Latest news with #MohamedAlMubarak
Al Etihad
02-06-2025
- Business
- Al Etihad
Aldar launches Dh40bn Fahid Island project, bringing wellness-focused living to Abu Dhabi
2 June 2025 16:37 ISIDORA CIRIC (ABU DHABI)Abu Dhabi's property market is set for another major addition with Aldar's launch of Fahid Island, a Dh40 billion coastal destination positioned between Yas Island and Saadiyat. The 2.7 million square metre development is being pitched as a wellness-first community where no home is more than five minutes from the sea, and no more than 250 metres from green island will offer more than 6,000 homes, from apartments and townhouses to high-end waterfront villas with 4- to 6-bedroom one, Fahid Beach Residences, will feature seven low-rise buildings with 65 apartments each, and is scheduled for completion by 2029. It also includes community amenities and a top-tier international school, with more details on the education partner to be announced soon, Aldar said on rest of the project will be delivered in phases over the following three acquired the land in early 2023 for Dh2.5 billion, initially estimating a development value of Dh26 billion. That figure has since climbed to over Dh40 billion, as plans for the site expanded to include extensive natural landscapes, international school facilities, and a new residential benchmark for the the start, Aldar has framed Fahid Island as a 'complete ecosystem'. With 4.6km of beachfront on one side and mangroves on the other, all homes will be no more than a five-minute walk from the sea and within 250 metres of open green space. The layout includes 15km of shaded pedestrian walkways and multiple bridges connecting both sides of the island, designed to limit car use and promote walkability. A 10km landscaped Berm Park will act as a green wellness corridor, complete with cycling routes and running trails.'Abu Dhabi is a thriving, global destination where heritage and innovation combine to create a world-class environment to live, work, and explore. Sustainable and inclusive development has been a critical part of this success, which is why Aldar remains focused on delivering communities that reflect the values and ambitions of the UAE,' said Mohamed Al Mubarak, Chairman of and liveability are central to the design. Around 30% of the island's space will be dedicated to natural landscapes, and Aldar is actively working with the Environment Agency - Abu Dhabi to protect marine life along the island's mangrove edges.'Our plans for Fahid Island support a thriving real estate market in Abu Dhabi, where we are seeing incredible demand from buyers within the local market as well as overseas investors,' said Talal Al Dhiyebi, Group Chief Executive Officer of Island's location, wedged between two of Abu Dhabi's highest-profile developments, positions it at the crossroads of culture, tourism, and investment. A recent MPM Properties report showed strong interest in prime waterfront communities, with prices in areas like Saadiyat jumping by up to 15% in 2024.'Fahid Island is one of the largest mixed-use residential masterplans launched in Abu Dhabi and will ensure the emirate consolidates its position as one of the world's most desirable destinations to reside, invest, and visit,' Al Dhiyebi added. Its unveiling comes shortly after plans for a Disney theme park on Yas Island were announced, adding momentum to rising demand in the capital's real estate market.
