Aldar launches sales for Meera Shams Abu Dhabi

Meera features two 26-storey towers overlooking a landscaped park, with 408 one, two or three-bedroom apartments.

Meera at Shams Abu Dhabi will offer over 400 family homes
Meera at Shams Abu Dhabi will offer over 400 family homes

Abu Dhabi's Aldar Properties will launch sales for its Meera residential development in Shams Abu Dhabi on Reem Island at a two-day sales event at the Crowne Plaza Abu Dhabi, Yas Island, on June 13-14.

Meera features two 26-storey towers overlooking a landscaped park, with 408 one-, two-, three-bedroom apartments. Prices start from $245,027 (AED900,000) for one-bedroom, $326,703 (AED1.2m) for two-bedroom and $435,605 (AED1,600,000) for three-bedroom apartments. 

Mohammad Al Mubarak, chief executive officer at Aldar said: “Meera offers buyers the chance to own a home in one of Abu Dhabi’s most desired destinations, Shams Abu Dhabi. Due to the strong demand for mid-market residential properties in prime locations in the capital, we are expecting high interest in the development from owner-occupiers and investors that are seeking homes and strong return on investment.”

The development benefits from a central location, walking distance from the planned Shams Park, the Shams Marina and the East Shams public beach amenities, and in close proximity to the Gate towers, and Sun and Sky towers.

An MPM Properties market report on the Abu Dhabi Real Estate Market in H1 2015 highlighted a high demand for studio, one- and two-bedroom apartments, with smaller residential units providing investors with the highest yields. Buyers and tenants demonstrated significant interest in Al Reem Island due to its location, affordability and net rental yield.

In 2016, the area is expected to supply 6.4% of Abu Dhabi’s housing supply.

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