the first quarter of 2025, compared with Dh18.8 billion from 5,773 transactions in the same period of 2024. Off-plan sales in April across the UAE capital were up 75 per cent month-on-month at Dh804 million, driven by an increase in activity on Saadiyat Island and Al Jubail Island, EFG Hermes said last week. Aldar Properties accounted for the largest off-plan market share, contributing 70 per cent of off-plan activity in April. The announcement of a Disneyland Abu Dhabi theme park on Yas Island has further supported the property market. 'Disney clearly had an enormous positive impact the UAE and Abu Dhabi, primarily, it's just increased people's understanding of Abu Dhabi," Mr Emery said. 'There are many things that have put us on the map, but that is another thing that has really raised the profile. And anything that raises the profile supports Abu Dhabi, investment in Abu Dhabi … we've certainly seen an uptick in interest in investing, in moving here and investing in real estate since Disney.'
Zawya
3 days ago
- Business
- Zawya
Aldar unveils master plan of $11bln Fahid Island in Abu Dhabi
ADX-listed Aldar Properties has launched the master plan for Fahid Island, with a upward revised gross development value of more than 40 billion UAE dirhams ($10.89 billion). More than 6,000 luxury residences, ranging from apartments and townhouses to ultra-luxury villas, are planned on the 2.7 million square metre island with a 11-km coastline, the developer said in a statement on the Abu Dhabi Securities Exchange. The first residential development will be the Fahid Beach Residences, a collection of seven buildings, each featuring 65 residences, Fahid Island is one of the largest mixed-use residential masterplans launched in Abu Dhabi, said Group Chief Executive Officer Talal Al Dhiyebi. Japanese architects Kengo Kuma and Koichi Takada have designed two separate residential concepts on the island. Further residential developments are being designed by London-headquartered ACME and UAE-based NAGA Architects. In February 2023, Aldar Properties said it paid AED2.5 billion to buy Fahid Island, a 3.4 million sqm land bank located between Yas Island and Saadiyat Island, to build a new waterfront development. The project's gross development value was then estimated at AED 26 billion ($7.1 billion). (Writing by P Deol; Editing by Anoop Menon) (
The National
3 days ago
- Business
- The National
One-bedroom unit for Dh3.5m at Abu Dhabi's Fahid Island project
A one-bedroom unit at the new Fahid Island development in Abu Dhabi is priced from Dh3.5 million ($953,029) onwards, according to developer Aldar Properties, amid soaring property demand. The massive project, which has a gross development value of Dh40 billion, will be built in phases, with the first residential development – Fahid Beach Residences, with seven buildings – expected to be complete by 2029. Spread across 2.7 million square metres, with an 11km coastline, Fahid Island will be built between Yas Island and Saadiyat Island. It will have amenities including running tracks and cycling routes, with 30 per cent of space dedicated to natural spaces. Fahid Island is 'little bit more than just residential", Jonathan Emery, chief executive of Aldar Development, said during the launch of the project. 'This is sort of a destinational street. The beach is designed to draw, not just residents, but other people to come and enjoy that amenity. The quality of the school, which will shortly be announced, will also say this is not a normal residential [project] and there's something special going on here.' The island's waterfront promenade will have a mix of retail, dining and art experiences. Coral Drive, the island's boutique retail boulevard, will have outlets, concept stores, art galleries, a ballet school, cafes and public artworks. Kite surfing, paddle boarding, illuminated night swimming, and volleyball will also available to residents of the island. 'We would expect international interest in this location. I think it's got many ingredients that people would look to as a place they'd want to live. It's incredibly attractive to people from all over the world,' Mr Emery said. 'We also have a lot of local customers who have been with us loyally from the start, and they know Abu Dhabi well, and they've been like, 'When is Fahid coming?' Now they've seen it, people are very excited.' Residential property sale prices in Abu Dhabi rose by 11 per cent annually last year amid higher demand and a supply shortage in the emirate, according to a March report by real estate company Cushman & Wakefield Core. The Abu Dhabi Real Estate Centre reported that total transaction value in the emirate grew by 34.5 per cent to Dh25.3 billion across 6,896 deals in the first quarter of 2025, compared with Dh18.8 billion from 5,773 transactions in the same period of 2024. Off-plan sales in April across the UAE capital were up 75 per cent month-on-month at Dh804 million, driven by an increase in activity on Saadiyat Island and Al Jubail Island, EFG Hermes said last week. Aldar Properties accounted for the largest off-plan market share, contributing 70 per cent of off-plan activity in April. The announcement of a Disneyland Abu Dhabi theme park on Yas Island has further supported the property market. 'Disney clearly had an enormous positive impact the UAE and Abu Dhabi, primarily, it's just increased people's understanding of Abu Dhabi," Mr Emery said. 'There are many things that have put us on the map, but that is another thing that has really raised the profile. And anything that raises the profile supports Abu Dhabi, investment in Abu Dhabi … we've certainly seen an uptick in interest in investing, in moving here and investing in real estate since Disney.'
