Haven by Aldar Completely Sold Out in Dubai

Aldar Properties, based in Abu Dhabi, has announced the complete sell-out of the first two phases of Haven in Dubai. This marks a significant achievement, with over three-fourths of the units being snapped up by foreign buyers and expatriate residents.

The initial phase witnessed the release of 318 units, followed by an additional 468 units in the subsequent stage. The development's 786 villas and townhouses generated impressive sales, totaling over Dh3.1 billion. Notably, this marks Aldar's inaugural residential venture in Dubai.

While UAE citizens constituted 23% of Haven's sales, the remaining 77% were attributed to overseas and expatriate resident buyers, underscoring Dubai's status as a global real estate investment and long-term residency hotspot. Among the buyers, male purchasers constituted 76%, leaving the remaining 24% to female buyers.

A revealing statistic indicates that 51% of all purchasers are under the age of 45, showcasing a distinct preference among the younger generation for well-being-centric communities. Impressively, 85% of Aldar property sales were made by first-time buyers, reflecting the expanding scope of Aldar's clientele.

Looking ahead, the final phase of Haven, encompassing villas, townhouses, and apartments, will be available for purchase in early 2024. This phase is part of a joint venture between Aldar and Dubai Holding, marking the inception of three new residential communities in Dubai under the Haven umbrella.

Rashed Al Omaira, Chief Commercial Officer at Aldar Development, commented on the achievement, stating, "Haven’s successful sell-out is a testament to Aldar’s track record in delivering high-quality developments, complemented by Dubai’s reputation as an ideal destination for long-term residence."