First phase of Dar Al Dhabi sold in an hour - Emirates24|7

First phase of Dar Al Dhabi sold in an hour

Dar Al Dhabi Real Estate said the first phase of Dar Al Dhabi Project on Reem Island at Cityscape Abu Dhabi was sold out on the first day of its launch.

The entire first phase units of the project were sold for Dh1.55 billion in the first hour of the launch on Tuesday.

"The excellent response we received from local, regional and international investors is a true testament of the superior investment potential of Dar Al Dhabi Project. On a larger scale, this proves that Abu Dhabi is fast becoming a focal point of property development.

Dar Al Dhabi Project occupies five plots on Al Reem Island and is situated on the marina in Najmat Abu Dhabi development, 300 metres off the coast of Abu Dhabi.

The project covers a gross construction area of five million square feet with a total cost estimated at Dh6bn.