Aldar Properties announced it has sold out three buildings in the first phase of Gardenia Bay in just 24 hours.
23 per cent of sales were completed by non-resident buyers, which demonstrates Abu Dhabi’s appeal to global customers.
Expatriate residents accounted for a further 40 per cent, and Emirati customers made up the remaining 37 per cent.
Aldar Gardenia Bay sold out
Female buyers made up 35 per cent of sales and male buyers made up the remaining 65 per cent, while 71 per cent of all buyers were under the age of 45, highlighting Gardenia Bay’s appeal to primarily younger buyers.
Additionally, Aldar further diversified its customer base, with around 80 per cent of Gardenia Bay buyers purchasing their first Aldar property.
In response to overwhelming demand, three building have been released for public sale.
Open to buyers of all nationalities, units are competitively priced, with studios starting from AED805,000, while three-bedroom apartments start from AED3.1m.
Rashed Al Omaira, Chief Commercial Officer at Aldar Development, said: “Located on 1km of canal frontage in the heart of Yas Island, Gardenia Bay has attracted significant interest from both local and international buyers interested in wellness and nature.
“The success of the sales launch emphasizes Abu Dhabi’s continued appeal as a destination to invest in and Yas Island’s position as a desirable world class destination to reside in with waterfront living.
“We expect that sales will continue to perform strongly as we release more units for sale.”
Gardenia Bay is located opposite Yas Park, the first family and recreational park in Abu Dhabi, and is within cycling distance of several of Yas Island’s attractions, such as SeaWorld Abu Dhabi, Ferrari World Abu Dhabi, and Yas Mall.
The development also benefits from easy access to Abu Dhabi International Airport and the main highways to Saadiyat Island, downtown Abu Dhabi, and Dubai.
Construction of the first phase of Gardenia Bay is due to begin in Q1 2024 with handovers expected in Q2 2027.
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