PHOTO
- Sale comes after two similar Water’s Edge buildings see 85% of their units sold since Summer 2020 launches
Abu Dhabi, UAE: Aldar Properties (‘Aldar’) has launched unit sales at an additional building within its Water’s Edge development on Yas Island following strong demand from previous two building launches in July and August 2020.
Located on the east side of the iconic Yas Island, the 13 mid-rise residential buildings that make up Water’s Edge are almost two-thirds complete. Sales of the third Water’s Edge building will be launched on 17TH September 2020 following solid demand from the previous two building launches this Summer, with over 85% of their units being sold. The development, is scheduled for completion in June 2021, will offer properties ranging from modern studios to spacious three-bedroom apartments.
In August, the first building at Water’s Edge witnessed robust demand for the 1-, 2- and 3-bedroom properties, with 75% of the units selling within three weeks of the late-July launch. Similarly, Aldar continues to witness solid interest in the existing inventory across its development portfolio.
Rashed Al Omaira, Executive Director – Commercial at Aldar Properties, said: “Abu Dhabi’s real estate market is maintaining its position of strength, and our latest successes at Water’s Edge are a perfect example of this. The development combines the luxury of living on Yas Island with a more affordable price-point, resulting in a fantastic offering for our customers, which is being recognised by the market. We look forward to providing further updates on the success of Water’s Edge over the coming period.”
Customers that purchase an apartment at Water’s Edge can currently benefit from a 4% rebate on the purchase price, three years of service charges and maintenance fees for free, and a 10/90 payment plan option.
With its own canal and 800m promenade at the heart of Yas Island, Water’s Edge offers properties starting at AED 549,000, with beautiful views over the canal and unparalleled leisure and entertainment at their doorstep.
-Ends-
For further information, please contact:
Obaid Alyammahi
Aldar Properties
+971 2 810 5555
Sarah Abdelbary
Brunswick
+971 2 234 4600
ALDAR@brunswickgroup.com
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.
For more information on Aldar please visit www.aldar.com
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
