Object 1 has acquired four plots on Al Reem Island in Abu Dhabi, representing a development area of more than 2 million square feet with a total sales value of AED 4.5 billion.
The transaction follows the company’s entry into Abu Dhabi in late 2025, which included opening its first Sales Gallery in the capital.
The acquisition aligns with the government’s National Family Growth Agenda 2031. With 2026 designated as the Year of Family, the investment focuses on land positions for residential communities that support families at different life stages.
Object 1 secures four Al Reem Island plots for 2 million square feet development
“Our entry into Abu Dhabi was always intended as a long-term commitment, not a one-off expansion. Closing this investment on Al Reem Island reflects our confidence in the capital’s direction and our readiness to contribute meaningfully to its residential landscape. Abu Dhabi offers the right balance of stability, planning clarity, and community demand, which aligns closely with how we build,” Egor Maslennikov, Chairman and Founder of Object 1 said in a statement.
Abu Dhabi’s real estate market has entered a phase of growth, supported by buyer confidence and shifts in market development. Sales activity climbed over the past year, with transactions increasing by 76 per cent and total deal values more than doubling to AED25.3 billion.
Object 1 Chairman confirms long-term Abu Dhabi commitment with land purchase
Object 1 has delivered more than 2,600 homes and established a development pipeline exceeding 4.5 million square feet in Dubai. The company has won awards and has experienced growth in recent years.
The capital now forms a part of Object 1’s UAE strategy. The Al Reem Island commitment positions the developer in Abu Dhabi’s development phase, translating its Dubai momentum into operations in the capital.
The plots are located within the Shams Gate District on Al Reem Island.