Zawya
3 days ago
- Business
- Zawya
Aldar unveils Fahid Island: Abu Dhabi's first coastal wellness destination, with over AED40bln in development value
4.6km of pristine beaches, 2km waterfront promenade, curated leisure and wellness experiences, and 5-star hospitality A 10km Berm Park will be the island's wellness and fitness corridor with running tracks and three cycling routes that seamlessly connect to Abu Dhabi's cycle loop The island will be home to a leading international education institution supporting Abu Dhabi's vision to become a regional hub for excellence in education Fahid Island is the world's first Fitwel certified island with 30 per cent of the masterplan dedicated to natural spaces Abu Dhabi, UAE: Aldar today unveiled the masterplan for Abu Dhabi's next iconic island destination, Fahid Island, which has an 11km coastline and a gross development value of over AED 40 billion. With 4.6km of pristine beachfront on one side of the island and serene mangrove forests on the other, the island is a wellness sanctuary offering a seamless connection to the water. Every part of the 2.7 million sqm island is no more than a five-minute walk to the water's edge, creating a vibrant island culture complete with refined coastal residences, curated leisure, and 5-star hospitality. Aldar has also partnered with a leading international institution to introduce an elevated education experience to Fahid Island in line with Abu Dhabi's vision to become a regional hub for excellence in education. The school will become an integral part of the community, providing a key differentiator for family life on the island. Stretching between Abu Dhabi's most desirable lifestyle destination, Yas Island, and its cultural centre, Saadiyat Island, Fahid Island is where entertainment and culture meet wellness. A celebration of contrasts, the island offers a unique mix of city and sand, retail and relaxation, energy and serenity, and all with exceptional connectivity – Yas Island's thrilling theme parks, Saadiyat Island's Cultural District, and Zayed International Airport are all accessible in under 15 minutes. H.E. Mohamed Al Mubarak, Chairman of Aldar said: 'Abu Dhabi is a thriving, global destination where heritage and innovation combine to create a world-class environment to live, work, and explore. Sustainable and inclusive development has been a critical part of this success, which is why Aldar remains focused on delivering communities that reflect the values and ambitions of the UAE. Fahid Island is the latest chapter in that journey—building on the success of Saadiyat and Yas Islands to offer a new benchmark in premium waterfront living, wellness, and sustainable design." Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said: ' Our plans for Fahid Island support a thriving real estate market in Abu Dhabi, where we are seeing incredible demand from buyers within the local market as well as overseas investors. With a gross development value of over AED 40 billion, Fahid Island is one of the largest mixed use residential masterplans launched in Abu Dhabi and will ensure the emirate consolidates its position as one of the world's most desirable destinations to reside, invest, and visit.' Wellness is woven into the very fabric of life on Fahid Island, with thirty per cent of space dedicated to natural spaces – from lush vegetation and restorative gardens to invigorating green trails. A 10km landscaped Berm Park will not only create a natural visual and acoustic buffer but will also be the island's wellness and fitness corridor with running tracks and three cycling routes that seamlessly connect to Abu Dhabi's cycle loop. Water stations, shaded rest areas, and fitness nodes are strategically placed throughout to cater to athletes of all levels. Life on the water defines Fahid Island, with kite surfing, paddle boarding, illuminated night swimming, and volleyball all available to residents. The island's 2km waterfront promenade will serve as the island's social hub – with a vibrant mix of retail, dining, and art experiences – offering a community space to stroll, pause, relax and absorb the energy of the island. Coral Drive, the island's boutique retail boulevard will offer a unique selection of trendy outlets, concept stores, art galleries, ballet school and cafés as well as eclectic street furniture, and public artworks. Fahid Island is the world's first Fitwel certified island, highlighting the health-focused design of the destination. The island has also received LEED City and Communities Platinum precertification and is targeting an Estidama 3-Pearl rating. In addition, the masterplan has been thoughtfully designed to ensure and promote eco-friendly mobility and connectivity, with pedestrian bridges linking the two sides of the island, as well as a streetscape designed to prioritise foot traffic paired with a shading strategy using innovative design for outdoor thermal comfort. Aldar has engaged some of the world's most renowned architects to design the island's residential offering, including Japanese architects Kengo Kuma and Koichi Takada who have designed two separate residential concepts on the island. Further residential developments are being designed by London headquartered ACME and UAE based NAGA Architects. More than 6,000 luxury residences are planned for the island, ranging from apartments and townhouses to ultra-luxury villas. The first residential development to be introduced on Fahid Island - Fahid Beach Residences -sets a new standard for exclusive beachfront living in Abu Dhabi. This limited collection of seven buildings, each featuring 65 residences, reflects a carefully crafted approach to privacy and world-class design. About Aldar Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East North Africa, and Europe. The company has two core business segments, Aldar Development and Aldar Investment. Aldar Development is a master developer of a 62 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah's most desirable destinations. The delivery of Aldar's developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE's capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC. Aldar Investment houses a core asset management business comprising a portfolio of more than AED 46 billion worth of investment grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, and hospitality segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates.
