Aldar launches Yas Park Place and has generated over $218m already. The company has sold 80% of homes released at Yas Park Place, its new mid-rise residential community at the heart of Yas Island and has generated over AED 800m in sales.
The sales performance was backed by a range of customer events in Abu Dhabi, Dubai, London, Hong Kong and Shanghai.
Expatriate residents and international buyers compromised of 54% of total sales, with strong demand from buyers from Jordan, China, Taiwan, and the UK. 46% of sales were completed by UAE nationals, illustrating a persistent confidence in the Aldar brand amongst local investors.
Moreover 83% of customers were first-time Aldar home buyers, underlining the development’s broad market appeal and Aldar’s expanding customer base.
Younger buyers also generated some demand with 66% of customers under the age of 45, demonstrating a continued appeal of Yas Island among a diverse range of buyers and investors.
“We are highly encouraged by the strong market response to Yas Park Place, with sustained demand from both domestic and international investors reaffirming Abu Dhabi’s position as a compelling, long-term investment destination with robust underlying fundamentals.”
Jonathan Emery, Chief Executive Officer, Aldar Development
Jonathan also mentioned that the project’s sales performance is reflective of the depth and resilience of the UAE customer base, coupled with the continued expansion of Aldar’s international sales platform.
Aldar has released four building among the first phase, with the outstanding two buildings to be released in the second phase, building on the strong momentum encouraged during launch.
Overlooking Yas Central Park, Yas Park Place is formed of six mid-rise buildings offering a collection of studios, one-, two-, and three-bedroom homes, and two-bedroom duplexes, within a walkable, garden-led community in the centre of Yas Island.
