Object 1 acquires four waterfront plots on Al Reem Island

Object 1 has acquired four waterfront plots in the Shams Gate District of Al Reem Island, Abu Dhabi. The acquisition extends the company’s presence in the capital and establishes land positions for a programme of residential development.

The planned developments cover more than two million square feet, with a combined sales value of AED 4.5 billion. This figure refers to the sales value of the planned projects, rather than the purchase price of the land.

The transaction follows Object 1’s expansion into Abu Dhabi in late 2025, including the opening of its first sales gallery in the capital. The waterfront plots provide a basis for the next phase of that expansion.

Object 1’s approach centres on long-term residential communities and locations suited to family living. The acquisition is intended to support developments that combine homes with spaces for everyday community life.

Egor Maslennikov, Chairman and Founder of Object 1, described the investment as a long-term commitment to Abu Dhabi. He highlighted the capital’s planning environment and residential demand as factors aligned with the company’s development approach.

With the acquisition, Abu Dhabi becomes a larger part of Object 1’s UAE development strategy. The four-plot programme adds a waterfront component to the company’s expansion beyond its Dubai residential portfolio.