Aldar's Yas Island development 'Noya Viva' sells out in less than 48 hours

• Buyers represent 33 countries with 61% of units purchased by UAE nationals
• 26% of sales at Noya Viva completed by female buyers
• 42% of buyers are under 40 years of age
• 63% of customers are buying their first Aldar property

Abu Dhabi: Aldar Properties (‘Aldar’) has announced that Noya Viva, the second phase of its highly successful Noya development on Yas Island, sold out within 48 hours. This follows on from the four-hour sell-out of the first phase of Noya in Q4 2020, demonstrating the continued demand for high quality, well located homes in Abu Dhabi.

Expanding upon the first phase of the Noya development, Noya Viva brings a further 480 homes to Aldar’s latest community on Yas Island, with 63% of buyers purchasing their first Aldar property. Located in an investment zone, Noya Viva is open to customers of all nationalities; buyers at the development represent 33 countries with 61% of units purchased by UAE nationals. Similar to the first phase of Noya, 26% of buyers at the Noya Viva community are women, while 42% of all customers are under 40 years of age.

Commenting on the strong sales performance of Noya Viva, Rashed Al Omaira, Chief Commercial Officer at Aldar Development, said: “Abu Dhabi’s real estate market continues to go from strength to strength, as demonstrated by the significant appetite for Noya Viva. Central to this market-leading sales performance is Aldar’s commitment to addressing current market demand and launching customer-centric products. As one of Abu Dhabi’s most vibrant destinations, Yas Island continues to attract a diverse pool of buyers looking for quality properties, with world-class entertainment and lifestyle on their doorstep, and swift access to the city of Abu Dhabi.”

Prices at Noya Viva started from AED 1.65 million, with each unit coming with its own dedicated outdoor space, responding positively to the increased time people are spending at home. The efficient design of the properties will also give residents more space, while generous community gardens and a variety of recreational facilities will ensure the perfect environment to live, work and play.

The focal point within the Noya development masterplan is ‘The Village’, a community hub set to include shops and cafés, sports, fitness, and health and wellbeing facilities, a mosque and a library. It will also be home to a leading British curriculum school, operated by Aldar Academies, that will cater to the island’s growing population.

Construction of Noya Viva is due to begin in Q4 2021, with handovers expected to commence in Q1 2024. Noya Viva is the latest addition to Aldar’s residential portfolio on Yas Island, which includes Noya, Yas Acres, Water’s Edge, Lea, Ansam and Mayan.

Yas Island is a leading leisure and entertainment destination home to the Yas Links Golf Course, Yas Mall, Ferrari World, CLYMB, Du Arena, Yas Beach, Yas Waterworld and Warner Bros World. The one-of-a-kind tourist destination and vibrant residential hub also comprises of numerous luxury villas, apartments, and hotels.

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For further information, please contact:
Media
Obaid Al Yammahi
Aldar Properties
+971 2 810 5555

Joudi Issa
Brunswick
+971 2 234 4600
ALDAR@brunswickgroup.com

About Aldar

Aldar Properties PJSC is the leading real estate developer and manager in the UAE with a diversified and sustainable operating model centered around two core businesses: Aldar Development and Aldar Investment.

Aldar Development is a master developer of integrated, liveable, and thriving communities across Abu Dhabi’s most desirable destinations, including Yas Island, Saadiyat Island, Al Raha, and Reem Island. It is responsible for developing Aldar’s c. 65 million sqm land bank and includes three businesses: Aldar Projects, which manages Aldar's fee-based development management business, including AED 45 billion of government housing and infrastructure projects; Aldar Ventures, which incubates and nurtures new business opportunities and innovation areas; and Aldar Egypt, the platform focused on developing mixed-use communities in Egypt.

Aldar Investment houses Aldar’s core asset management business comprising an AED 16 billion portfolio of investment grade and income-generating real estate assets diversified across retail, residential and commercial segments. It also manages three core platforms: Aldar Education, Aldar Estates and Aldar Hospitality and Leisure. Aldar Education includes Aldar’s entire educational portfolio, including Aldar Academies, the leading education group in Abu Dhabi, with 20 schools, over 24,000 students and a growing network of 3,000 educators from over 100 nationalities, offering a wide range of curriculum and ancillary services such as a Teacher Training Academy.

Aldar Estates consolidates Aldar’s Retail Operations alongside existing Residential and Commercial real estate operations within Provis and will further include Community Management under one integrated property management platform. Aldar Hospitality and Leisure looks after Aldar’s portfolio of hotel and leisure assets, which are anchored around Yas Island and Saadiyat. It includes Aldar’s portfolio of 10 hotels, comprising over 2,900 hotel keys and managing operations across golf courses, beach clubs and marinas.

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 is driven by a vision to be a leading real estate developer and manager in the region by playing a key role in the development of quality, comfortable, desirable destinations that people can live in, work at and visit.

For more information on Aldar please visit www.aldar.com 

© Press Release 2021