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Land plots from AED 990,000 on the northern shores of Yas Island
Aldar Properties PJSC (‘Aldar’) announces the launch of its latest waterfront
development, Lea – located on the northern shores of Yas Island. Offering land
plots starting at AED 990,000 and sizes ranging from 405 sqm - 1,800 sqm, and
available for purchase by all nationalities, sales will commence at Cityscape
Abu Dhabi, running from 16th – 18th April.
Featuring 238 residential plots in a prime location adjacent to Aldar’s flagship Yas Acres project, Lea boasts parks, promenades, and waterside walkways. In addition to this, residents benefit from all of the amenities within Yas Acres – parks, swimming pools, play areas, bbq and picnic areas, schools, mosques and the Yas Acres full length nine hole golf course.
“It is a big win for consumers who are now, more than ever, spoilt for choice,” said Mesab’s Tariq Allan. “Property prices are now below construction costs so, regardless of what happens in 2019, buying in this market represents fabulous intrinsic value.”
The launch of Aldar’s latest land plot development follows on from the hugely successful Alreeman which launched in January and sold out, generating sales of AED1.6 billion – highlighting significant demand for well-priced land upon which to build a bespoke home.
Commenting, Talal Al Dhiyebi, Chief Executive Officer, Aldar Properties, said: “Lea represents a fantastic opportunity for any purchaser to buy land and build
their dream home on Yas Island. We know that there is pent up demand for this type of product, and the runaway success of Alreeman – generating AED1.6 billion in sales – supports that. Combining the opportunity to acquire land with all of the attractions and amenities of Yas Island is a hugely compelling proposition that no-one else can offer. We look forward to launching sales for Lea at Cityscape when the spotlight can really shine on what makes Abu Dhabi such an attractive place for investment.”
Yas Island is a core pillar of Aldar’s destination development strategy and features the completed residential communities Ansam and West Yas as well as the under-construction Mayan, Yas Acres and Water’s Edge. Yas Island is the setting for the Abu Dhabi Formula 1 championship, and other attractions such as Yas Mall, Ferrari World, Yas Waterworld and Warner Bros World, multiple hotels and the world renowned Yas Links golf course. In addition to this Yas Island is the site for the Abu Dhabi Media Zone’s new twofour54 campus which will bring a working population of 10,000 people to the island.
Customers looking to purchase land in Lea can do so by visiting Aldar’s stand at Cityscape Abu Dhabi and take advantage of an attractive 40/60 payment plan and a 5% down payment.
To register or for more information, visit www.cityscapeabudhabi.com
At Cityscape Abu Dhabi, held under the patronage of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Mesab is planning to launch a new residential property – the 35-storey Park View – Al Reem, featuring 128 two and three-bedroomed apartments and duplexes. The company is targeting buyers of all nationalities with Allan saying recent government incentives, including the 10-year residency visa and five-year retiree visa have revitalised the market.
For further information, please contact:
Nick Farmer / Obaid Al Yammahi
+971 2 810 5555
+971 55 636 0425
information on Aldar please visit www.aldar.com or follow us on:
About Aldar Properties
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.
“Government initiatives and regulations have led to greater opportunity for investors,” explained IMKAN’s Walid El Hindi. “These include 10-year residency visas, five-year retiree visas and the decision to allow 100 per cent foreign ownership of onshore companies. Market dynamics have shown us that investors looking towards Abu Dhabi have strong liquidity and retain interest in long-term investments. This complements IMKAN's long-term outlook, as our projects span 10-15 years, meaning we have a positive perspective for the future of Abu Dhabi's real estate market. Another boost for the market is the careful planning the government has in place to turn the city into a cultural hub.
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 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.
About Cityscape Abu Dhabi:
Cityscape Abu Dhabi is the leading property investment and development event in the nation’s capital bringing together key industry decision makers, local, regional and international investors, homebuyers, developers, government and investment authorities, architects, designers, consultants, and senior industry professionals. The event is renowned for being the barometer of the capital’s property sector, responsible for fostering partnerships and creating opportunities that drive development and investment across the country through its exhibition, conference and other content features that take place during the three-day event.
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