Arabian Business
02-06-2025
- Business
- Arabian Business
Abu Dhabi real estate: Aldar announces $10.9bn Fahid Island development with plan for 6,000 homes
Aldar has launched a massive new Abu Dhabi island real estate development project as it plans 6,000 new residences in the city. Aldar unveiled the masterplan for Fahid Island in Abu Dhabi, which has an 11km coastline and a gross development value of more than AED40bn ($10.9bn). The development will have 4.6km of pristine beachfront on one side of the island and mangrove forests on the other. Fahid Island in Abu Dhabi Every part of the 2.7 million sq m island is no more than a five-minute walk to the water's edge, creating a vibrant island culture complete with refined coastal residences, curated leisure, and 5-star hospitality. Aldar has also partnered with a leading international institution to introduce an elevated education experience to Fahid Island in line with Abu Dhabi's vision to become a regional hub for excellence in education. The school will become an integral part of the community, providing a key differentiator for family life on the island. Fahid Island stretches between Yas Island and Saadiyat Island in Abu Dhabi. Mohamed Al Mubarak, Chairman of Aldar said: 'Abu Dhabi is a thriving, global destination where heritage and innovation combine to create a world-class environment to live, work, and explore. Sustainable and inclusive development has been a critical part of this success, which is why Aldar remains focused on delivering communities that reflect the values and ambitions of the UAE. ' Fahid Island is the latest chapter in that journey—building on the success of Saadiyat and Yas Islands to offer a new benchmark in premium waterfront living, wellness, and sustainable design.' Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said: 'Our plans for Fahid Island support a thriving real estate market in Abu Dhabi, where we are seeing incredible demand from buyers within the local market as well as overseas investors. 'With a gross development value of over AED40bn, Fahid Island is one of the largest mixed use residential masterplans launched in Abu Dhabi and will ensure the emirate consolidates its position as one of the world's most desirable destinations to reside, invest, and visit.' Aldar said thirty per cent of space on Fahid Island will be dedicated to natural spaces – from lush vegetation and restorative gardens to invigorating green trails. A 10km landscaped Berm Park will form the island's wellness and fitness corridor with running tracks and three cycling routes that seamlessly connect to Abu Dhabi's cycle loop. Water stations, shaded rest areas, and fitness nodes are strategically placed throughout to cater to athletes of all levels. Life on the water defines Fahid Island, with kite surfing, paddle boarding, illuminated night swimming, and volleyball all available to residents. The island's 2km waterfront promenade will serve as the island's social hub, with a mix of retail, dining, and art experiences. Coral Drive, the island's boutique retail boulevard will offer a unique selection of trendy outlets, concept stores, art galleries, ballet school and cafés as well as eclectic street furniture, and public artworks. Fahid Island is the world's first Fitwel certified island, highlighting the health-focused design of the destination. The island has also received LEED City and Communities Platinum precertification and is targeting an Estidama 3-Pearl rating. Aldar has unveiled Fahid Island, Abu Dhabi's first coastal wellness community and its latest landmark destination. — Aldar (@aldar) June 2, 2025 In addition, the masterplan has been thoughtfully designed to ensure and promote eco-friendly mobility and connectivity, with pedestrian bridges linking the two sides of the island, as well as a streetscape designed to prioritise foot traffic paired with a shading strategy using innovative design for outdoor thermal comfort. Aldar has engaged some of the world's most renowned architects to design the island's residential offering, including Japanese architects Kengo Kuma and Koichi Takada who have designed two separate residential concepts on the island. Further residential developments are being designed by London headquartered ACME and UAE based NAGA Architects. More than 6,000 luxury residences are planned for the island, ranging from apartments and townhouses to ultra-luxury villas.
Gulf Business
02-06-2025
- Health
- Gulf Business
Coastal wellness hub: Aldar unveils Dhs40bn mixed-use Fahid Island project
