Third phase within golf & waterfront development to include two bedroom townhouses
Abu Dhabi, UAE - Aldar Properties PJSC ('Aldar'), Abu Dhabi's leading listed property development, investment and management company, today announced that public sales for the third phase of Yas Acres, Aldar's AED 6 billion flagship golf and waterfront villa development on Yas Island, will commence on 4th October at the Aldar Sales Centre on Yas Island.
This phase, consisting of 260 homes will include, for the first time, 2 bedroom townhouses alongside 3 bedroom townhouses and 3 and 4 bedroom duplexes. Prices for homes begin at AED2.3 million with sizes ranging from 200 sqm to 324 sqm. The homes released for sale are situated on the western side of Yas Acres, and enjoy close proximity to all of the amenities within the development. Aldar is offering attractive payment plans for purchasers, in particular its 30/70 plan, with 30% of the purchase price payable during construction (5% down payment), and 70% payable at handover.
Since launching at Cityscape in April this year, Yas Acres has proven that there is strong demand from buyers for high quality villas and townhouses in one of Abu Dhabi's most exciting and desirable locations - Yas Island. This positive response resulted in the second phase being launched in June and to date, 90% of the homes released to the market in Yas Acres have been purchased, with new customers making up the vast majority of buyers. Construction is targeted to commence before the end of this year, with the first handovers to be made during Q4 2019.
Commenting, H.E. Mohamed Khalifa Al Mubarak, Chief Executive Officer, Aldar Properties PJSC, said:
"The home owners and residents are central to the way in which Yas Acres has been planned, from the design of the villas and townhouses to the amenities and facilities. This has resulted in strong sales for the development, which we expect to continue with the launch of this third phase, bringing a new two bedroom townhouse offering to market. Our diverse buyer mix suggests that Yas Acres will become a unique and engaging community - and one of the most desirable addresses in Abu Dhabi."
Yas Acres puts community at its heart and is designed to provide an enriching and nurturing lifestyle with some of the region's most attractive landscapes, amenities and facilities. Two schools, a nine-hole golf course and member's country club, mosques, a yacht club and marina are supported by a diverse mix of retail, outdoor dining areas, swimming pools, leisure facilities, recreation and parks.
In complying with the Emirate's Real Estate Law, Yas Acres is registered with the Abu Dhabi Municipality and ESCROW accounts are being utilised for all purchases.
Yas Acres homes are available for purchase by all nationalities. Those who are interested in Yas Acres will have the opportunity to view models, 3D renderings, architectural drawings, a film and the project's entire master plan at the Aldar Sales Centre next to Yas Links golf course.
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About Aldar
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE's Capital City in addition to other key areas of the Emirate.
Aldar develops exciting and innovative projects, such as the internationally recognised HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island's F1 circuit.
Aldar's shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.
Aldar is driven by a vision to be the most trusted and recognised real estate lifestyle developer in Abu Dhabi and beyond.
For further information, please contact:
Media:
Nick Farmer/Obaid Al Yammahi
Aldar Properties
+971 2 810 5555
Layla Haroon
Bell Pottinger
+971 55 636 0425
Investors:
Chris Wilson
Aldar Properties
+971 2 810 5555
© Press Release 2016
