In a mere 48 hours, Aldar Properties successfully offloads $1.1 billion worth of residences at the Athlon development in Dubai, with expatriates and overseas buyers taking the lead in the purchasing spree.
Aldar Properties has announced it sold out homes at Athlon development in just two days. Aldar Properties sold out of the first two phases of its “Athlon” development within 48 hours of launch, generating AED4.1bn ($1.1bn) in sales. The community is Aldar’s second development in Dubai in partnership with Dubai Holding, a diversified global investment company with investments in 31 countries.
Aldar Properties in Dubai
Aldar completed the sale of more than 1,000 villas and townhouses at Athlon with expatriate residents and overseas buyers accounting for 81 per cent of sales, highlighting Dubai’s position as a global destination of choice for investment and relocation.
Buyers from India, China, and Jordan make up the top three nationalities by sales volume. Female buyers account for 21 per cent of sales with the remaining 79 per cent purchased by male buyers. 65 per cent of buyers are under the age of 45, indicating a strong demand for active, community-oriented lifestyles among younger individuals. First-time buyers of an Aldar property account for 82 per cent of sales, highlighting the increasing scale of Aldar’s customer base both locally and internationally. Jonathan Emery, Chief Executive Officer at Aldar Development, said: “The launch of Athlon has been a resounding success, generating Aldar’s highest ever sales figures at a development launch with two days of intense sales in the UAE and overseas. “Our customers, both locally and internationally, indicated their desire to invest and live in communities that are designed for active lifestyles and wellness, and we have delivered that in abundance at Athlon. “The sales performance gives us great confidence in launching further residential concepts in Dubai soon”.
