Building on the success of the first two phases of its flagship development on Yas Island, Aldar Properties has announced the launch of Yas Acres The Magnolias.
The third phase of the development at the Yas Acres gated community consists of 312 villas and townhouses that are available for purchase by all nationalities from September 4.
With construction completed for properties in Redwoods, Aspens and Cedars, the previous phases of Yas Acres, Aldar said it is now releasing homes in Magnolias.
Construction of Magnolias is due to begin in the fourth quarter of 2021, with handovers expected to commence in the second half of 2024.
This addition to the Yas Acres development is in quick succession to the recent sell out of Noya Viva and Noya Luma on Yas Island.
Once Magnolias is completed, residents will enjoy access to a school, mosques, retail and F&B outlets, green spaces and community pools, Aldar said, adding that Yas Acres has become one of the most popular communities across Abu Dhabi, with current occupancy rates standing at 95 percent.
Homes in Magnolias will be competitively priced, Aldar said, with customers able to choose from two-, three-, and four-bedroom townhouses, three- and four-bedroom duplexes, and four-, five- and six-bedroom villas, many of which are golf course facing.
Rashed Al Omaira, chief commercial officer at Aldar Development, said: “Following the success of our recent launches on Yas Island, we expect to see high demand for these homes, particularly from younger buyers looking for either an investment foothold or to lay down family roots in one of Abu Dhabi’s most desirable locations.
“Furthermore, the upcoming handover of twofour54’s Yas Creative Hub in Yas South is set to bring a working population of over 10,000 to the island, and Yas Acres provides an ideal community for employees who will relocate their families closer to their workplace.”
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