Villa sales of Al Raha Gardens

ABU DHABI — Aldar Properties yesterday announced the successful completion of its villa sales at the Al Raha Gardens community development adjacent to its Al Raha beach development.

By (WAM)

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Published: Sun 24 Jul 2005, 10:30 AM

Last updated: Thu 2 Apr 2015, 4:43 PM

The first release of homes on June 14th sold out completely in 45 minutes. The second release was transacted through a random selection process from 21,000 prospective purchasers who had previously registered with Aldar.

"We had originally planned to release this development in four phases" however, due to the unprecedented demand at the first release, we combined our planned second and third phases together, a company official said.

This second release of villas has now been allocated and sold to those customers identified in the random selection process undertaken on July 5, said Adel Al Beraiki, Aldar's sales and leasing director.

Aldar’s Al Raha Gardens is the first property development to be offered for sale in Abu Dhabi. It is conceived as an integrated and gated community comprising residential accommodations, shops and schools set in the tranquil haven of an open park and landscaped environment. The final release, comprising a mix of apartments and commercial spaces, will in the last quarter of 2005.

Construction activities will commence in the next six weeks."

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