Aldar launches sustainable city to tap into eco-conscious investors

Aldar launches sustainable city to tap into eco-conscious investors

Listed developer Aldar Properties is set to develop a fully sustainable community in Abu Dhabi to cash in on the growing demand for eco-friendly living options.

The development, featuring hundreds of condominiums and townhouses, will be powered by clean renewable energy and equipped with biodomes, solar panels and battery-charged communal vehicles to promote energy efficiency and lower emissions, the property giant said in a statement to the Abu Dhabi Securities Exchange (ADX), where its shares are traded.

The Sustainable City – Yas Island will feature residential units in 10 clusters, with prices starting from AED892,000 ($242,854). The first phase of the project, which will deliver 272 condominiums and 240 townhouses, will be open to buyers during a public sale on January 19.

Eco-friendly living

The development has been launched in partnership with Diamond Developers.

It will be an eco-friendly and walkable community with open green spaces, walkways and community farming plots, as well as recycling facilities, which will help lower carbon emissions, and solar panels, which will cut residents’ energy consumption by half.

It will have a “central green spine” that will run the length of the community, featuring parks and lakes, as well as biodomes, where vegetables will be grown and distributed throughout the community.

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