Aldar successfully sells out ‘Yas Park Gate’

Aldar Properties (Aldar) has announced the successful sell-out of its recently launched Yas Park Gate community on Yas Island, achieving Dhs1.1 billion in sales.

Almost 10 per cent of sales came from non-resident buyers, demonstrating Abu Dhabi’s appeal to international customers. Expatriate residents of the UAE accounted for 5 per cent, with Emirati customers purchasing the remaining 85 per cent, a statement by Aldar said on Monday.

Aldar’s strategy to expand its customer base has seen resounding success, with 95 per cent of buyers of Yas Park Gate properties purchasing their first Aldar home. Additionally, 49 per cent of buyers were under the age of 40, and the number of female customers reached 35 per cent.

With customer demand continuing to grow at pace, Aldar has simultaneously launched the adjacent Yas Park Views community, comprising 341 standalone villas on the doorstep of Yas Park Gate. Yas Park Views is the final North Yas community of its type to offer single-family homes, creating an exclusive community that will be available for purchase by all nationalities from Nov.23.

Yas Park Views’ offers buyers single-family villas, with three, four and five-bedroom villas. Commenting on the launch, Rashed Al Omaira, Chief Commercial Officer at Aldar Development, said, “The strong response to Yas Park Gate from both resident buyers and local and international investors is a testament to the continued appetite to live and invest in Yas Island’s communities. Yas Park Views offers customers a final opportunity to own a single-family home in one of the capital’s most desired locations.

WAM