Aldar and Diamond Developers are bringing a new lifestyle to Abu Dhabi with the launch of The Sustainable City

● Aldar and Diamond Developers collaborate to develop a unique sustainable experience in Abu Dhabi

● An exceptional destination for living and working with green open spaces, quiet lanes and community farms

● 512 residential units will be available for sale in the first phase of the project

Abu Dhabi, UAE: Aldar Properties (“Aldar”) – in partnership with Diamond Developers – has launched the “Sustainable City – Yas Island” project, a sustainable community that offers a new lifestyle for residents of Abu Dhabi. Building on the same strengths as Dubai’s sustainable city, this project encourages its residents to stroll through its green open spaces, quiet lanes and lush community farms.

The new sustainable city project mediates a green agricultural area that extends along the community, and includes gardens, lakes and bio-domes in which vegetables will be grown and distributed throughout the community. The Sustainable City focuses primarily on building a vibrant community with many community amenities including an equestrian center with stables, a track and field, a gymnasium, swimming pools, jogging and cycling tracks, football, basketball and rowing courts, in addition to many other facilities, shops, food and beverage outlets, a nursery, an autism center and a sustainable green mosque.

This low-emission community also offers a network of bike lanes and rechargeable battery-powered carts, allowing residents and visitors to move around the development and keep their cars on the perimeter. The community’s design philosophy focuses on increasing walkability and facilitating clean commuting options throughout the community.

The Sustainable City – Yas Island will include apartments and townhouses within 10 residential complexes, all of which are available to buyers of all nationalities. The first phase of the project includes the construction of 272 apartments and 240 townhouse units, which will be offered for sale on January 19. The residential units are available in different options including one, two and three bedrooms, with an average price of AED 892,000 per one bedroom unit. Three- and four-bedroom townhouses are also available in the project, with an average price of AED 3.24 million for a three-bedroom unit.

Jonathan Emery, Chief Executive Officer of Aldar Development, said: “The Sustainable City – Yas Island is a unique project within Aldar’s portfolio, reflecting our commitment to providing a variety of exceptional living experiences that our local and international clients want to live in. and invest in Our community comes This new product is in response to the strong demand for sustainable lifestyles, as more and more environmentally conscious customers are looking for sustainable living experiences that focus on protecting the environment, reducing carbon emissions, reducing energy consumption and the basic principles of circular economy. This project will be developed in collaboration with Diamond Developers specializing in creating and managing sustainable cities that focus on building a low-carbon future.

The Sustainable City – Yas Island community is based on three main pillars – economic, social and environmental sustainability. As one of only a handful of communities rated “Three Pearls” by Abu Dhabi’s Pearl Rating System, the project will be powered by clean renewable energy, including solar panels installed on the roofs of parking buildings, enabling residents to save up to 50. % of electricity bills. In addition, the project’s highly efficient water systems, sustainability technologies, community design principles and recycling facilities help reduce carbon emissions, reduce water and energy consumption and reduce waste generation.

Salah Habib, CEO of Diamond Developers, for his part, said: “Cities must develop a road map for achieving climate neutrality, taking into account all strategies and solutions that reduce the waste of natural resources, including materials used in construction and food production solutions are used. The ‘Sustainable City – Yas Island’ represents an important milestone in our efforts to support the goals of the UAE’s initiative to achieve climate neutrality, as it will provide Abu Dhabi residents with the opportunity to live in a sustainable society by using clean energy and recycling, in addition to encouraging local agriculture and sustainable transport solutions. “The residential community will also adopt the latest innovations in sustainable technology, giving it a leading role in meeting the challenge of climate change. We are proud to introduce this unique residential community in partnership with Aldar Properties. “

The Sustainable City – Yas Island was announced in January 2022 during Abu Dhabi Sustainability Week and is the result of a joint venture with Diamond Developers, the company behind the sustainable city brand. Construction of the project will begin in the second quarter of 2023; Delivery of the first phase is expected to begin during the fourth quarter of 2025.

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For more information, please call the following numbers:

Media communication:

Obaid Al Yamahi Aldar Properties +971 2 810 5555 Sarah Abdulbari 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, the project execution arm responsible for managing the fee-based project management business unit; 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. Al Dar Hospitality and Leisure Company is responsible for overseeing the portfolio of hotel and leisure assets of Al Dar, which are mainly 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 code ALDAR: UH). The 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 abilities available for work, living and entertainment.

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