Aldar Properties, in collaboration with Dubai Holding, is set to redefine luxury living in Dubai with the launch of its latest residential development, the Athlon project. Positioned as a hub for active lifestyles, Athlon aims to cater to the growing demand for unparalleled residential experiences in the vibrant city.
Unveiling Athlon: A Paradigm Shift in Dubai’s Real Estate Landscape
With 1,492 units comprising three to six-bedroom villas and townhouses starting at Dh2.8 million ($762,300), Athlon represents Aldar’s continued commitment to innovation and excellence in property development. Situated near the Global Village entertainment center and strategically located within half an hour from Dubai International and Al Maktoum International airports, Athlon offers convenience alongside luxury.
Jonathan Emery, Aldar Development CEO, expressed confidence in Athlon’s potential to captivate a diverse range of investors and homeowners. He emphasized the project’s groundbreaking concept, which builds upon the success of Aldar’s previous venture in Dubai, Haven by Aldar.
Driving Growth in Dubai’s Real Estate Sector
Dubai’s property market continues to thrive, fueled by government initiatives and economic expansion. According to consultancy ValuStrat, the first quarter of 2024 witnessed significant growth in both residential and commercial sectors, with apartment values rising by 20.1% annually and villas maintaining resilience with a 29.6% annual increase.
Looking ahead, ValuStrat predicts a new phase in Dubai’s real estate cycle for 2024, with a resurgence in the apartment market and tempered growth for villas. The emirate remains an attractive destination for investors and businesses, solidifying its position as a premier real estate hub in the region.
Athlon: Redefining Luxury Living
Athlon sets itself apart with its focus on promoting active lifestyles. The project boasts green spaces, parks, and dedicated zones for sports and fitness activities. With over 10km of tracks and trails, including a cycling loop connected to the Al Qudra cycling track, residents can immerse themselves in a holistic wellness experience.
Moreover, Aldar is committed to sustainability, with Athlon being developed using locally sourced and low-carbon materials. This aligns with Aldar’s sustainability and net-zero program, reflecting the company’s dedication to responsible construction practices.
Aldar’s Growth Trajectory
Celebrating its 20th anniversary, Aldar reported a remarkable 81% annual increase in its first-quarter net profit, driven by robust sales amidst the UAE’s economic momentum. The company’s strategic acquisitions, including UK developer London Square, underscore its commitment to expanding its global footprint.
Looking ahead, Aldar aims to further bolster its sales and sustainability ambitions. Plans to explore the issuance of benchmark green sukuk demonstrate the company’s commitment to growth and environmental responsibility.
In conclusion, Athlon represents more than just a residential development; it symbolizes Aldar’s vision for a dynamic and sustainable future in Dubai’s real estate landscape. With its focus on promoting active lifestyles and embracing sustainability, Athlon is poised to set new benchmarks for luxury living in the heart of the city.
