• 5 year service charge free & 2% Abu Dhabi municipality fee waiver
  • New flexible payment plans
  • International schools in community 

Abu Dhabi, UAE: Aldar Properties PJSC (‘Aldar’), introduces “The Cedars” a newly named community within its flagship golf and waterfront development, Yas Acres. The Cedars will put nature at its heart and is part of Aldar’s strategy to create distinct communities within the overall masterplan.

To coincide with this, Aldar is introducing a series of limited time offers to make owning a home within Yas Acres even more attractive. Not only will Aldar waive the five year service charge and 2% Abu Dhabi municipality fee, but it is also offering customers a new 20/80 payment plan, with 20% of the purchase price payable during construction and the remaining 80% upon handover.

In line with Aldar’s focus on delivering desirable destinations, the luxury lifestyle development features two school plots complete with sporting facilities, both of which have been acquired by a local investment firm. The schools will cater for students from 3 to 18 years and be easily accessible to all Yas Island residents from their central locations in the heart of the Yas Acres development.    

Located on the northern shores of Yas Island, Yas Acres will add, upon completion, 1,315 premium townhouses and villas to the island. Construction is underway on the three launched phases of Yas Acres, with handovers of these first 652 homes on track to commence during 2019. Limited numbers of 3BR-6BR homes are still available, with prices starting from AED 3 million.

Residents will further benefit from landscaped parks, running and cycling tracks, ‘shadeways’, indoor and outdoor gyms, community pool areas along with playgrounds, swimming pools, sports facilities and BBQ areas located in each villa cluster. A Golf and Country Club will provide further amenities including an events space and dining outlets with additional local retail offerings situated within the community. A waterfront apartment district with shops and food and beverage outlets is also planned for the future.

Yas Acres is a key component of Yas Island’s destination development strategy, and residents will benefit from being minutes away from the island’s world-class attractions and events. Yas Island is home to the Yas Marina Circuit, where the Abu Dhabi Formula 1 Grand Prix is held every year, in addition to Ferrari World Abu Dhabi, Yas Waterworld, Yas Mall, and Yas Links Golf & Country Club. In July, it also welcomed the Warner Bros. World Abu Dhabi theme park – listed as a top global attraction to visit by TIME magazine 2018.

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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 recognized 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 recognized real estate lifestyle developer in Abu Dhabi and beyond.

www.aldar.com

For further information, please contact:

Investors:

Chris Wilson

Aldar Properties

+971 2 810 5624

Media:

Nick Farmer / Obaid Al Yammahi

Aldar Properties

+971 2 810 5555

Amy Piek

Hanover

+971 55 459 3260

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

© Press Release 2018

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