Aldar sells out the first phase of its luxury project, making $1.4 billion
UAE’s Aldar Properties made $1.4 billion (AED 5 billion) in sales from the first phase of its luxury project, The Wilds, which is now sold out, the company said on Wednesday.
New Development
The first phase of The Wilds, a new housing project in Dubai, sold 734 villas with three to five bedrooms. These sales happened at events in Dubai and internationally.
The Wilds is designed to offer a mix of modern living and nature, with lots of green spaces and eco-friendly features. It is Aldar’s third project in Dubai in partnership with Dubai Holding.
Most buyers (92%) were expatriates or overseas investors, mainly from India, China, and the UK. More than half (52%) of the buyers were under 45, showing strong demand for family-friendly and wellness-focused homes.
Many buyers (85%) were purchasing an Aldar property for the first time, which shows the company is becoming more popular in Dubai’s competitive real estate market.
In total, The Wilds will have nearly 1,700 homes surrounded by green spaces that offer privacy and a natural environment, according to Aldar.
Aldar’s CEO, Talal Al Dhiyebi, said the project has generated AED 5 billion in sales, making it their most successful launch in terms of value. He also highlighted Dubai as a top location for investment and living. Al Dhiyebi is ranked 27th on Forbes Middle East’s Top CEOs 2024 list.
Aldar Properties is ranked 30th on Forbes Middle East’s Top 100 Listed Companies 2024.
What’s Next
Aldar plans to launch the next phase of The Wilds, which will include five- and six-bedroom mansions designed by well-known architect Nabil Gholam, as well as smaller one- to three-bedroom apartments.
Credit Facility
In January, Aldar secured a $2.45 billion (AED 9 billion) sustainability-linked loan to support its growth. This five-year loan is the largest sustainability-linked financing deal in the Middle East real estate sector.
The loan was backed by 15 financial institutions, including some new lenders joining Aldar’s credit panel.
Big Number
Aldar Properties made a net profit of $1.77 billion (AED 6.5 billion) in 2024. This is a 47.3% increase from the previous year, driven by strong property sales in the booming real estate market.
Published: 6th March 2025
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