Fahid Beach Residences and The Beach House, the island’s first residential buildings presented during launch week, brought in almost Dh3.5 billion ($953 million) in sales for Aldar Properties, despite the high demand for real estate.
A variety of customers were drawn to the houses on Fahid Island. According to a statement released by the developer on Friday, 67% of all sales were made by foreign buyers and expatriate residents. According to sales volume, the leading nationalities of buyers were China, Russia, the United Kingdom, and the United Arab Emirates.
According to the largest listed developer in Abu Dhabi, 42% of purchasers were under 45, and 67% of them were Aldar’s first-time clients.
Fahid Island’s status as the first coastal health destination in Abu Dhabi, its waterfront lifestyle, and its close proximity to King’s College School Wimbledon—which is part of the larger wellness-inspired masterplan—are important factors driving demand.
“The sales serve as a powerful validation of our vision to place wellness at the heart of community living,” Jonathan Emery, chief executive at Aldar Development, said.
“The success reflects Abu Dhabi’s position as one of the world’s most desirable investment and lifestyle destinations.”
At the new complex, a one-bedroom apartment starts at Dh3.5 million. With a gross development value of Dh40 billion, the enormous project will be constructed in stages. By 2029, the seven-building Fahid Beach Residences, the first residential development, should be finished.
Fahid Island, which is being constructed between Yas Island and Saadiyat Island, is 2.7 million square meters in size and has an 11-kilometer shoreline. Thirty percent of the site will be designated as natural areas, and facilities such as bike paths and running tracks will be available.
According to a March research by real estate firm Cushman & Wakefield Core, residential property sale prices in Abu Dhabi increased by 11% yearly last year due to increased demand and a dearth of supply.
Aldar launches Fahid Island
In comparison to Dh18.8 billion from 5,773 transactions in the first quarter of 2024, the Abu Dhabi Real Estate Centre announced that the overall transaction value in the emirate increased by 34.5 percent to Dh25.3 billion across 6,896 agreements in the first quarter of 2025.
According to a May report by EFG Hermes, off-plan sales in the UAE capital in April increased 75% month over month to Dh804 million, primarily due to a surge in activity on Saadiyat Island and Al Jubail Island. With 70% of the activity in April, Aldar Properties held the greatest off-plan market share.
The news of a Disneyland Abu Dhabi theme park on Yas Island has further bolstered the real estate market.
Aldar expedited the introduction of The Beach House, Fahid Island’s second residential offering, in response to the “overwhelming demand” for Fahid Beach Residences.
Eleven buildings with studios and three-bedroom flats make up the new complex. In addition to shoreline access and proximity to Coral Drive, the island’s boutique shopping strip, it provides views of the sea and the skyline of Abu Dhabi.
Aldar announced on Friday that it has further residential launches scheduled for Fahid Island.
There will be a mix of dining, shopping, and artistic events along the island’s waterfront promenade. Coral Drive will have public artworks, cafes, art galleries, concept businesses, and a dance school. Residents of the island will also have access to volleyball, paddle boarding, kite surfing, and lit night swimming.