Images: Supplied Aldar has unveiled Located between Yas Island and Saadiyat Island, Fahid Island spans 2.7 million sqm and features 11km of coastline, including 4.6km of pristine beaches and lush mangrove forests. Designed as a wellness-oriented sanctuary, the island integrates residential, leisure, education, and hospitality components, with every location no more than five minutes' walk from the water. The project includes more than 6,000 residential units, ranging from apartments and townhouses to ultra-luxury villas. The first release, Fahid Beach Residences, will consist of seven beachfront buildings, each housing 65 residences. Image: Aldar Wellness is the cornerstone of Fahid Island Aldar said the development will feature a 10km landscaped Berm Park, with running tracks and three cycling routes connecting to Abu Dhabi's wider cycle loop. The island is also home to a 2km waterfront promenade, Coral Drive retail boulevard, and curated wellness, dining, and hospitality offerings. 'Fahid Island is the latest chapter in our journey — building on the success of Saadiyat and Yas Islands to offer a new benchmark in premium waterfront living, wellness, and sustainable design,' said Mohamed Al Mubarak, chairman of Aldar. Talal Al Dhiyebi, group CEO of Aldar, added that the project supports Abu Dhabi's thriving real estate market. 'With a gross development value of over Dhs40bn, Fahid Island is one of the largest mixed-use residential masterplans launched in Abu Dhabi and will ensure the emirate consolidates its position as one of the world's most desirable destinations to reside, invest, and visit.' Image: Aldar Natural green spaces, eco-friendly mobility solutions In line with Aldar's commitment to sustainability, 30 per cent of the island's area is dedicated to natural green spaces. Fahid Island has received Fitwel certification — making it the world's first certified wellness island — and holds LEED City and Communities Platinum precertification. It is also targeting an Estidama 3-Pearl rating. The island will also feature a leading international educational institution to support Abu Dhabi's ambitions of becoming a regional education hub. Masterplan design features include pedestrian bridges, walkable streetscapes, shaded rest areas, and eco-friendly mobility solutions. Prominent international architects, including Kengo Kuma, Koichi Takada, ACME, and NAGA Architects, have contributed to the island's residential concepts. Fahid Island adds to Aldar's expanding
Al Bawaba
02-06-2025
- Health
- Al Bawaba
Dar Unveils Fahid Island: Abu Dhabi's First Coastal Wellness Destination, With Over Aed 40 Billion in Development Value
Aldar today unveiled the masterplan for Abu Dhabi's next iconic island destination, Fahid Island, which has an 11km coastline and a gross development value of over AED 40 billion. With 4.6km of pristine beachfront on one side of the island and serene mangrove forests on the other, the island is a wellness sanctuary offering a seamless connection to the water. Every part of the 2.7 million sqm island is no more than a five-minute walk to the water's edge, creating a vibrant island culture complete with refined coastal residences, curated leisure, and 5-star hospitality. Aldar has also partnered with a leading international institution to introduce an elevated education experience to Fahid Island in line with Abu Dhabi's vision to become a regional hub for excellence in education. The school will become an integral part of the community, providing a key differentiator for family life on the island. Stretching between Abu Dhabi's most desirable lifestyle destination, Yas Island, and its cultural centre, Saadiyat Island, Fahid Island is where entertainment and culture meet wellness. A celebration of contrasts, the island offers a unique mix of city and sand, retail and relaxation, energy and serenity, and all with exceptional connectivity – Yas Island's thrilling theme parks, Saadiyat Island's Cultural District, and Zayed International Airport are all accessible in under 15 minutes. H.E. Mohamed Al Mubarak, Chairman of Aldar said: 'Abu Dhabi is a thriving, global destination where heritage and innovation combine to create a world-class environment to live, work, and explore. Sustainable and inclusive development has been a critical part of this success, which is why Aldar remains focused on delivering communities that reflect the values and ambitions of the UAE. Fahid Island is the latest chapter in that journey—building on the success of Saadiyat and Yas Islands to offer a new benchmark in premium waterfront living, wellness, and sustainable design." Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said: 'Our plans for Fahid Island support a thriving real estate market in Abu Dhabi, where we are seeing incredible demand from buyers within the local market as well as overseas investors. With a gross development value of over AED 40 billion, Fahid Island is one of the largest mixed use residential masterplans launched in Abu Dhabi and will ensure the emirate consolidates its position as one of the world's most desirable destinations to reside, invest, and visit.' Wellness is woven into the very fabric of life on Fahid Island, with thirty per cent of space dedicated to natural spaces – from lush vegetation and restorative gardens to invigorating green trails. A 10km landscaped Berm Park will not only create a natural visual and acoustic buffer but will also be the island's wellness and