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Abu Dhabi developer Imkan Properties is set to launch new projects ahead of schedule this year amid strong demand for real estate in the capital.
A subsidiary of Abu Dhabi Capital Group, Imkan said the “excellent” sales performance had contributed to the sell-out of the first phase of Pixel on Reem Island, Nudra on Saadiyat Island and AlJurf Gardens, a project on the coast between Abu Dhabi . Dhabi and Dubai.
As such, it will be in the Makers District of Reem Island and Aryuf This year.
Suwaidan Al Dhaheri, Managing Director of Imkan, said: “The right design, developed by a trusted developer in a prime location, continues to represent a premium investment opportunity and our project fits that profile.”
“Our aggressive placemaking approach has contributed to a portfolio of 26 projects on three continents, maximizing financial value, minimizing investor risk and creating unique living environments focused on the well-being of residents. “
Abu Dhabi recorded 7,474 real estate transactions The UAE real estate market was valued at more than AED22.51 billion ($6.12 billion) in the first six months of the year as the UAE property market continued to rebound from the coronavirus-induced slowdown.
Imkan announced the sale of the second phase of AlJurf in June, with a total of 98 villas available for sale. Phase 1, including 293 smallThe 370-hectare, Dh15 billion “ranch-style” villa will be completed by mid-2023.
It is being developed as a coastal resort for UAE city dwellers and is seeking to protect 100,000 trees, turtles and other wildlife. There will be a private marina, a private beach and a large central park.
Meanwhile, Pixel in the Makers district has more than 500 units spread across seven towers and features an open plaza offering artisan restaurants, cafes, co-working spaces, offices and shops.
A series of new developments have been announced in Abu Dhabi this year.
Earlier this week, Bloom Holding launched The second phase of the Bloom Living projectwhich will provide more than 4,000 residential units upon completion.
Aldar launched the Yas Golf Collection and Yas Gate Park on Yas Island, as well as the The Grove District on Saadiyat Island, Abu Dhabi. it is also developing Louvre Apartment on Saadiyat Island.
on the island of Rem, Reem Hills will be AED8 billion The 1.8 million-square-meter gated community will be built on a man-made hill – a first for the UAE capital.
Updated: September 8, 2022 3:30AM
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