First two towers of Aldar’s The Bridges sell out
With the first two towers of The Bridges selling out, Aldar Properties has announced that it will commence sales for the third tower on 6 May
The first two towers of Aldar Properties’ mid-market development, The Bridges, have sold out.
In a statement, the UAE-based developer said that it succeeded in selling out the homes in the property’s first two towers at Cityscape Abu Dhabi, an event that ran from 18 - 20 April, for a total value of $108.9m (AED400m).
According to Aldar, the units available for purchase at Cityscape, which totalled 424, ranged from studios to three-bedroom apartments.
The company added that as a result of the huge demand for The Bridges, it will commence sales for the third tower on 6 May.
Talal Al Dhiyebi, chief development officer of Aldar Properties, said: “We have been delighted by the response to The Bridges. Before [Cityscape] opened, we had buyers queuing up around three sides of our stand in order not to miss out on the opportunity.
“The results at Cityscape have validated our view that the mid-market segment is underserved, and that customers know and trust in Aldar’s ability to deliver the right product, in the right location, at the right time.”
He added: “The Bridges is providing us with a blueprint to launch more of this type of product in the near future, in our other prime destinations across Abu Dhabi.”
A 1,272-unit development with a projected value of $350m (AED1.3bn), The Bridges comprises two plots – each containing three towers – separated by the new 2.4km canal that runs through Reem Island.