fitness corridor with running tracks and three cycling routes that seamlessly connect to Abu Dhabi's cycle loop. Water stations, shaded rest areas, and fitness nodes are strategically placed throughout to cater to athletes of all levels. Life on the water defines Fahid Island, with kite surfing, paddle boarding, illuminated night swimming, and volleyball all available to residents. The island's 2km waterfront promenade will serve as the island's social hub – with a vibrant mix of retail, dining, and art experiences – offering a community space to stroll, pause, relax and absorb the energy of the island. Coral Drive, the island's boutique retail boulevard will offer a unique selection of trendy outlets, concept stores, art galleries, ballet school and cafés as well as eclectic street furniture, and public artworks. Fahid Island is the world's first Fitwel certified island, highlighting the health-focused design of the destination. The island has also received LEED City and Communities Platinum precertification and is targeting an Estidama 3-Pearl rating. In addition, the masterplan has been thoughtfully designed to ensure and promote eco-friendly mobility and connectivity, with pedestrian bridges linking the two sides of the island, as well as a streetscape designed to prioritise foot traffic paired with a shading strategy using innovative design for outdoor thermal comfort. Aldar has engaged some of the world's most renowned architects to design the island's residential offering, including Japanese architects Kengo Kuma and Koichi Takada who have designed two separate residential concepts on the island. Further residential developments are being designed by London headquartered ACME and UAE based NAGA Architects. More than 6,000 luxury residences are planned for the island, ranging from apartments and townhouses to ultra-luxury villas. The first residential development to be introduced on Fahid Island - Fahid Beach Residences -sets a new standard for exclusive beachfront living in Abu Dhabi. This limited collection of seven buildings, each featuring 65 residences, reflects a carefully crafted approach to privacy and world-class design.
Khaleej Times
02-06-2025
- Business
- Khaleej Times
Abu Dhabi to have first wellness island, launches Dh40-billion project
Abu Dhabi's real estate landscape is set to expand with the launch of Fahid Island — a new Dh40 billion masterplanned destination by Aldar that promises to redefine coastal living with a focus on wellness, sustainability and community. The 2.7 million square metre island, unveiled on Monday, will feature more than 6,000 high-end homes, a 10km fitness corridor, 4.6km of beaches, and a dedicated waterfront promenade. It is being billed as Abu Dhabi's first coastal wellness island and has already received Fitwel certification, making it the first island in the world to meet the global healthy building standard. Located between Yas and Saadiyat islands, Fahid Island is designed to offer seamless access to Abu Dhabi's leisure, cultural and aviation hubs, including Zayed International Airport, all reachable in under 15 minutes. Aldar said the development includes residential offerings by renowned architects such as Japan's Kengo Kuma and Koichi Takada, along with London-based ACME and UAE-based NAGA Architects. The first homes to be released, the Fahid Beach Residences, will comprise seven mid-rise buildings, each with 65 apartments. Plans also include townhouses and ultra-luxury villas. "Fahid Island is the latest chapter in our journey to create world-class communities that reflect the values and ambitions of the UAE,' said Mohamed Al Mubarak, Chairman of Aldar. 'It builds on the success of Saadiyat and Yas Islands to offer a new benchmark in premium waterfront living, wellness, and sustainable design. With more than 30 per cent of the masterplan dedicated to natural spaces — including mangrove forests, gardens, and shaded trails, the island aims to integrate nature into daily life. The 10km Berm Park will serve as a landscaped wellness corridor with three cycling routes connected to Abu Dhabi's larger cycle loop. Aldar has also partnered with a leading international education provider to establish a school on the island, in line with the emirate's ambitions to position itself as a regional hub for educational excellence." The development's social heart will be a 2km promenade featuring retail, dining, art installations, and public spaces, while the Coral Drive retail boulevard will include boutique stores, cafes, a ballet school, and concept outlets. Aldar Group CEO Talal Al Dhiyebi said the launch comes at a time of "incredible demand from both local buyers and overseas investors,' adding that Fahid Island is one of the largest mixed-use residential masterplans to be launched in Abu Dhabi. Alongside Fitwel certification, the island has also received LEED City and Communities Platinum precertification and is targeting Estidama 3-Pearl accreditation, reinforcing its sustainability credentials.
