A statement released by TDIC on Wednesday said that phase one of Mamsha Al Saadiyat (Arabic for Saadiyat Walk) was sold in a special two-day event that took place on September 27 and 29. Prices for sales of a one-bedroom apartment start at AED2.5 million, and are open for purchase to residents and citizens.
Jeremy Oates, general manager of Asteco Property Management in Abu Dhabi, told Gulf News he projected further demand of the units.
“[Saadiyat] will always be seen as a prime location. Similar developments such as Saadiyat St. Regis reached close to this [AED2,000 per square foot] and we saw a strong demand for this product."
Comprising five clusters, each approximately 250 metres long, the development will feature nine low-rise residential buildings with a total of 461 units including apartments and town houses. Unit sizes will range from one- to four-bedrooms to lofts and penthouses, with a gross floor area from 106 to 454 square metres for the one to four bedroom apartments.