Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, today announced that with over 70% of its 100 retail units occupied and operational, Al Falah is emerging as a major community destination, and one of the most sought after National Housing developments within the Emirate of Abu Dhabi.
Developed by Aldar Properties and located in close proximity to some of Abu Dhabi’s major infrastructure projects and lifestyle destinations and attractions, Al Falah is a housing initiative by the Abu Dhabi Government for the UAE Nationals made up of six villages containing a total of 5817 well-appointed villas. Designed to cater to the Emirati lifestyle with the highest sustainability standards, each village has its own school, market square and mosque, adhering to Aldar’s vision of creating fully-functioning communities.
Central to the community, Al Falah’s retail offering features household brands such as Spinney’s, Spar, Al Maya Supermarket, Choithrams; food and beverage outlets including Starbucks, Shakespeare Café, Pizzaro, Karam Beirut, Pizzaway and leading local beauty brands, Bedashing, Tips and Toes & Ibn Sina pharmacy.
Jassem Saleh Busaibe, Chief Asset Management Officer, Aldar Properties, said: “Al Falah is a thriving community offering quality living experience to its residents. In developing this community, we are delivering our vision to provide a holistic lifestyle with every home. We identified rapid growth in the popularity of housing positioned around community-retail and therefore we are working towards answering this demand.”
The master plan for Al Falah, as with all Aldar communities, places the community at its heart and retail is an integral component. Each village is arranged around a neighbourhood centre that contains a landscaped market square that includes a mix of local shops and amenities, all aligned to meet the needs of the residential community. To ensure convenience for residents, these facilities are strategically placed within a 10 minute walk from all villas.
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate.
Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit.
Aldar’s shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail – Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.
Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.