Aldar Properties announces the sale of all units of the “Yas Park Gate” project and launches the unique standalone villa project “Yas Park Views”

The sales value of “Yas Park Gate” exceeded 1.1 billion dirhams

start 341 A villa within the “Yas Park Views” project will be available to buyers of all sizes nationalities of 23 November

Yas Park Views will be the last stand-alone villa complex on the northern side of Yas Island, one of the most attractive residential destinations in Abu Dhabi.

Abu Dhabi, UAE: Aldar Properties (“Aldar”) has announced the sale of all units in the “Yas Park Gate” project, its newest residential complex on Yas Island, with a sales value of AED 1.1 billion.

Non-resident buyers accounted for around 10% of total sales, reflecting Abu Dhabi’s attractiveness as a destination of choice for international customers. Residents within the country accounted for 5% of total sales, while Emirati customers accounted for the remaining 85%. Aldar’s strategy to expand its customer base continues to be a huge success, with 95% of first-time buyers investing in Aldar projects. On the other hand, the proportion of buyers under the age of 40 reached 49%, and women made up 35% of the total buyers.

In response to ongoing and accelerating customer demand, Aldar simultaneously launched the “Yas Park Views” complex adjacent to the project, which will include 341 stand-alone villas in close proximity to “Yas Park Gate”. Yas Park Views will be the last community on the northern side of Yas Island to offer family homes in a unique residential destination that will be available to buyers of all nationalities from 23 November.

The Yas Park Views project includes a group of competitively priced family villas, including three-bedroom villas priced from AED 2.84 million, four-bedroom villas priced from AED 3.43 million, and five-bedroom villas priced from AED AED 4.1 million dirhams. The project comes in response to the growing demand for detached villas within residential complexes equipped with all modern amenities on Yas Island. Homes within the new gated community feature larger outdoor spaces that maintain privacy, as well as designs inspired by the striking architectural style of Mediterranean buildings and a wide range of modern amenities and entertainment.

Commenting on the launch of this project, Aldar Development Chief Commercial Officer Rashid Al-Ameera said: “The strong demand for the Yas Park Gate project from both residential buyers and local and international investors is tangible evidence of the constantly growing attractiveness. of residential communities on Yas Island for living and investment. “Our new project, Yas Park Views, offers clients one last opportunity to own a family home in one of the most attractive destinations in the capital. Every aspect of the project takes the changing needs of our clients and meets their aspirations, so we expect strong demand for this exceptional complex.”

The residential project offers residents direct access to Yas Park, which covers an area of ​​115,000 square meters, or more than half the area of ​​Yas Mall, and sets new standards for the design of parks and outdoor spaces on the northern side of Yas Island and in the UAE as a whole. The park will offer a wide variety of recreational facilities that will come together for the first time in one place, which will be connected by a walkway that will allow access to each of them, along with the walking paths scattered around the park.

Upon completion, the “Yas Park Views” project will provide a unique opportunity for its residents to enjoy the characteristic recreational parks within the complex and to shop in its commercial center, in addition to community centers, gymnasiums, multi-purpose halls, swimming pools, and large outdoor spaces. . Residents of the project will also have access to the center of the “Noya” complex, which will contain a leading school adopting the British curriculum and managed by Aldar Academies, in order to meet all the educational needs on the island .

Construction work on the Yas Park Views project is scheduled to begin during the second quarter of 2023, while handovers are expected to begin during the second quarter of 2026. Customers interested in purchasing units in Yas Park Views can visit the Aldar Sales Center in Aldar Square Or call Aldar Sales Center at 800-ALDAR/800-25327, or email customermanagement@aldar.com.

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Obaid Al Yamahi

Aldar Property Company

+971 2 810 5555

Sarah Abdel Bary

Brunswick Golf

+971 4 560 9638

ALDAR@brunswickgroup.com

About Aldar Company

Aldar is a leading property development and management company in the UAE, with a diversified and sustainable operating model supported by two core businesses, Aldar Development and Aldar Investments.

Aldar Development Company continues its leading role in developing integrated communities that enrich the lives of residents across the most sought-after destinations in the Emirate of Abu Dhabi, including Yas Island, Saadiyat Island, Al Raha Beach and Al Reem- island. It also owns a land portfolio of 69 million square metres, comprising three business units: Aldar Projects, and will be responsible for managing the fee-based project management business unit, including a portfolio that includes civic housing and major infrastructure projects; Al Dar Al Riyada, which seizes new business opportunities and develops areas of innovation; and “Aldar Misr”, a platform that focuses on the promising and profitable Egyptian real estate market, as a major market for the development of integrated mixed-use communities.

Aldar Investments is the asset management unit of the Aldar Group, which includes a portfolio of 30 billion dirhams of real estate assets generating recurring income in the retail, residential, commercial, hotel and logistics assets. Aldar Logistics Assets owns a 70% interest in the Abu Dhabi Business Forum complex, which owns a complex of warehouses, offices and industrial facilities strategically located in the Industrial City of Abu Dhabi (ICAD), with a net leasable area of ​​approximately 166,000 square meters. Aldar Investments also manages the three main platforms: Aldar Education, Aldar Properties and Aldar Hospitality and Entertainment.

The “Al Dar Education” platform includes a portfolio of educational assets that include approximately 33,000 students in 28 schools operated and managed by “Al Dar Education”, in addition to a growing network of 3,000 teachers serving more than 100 nationalities belong, and it accepts a wide range of educational curricula and additional services Like a teacher training academy.

While “Aldar Properties” integrates commercial and residential property operations within the portfolio of “Provis”, which specializes in property management, and also includes community management through an integrated property management platform. The Aldar Hospitality and Leisure Company is responsible for overseeing the hotel and leisure asset portfolio of Aldar, which is primarily located on Yas Island and Saadiyat Island, in addition to Ras Al Khaimah. Aldar’s hotel portfolio includes 13 hotels, with a total of 4,250 hotel rooms, in addition to managing operations across golf courses, beach clubs and marinas.

Aldar shares are listed on the Abu Dhabi Securities Exchange (trading symbol ALDAR: UHThe company’s business achieves stable recurring profits and revenues, and it has a broad and diversified shareholder base. Aldar accepts the best standards of corporate governance, and is committed to managing sustainable operations in the long term, in order to achieve continuous added value for its shareholders.

Aldar adopts an ambitious vision as it aims to be the most trusted developer and property manager in the region, playing a pivotal role in the development of high-quality and convenient destinations that meet the needs of community members and across the necessary ingredients and capabilities available for work, living and entertainment.

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