Aldar unveils Baccarat Residences on Saadiyat Island

Aldar, the Abu Dhabi property developer, has launched its final residential project on Saadiyat Island.

Baccarat Residences Saadiyat, in collaboration with the French crystal manufacturer, will complete the development in Saadiyat Grove, Aldar’s luxury masterplan. 

The company says Baccarat Residences will include 60,000 square metres of shopping and dining and 77 homes ranging from two-bedroom residencies to “signature” penthouses.

StudioPCH, a Los Angeles-based design studio, has designed the interiors of the homes, a statement said.

No financial details were disclosed.  

Baccarat Hotels & Residences was launched in 2015 in New York. The brand currently has projects under development in Dubai, Riyadh, the Maldives, Miami, Rome and Florence.

Branded residences in Abu Dhabi have grown sharply in recent years. The sector accounted for around 1 percent of real estate transactions in 2019, rising to 2 percent in 2025. This is forecast to rise to 18 percent in 2029, according to a report by real estate consultancy CBRE in December.

A total of 2,700 branded units across 20 projects are due to be delivered in the emirate by 2030

Further reading:

• Aldar reveals luxury housing project on Saadiyat
• Aldar to build $6bn of residences on latest land purchase
• Aldar revenue jumps 50% as overseas buyers fuel UAE sales

This week Aldar said revenues rose by nearly half last year, with sales to foreigners accounting for three-quarters of the total in the UAE. It awarded AED66 billion ($18 billion) in development contracts in the UAE last year.

Aldar and Dubai Holding, an investment conglomerate owned by Sheikh Mohammed bin Rashid Al Maktoum, this month expanded their real estate development joint venture to develop 14,000 homes in Dubai.

The developer also expanded its land bank in Abu Dhabi by over 2 million square metres and aims to deliver 3,000 residential units with a combined gross development value of almost AED23 billion.

Aldar was listed on the Abu Dhabi Securities Exchange in 2005. Its share price rose 5.2 percent to AED10.86 on Monday and is up around 25 percent so far this year.

Abu Dhabi conglomerate International Holding Company owns 33.61 percent of Aldar, according to its 2024 annual report.