Abu Dhabi-based property development company, Aldar Properties has announced the successful sell-out of its latest project Yas Park Gate community on Yas Island, achieving $300 million (AED1.1 billion) in sales.
Almost 10 percent of sales came from non-resident buyers, demonstrating Abu Dhabi’s appeal to international customers. Expatriate residents of the UAE accounted for 5 percent, with Emirati customers purchasing the remaining 85 percent, Aldar said in a statement.
According to the company, “Aldar’s strategy to expand its customer base has seen resounding success, with 95 percent of buyers of Yas Park Gate properties purchasing their first Aldar home. Additionally, 49 percent of buyers were under the age of 40, and the number of female customers reached 35 percent.”
With customer demand continuing to grow at pace, Aldar has simultaneously launched the Yas Park Views community, comprising 341 standalone villas on the doorstep of Yas Park Gate. Yas Park Views’ offers buyers single-family villas, with three, four, and five-bedroom villas.
Commenting on the launch, Mr. Rashed Al Omaira, Chief Commercial Officer at Aldar Development, stated that “the strong response to Yas Park Gate from both resident buyers and local and international investors is a testament to the continued appetite to live and invest in Yas Island’s communities.”
“Yas Park Views offers customers a final opportunity to own a single-family home in one of the capital’s most desired locations. Each aspect of Yas Park Views has been carefully planned in response to our customers’ changing needs, so we expect to see significant demand for this exclusive community,” Mr. Al Omaira added.
As per the company, the construction of Yas Park Views is due to begin in the second quarter of 2023, with handovers expected to commence in the second quarter of 2026.