The Sustainable City – Yas Island, launched by Aldar Properties (Aldar) in partnership with Diamond Developers, has achieved 100 percent sales within 24 hours of its public launch, the company said.
Sales in the first phase of the sustainability-centric community reached over AED1 billion.
After the resounding sales for the first phase, the company has now announced the release of the remaining 352 townhouses and condominiums for sale.
Success of the sustainable city project
“A total of 512 homes were available during the first phase of the project, with 76 percent of the units purchased by expatriates. 24 percent of the expat investors were overseas investors, demonstrating Aldar’s growing international customer base,” the company said.
Jonathan Emery, Chief Executive Officer at Aldar Development said the success of the project is an endorsement of the government’s forward-thinking policies, and is a clear indication that buyers are looking for more sustainable ways of living.
“It also provides further impetus for us to deliver more developments of this type across the region alongside Diamond Developers,” he said.
The sales launch of The Sustainable City – Yas Island was the first fully-paperless sales event for Aldar, where customers were able to complete their transactions digitally, using electronic signatures.
The digitalisation of real estate transactions, which was enabled through the introduction of the UAE’s Law on Electronic Transactions and Trust Services (E-Law), offers an enhanced and more convenient experience for customers and a more environmentally friendly way to complete property purchases.
Announced in January 2022 during Abu Dhabi Sustainability Week, the Yas Island construction is slated to commence in Q2, 2023, with first handovers expected in Q4 2025.
Follow us on
