Saadiyat Grove

About Saadiyat Grove

The new multifunctional complex of Saadiyat Grove is one of the largest scale projects in Abu Dhabi so far, by the master developer Aldar Properties. The construction of the AED 8B (USD 2B) development began in November 2019 and will offer 3,706 residential units in total, 170 of which are branded residences. Saadiyat Grove is set to become a mixed-use community in the heart of the beautiful Cultural District on Saadiyat Island.

Previously, the developer announced that Saadiyat Grove will be delivered in phases. As a result, the first phase will be handed over in 2025 with the planned construction of 606 residential units and 200 retail spaces. Moreover, the first phase plans to include numerous amenities, such as:

• Gyms
• Pools
• Children’s playgrounds
• Landscaped gardens
• Running track through the entire community
  

Foundations were completed by Dutch Foundations in 2020 and according to AECOM Middle East, each residence will feature floor-to-ceiling panoramic glazing. The main features of the upcoming grand development of Saadiyat Grove are as follows:

• Total area of 6.4 million sq.ft.
• 3 and 4-star hotels
• Nearly 140 thousand sq.ft. of office and retail space

The new residential complex will be located in the Saadiyat Cultural District, ensuring an easy commute for all its residents. The close proximity to Abu Dhabi city center and Abu Dhabi International Airport means they can both be reached within a maximum of 20 minutes’, while Dubai is about an hour away. Other destinations that are situated within 20 minutes’ include:

• Yas Island
• Al Maryah Island
• Al Reem Island
• Mainland of Abu Dhabi
• Corniche Road

The Saadiyat Cultural District is home to some of the most famous UAE attractions, excellent academic institutions and luxury hotels:

• The famous Louvre Abu Dhabi museum, which opened in 2017.
• Manarat Al Saadiyat Center for Creativity, Culture and Events, operating since 2009.
• NYU Abu Dhabi - Humanities and Science College with its own campus.
• Cranleigh School, a prestigious British international school for children from 3 to 18 years old.
• 5-star beach resorts: Rixos Premium Saadiyat Island, Saadiyat Rotana Resort and Villas, St Regis Saadiyat Island, Park Hyatt Abu Dhabi Hotel and Villas and Jumeirah Saadiyat Island.
  

There are many beaches on Saadiyat Island, both public and luxury private spaces, such as the Monte-Carlo Beach Club. Meanwhile, the entrance fee to Saadiyat Public Beach which is 10 minutes’ away, is AED 25 (USD 7) per adult. This beach offers a full range of various water sport activities. For instance, a one-on-one paddle board lesson costs AED 350 (USD 95). Furthermore, Saadiyat Beach Golf Club is also adjacent to Saadiyat Grove, and during weekend entrance fee amounts to AED 450 (USD 125) and AED 350 (USD 95) during weekdays. Alongside cafés and coffee shops, there are also numerous fine eateries located in the vicinity of the highly-anticipated development, including The Drawing Room, Buddha Bar, Sontaya and Turtle Bay Bar & Grill, just to name a few.

Saadiyat Island is a unique place for living at – museums, art galleries, educational establishments, resorts and beaches together with a golf-club and fantastic grand theme parks are concentrated in one spot. It is divided into 7 districts: Cultural District, Saadiyat Beach, Saadiyat Marina, Saadiyat Retreat, Saadiyat Reserve, Saadiyat Promenade and Saadiyat Lagoons.

The Island connected to Jubail Island via Zheikh Khalifa Bin Zayed Nahyan Highway. From the opposite side Sheikh Khalifa Bridge containing 10 lanes goes from the center of Abu Dhabi to Saadiyat.

It takes only 10 minutes to the center of Abu Dhabi and about 20 minutes to the International Abu Dhabi Airport.

Economic Appeal

Currently, the project is under development. Taking into account the ever-increasing interest in the properties, the payment provides for a flexible approach and individual options are available for each investor, when enquiring.

Average annual rental prices in the Saadiyat Island area are as follows:

1-bedroom apartment – AED 87,000 (USD 24,000)

In H1 2021, Saadiyat Island was one of the top choices among investors interested in apartments and villas in the luxury category, as reported by Bayut & Dubizzle. Thus, the ROI of apartments in this area is as high as 6.15%, while villas generate a lower profit with a rental yield of 4.96%.