The Alreeman project is a 2.8million square-metre development in the Al Shamka area of Abu Dhabi featuring a range of residential and commercial plots that start at AED 690,000 or around £140,000.
The scheme, which is in a development zone and so open to foreign investment, was launched in mid-January and has already achieved sales of Dh1.6bn or around £330m according to a statement to the Abu Dhabi Stock Exchange.
The site, which is five minutes’ drive from Abu Dhabi’s main airport and around 30km from downtown, was previously earmarked as a centre for the motor trade before Broadway Malyan were commissioned to review the site for potential new uses.