Abu Dhabi – Mubasher: Aldar Properties announced selling more than 50% of Nareel Island's land plots located in Abu Dhabi.
Purchasers started receiving their land plots in the island a month ago, Maan Al Awlaqi, executive director of commercial operations at Aldar Properties, said.
It is expected to complete delivering the first phase of the island’s villas within the coming two years, Al Awlaqi added.
The island comprises 161 land plots with a total area of 351,000 square metres, the Abu Dhabi-based property development company noted. More than 50% of these plots have been sold at a price starting from AED 5.6 million.
It is worth noting that the real estate developer has completed the plots’ infrastructure.
