Aldar Properties sells all units of "Manara Living 3"

Aldar Properties, listed on the Abu Dhabi Securities Exchange, revealed the sale of all units of "Manara Living 3", the last phase of its residential complex "Manara Living" on Saadiyat Island in Abu Dhabi, at a value of 940 million dirhams (about 256 million dollars).

The company said in a statement on the market website that Emirati buyers accounted for 28 percent of total sales, while international buyers and residents of the country accounted for 72 percent, with nationalities from the UAE, Jordan, China and the United Kingdom topping the list of buyers.

Buyers under the age of 45 accounted for 65 percent, while buyers investing for the first time in Aldar projects accounted for 57 percent of sales, according to the company's statement.

It is noteworthy that the residential complex "Manara Living 3" includes 400 homes, and offers recreational facilities and a range of luxury options, including outdoor spaces and community facilities.

This great demand is due to the attractiveness of Saadiyat Island as one of the most attractive destinations in Abu Dhabi, which is widely popular locally and internationally.

It is worth noting that the Emirati company “Aldar Properties” closed a sustainability-linked financing deal through a multi-tranche, unsecured, syndicated revolving credit facility worth AED 9 billion, as the largest sustainability-linked syndicated financing deal for a real estate development company in the Middle East.