Construction News
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Aldar's Yas Island freehold property sold out at Cityscape

17-04-2019

UAE-based Aldar Properties has announced that its newest free-hold property at Yas Island, LEA, has been completed sold out at the Cityscape Abu Dhabi expo, generating over Dh400 million ($109 million) in sales.

Offering land plots starting at Dh990,000 and sizes ranging from 405 sq m to 1,800 sq m, and available for purchase by all nationalities, Lea features 238 residential plots in a prime location adjacent to Aldar’s flagship Yas Acres project.

LEA boasts parks, promenades, and waterside walkways. In addition to this, residents benefit from all of the amenities within Yas Acres - parks, swimming pools, play areas, bbq and picnic areas, schools, mosques and the Yas Acres full length nine hole golf course.

This most recent sell out follows the successful launch of Alreeman, a land plot masterplan located close to Abu Dhabi Airport, which generated Dh1.6 billion in sales.

On the record sales, CEO Talal Al Dhiyebi said: "Selling over Dh400 million of real estate is a ringing endorsement of what we do best – understanding what our customers need and then creating the right product to fulfill their requirements."

"We are off to a flying start this year, and we are seeing really strong demand for land opportunities within well though out, master planned communities. Generating over AED 2 billion from our two most recent developments – Al Reeman and LEA, shows how market sentiment is moving in a positive direction," stated Al Dhiyebi.

Executive Director (Commercial) Maan Al Awlaqi said: "We are delighted with the response we received for Lea from both investors and homeowners of various nationalities. This is further evidence of the strong demand for land plots, following our launch of Alreeman."

"This is also our first development launch since we opened our inaugural experience centre in Dubai earlier this year, and we are seeing how this new demand channel from further afield is being reflected in transactions," he added.-TradeArabia News Service




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