Aldar said on Wednesday it has sold out the first phase of its new waterfront development Water’s Edge on Abu Dhabi’s Yas Island during Cityscape Global, worth AED400 million ($100.9 million).
With prices starting from AED480,000, Water’s Edge is a AED2.4 billion ($650 million), 2,255 home master planned development being built by the Abu Dhabi-based developer.
The early works for Water’s Edge will start in December, with the aim of beginning phased handovers between June and December 2020.
Water’s Edge is situated on Yas Island’s eastern shores, and the majority of units have full or partial views over water. Water’s Edge will also offer a wide choice of exercise and recreation facilities, retail, restaurants and cafes.
Talal Al Dhiyebi, chief development officer, Aldar Properties, said: “Coming to Cityscape in Dubai and selling out Water’s Edge on the global stage is a huge success for us, and shows that the Abu Dhabi real estate market remains attractive to property buyers from around the world.”
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