"The house": sales "Yas Park Place" On Yas Island, it exceeds 800 million dirhams

Abu Dhabi, April 23 / WAM / The “Yas Park Place” project recorded a remarkable achievement in the real estate market in Abu Dhabi, after Aldar Properties announced today the sale of 80% of the units offered within the new residential project, which includes medium-rise buildings in the heart of Yas Island, achieving sales exceeding 800 million dirhams.

This sales performance was supported by a series of promotional events organized by Aldar in Abu Dhabi, Dubai, London, Hong Kong and Shanghai, which contributed to attracting a wide segment of investors.

Residents and international buyers accounted for 54% of total sales, driven by significant interest from investors from Jordan, China, Taiwan and the United Kingdom, while UAE nationals accounted for 46%, reflecting the strong confidence in the Aldar brand among local investors.

The data also showed the expansion of the customer base, as new buyers at the house constituted 83% of the total customers, a clear indication of the growing attractiveness of the project.

The youth segment played a pivotal role in this demand, as 66% of buyers are under 45 years of age, which confirms the continued attractiveness of Yas Island to a diverse segment of investors and residents.

Jonathan Emery, CEO of Aldar Development Company, confirmed that the strong demand for the “Yas Park Place” project reflects the sustainability of demand from local and international investors alike, and reflects the growing position of the Emirate of Abu Dhabi as a leading long-term investment destination, supported by solid economic foundations, pointing out that the project’s sales performance highlights the depth and diversity of the customer base within the country, in parallel with the continued expansion of the group’s global sales platform.

Aldar has proposed four buildings within the first phase of the project, with two additional buildings to be launched in the second phase, benefiting from the great momentum the project has witnessed since its launch.

The complex is distinguished by its view of Yas Central Park, and consists of six medium-rise buildings that include a variety of residential units, within an integrated residential environment surrounded by green spaces and designed to facilitate movement on foot.

This success strengthens Yas Island’s position as one of the most prominent residential and investment destinations in Abu Dhabi, in light of the world-class integrated system it provides that includes entertainment, retail, hospitality and education facilities. At the same time, it also reflects the strength of the real estate market in the emirate and the continued demand for residential complexes that combine quality lifestyle and sustainable investment value.

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