Island Property: Occupancy Timeline

Aldar is launching Fahid Island, a new wellness-themed residential destination in Abu Dhabi, with property sales starting after Eid. This Dh40 billion plus development offers investors a chance to purchase property, with one-bedroom units starting at Dh3.5 million. The project aims to create a premium waterfront experience.

The initial phase, "Fahid Beach Residences," will feature seven buildings with approximately 450 apartments. Aldar plans to release properties in phases throughout the year. Fahid Island will eventually house over 6,000 residences and is expected to be completed within six to seven years, with the first phase of homes ready by 2029.

The island will also include a mixed-use offering, featuring hotels and a high-performing international school. Aldar is planning for two hospitality options, including a 5-star beach resort, and will collaborate with global hotel brands. Real estate agents report strong investor interest, with pricing comparable to existing Yas Island properties.