Aldar unveils AED2.4bn waterfront residential project on Yas Island
Abu Dhabi-based Aldar Properties unveiled its new waterfront development on Yas Island, Water’s Edge, a AED2.4bn, 2,255-units master planned project.
With prices starting from AED480,000, Aldar will release one building for sale at Cityscape Global in Dubai on September 11, 2017. Water’s Edge offers purchasers of all nationalities the opportunity to invest in a genuine
Water’s Edge offers purchasers of all nationalities the opportunity to invest in a waterfront development on Yas Island. In order to support Aldar’s recurring revenue strategy, Aldar will incorporate a number of Water’s Edge homes into its leased residential portfolio. Water’s Edge is situated on Yas Island’s eastern shores, and the majority of units have full or partial views of the water. Residents will enjoy Water’s Edge’s wide choice of exercise and recreation facilities, retail, restaurants, and cafes, in addition to Yas Island’s abundant attractions.
HE Mohamed Khalifa Al Mubarak, chief executive officer, Aldar, commented: “Yas Island has established itself as Abu Dhabi’s most exciting destination with world-renowned leisure and entertainment attractions, and a range of luxury apartments, townhouses, and villas set to welcome residents over the coming years. Water’s Edge is the latest chapter in the Yas Island story – bringing high-quality waterfront living to the capital. We are confident that Water’s Edge will complement our existing residential portfolio, and draw a positive response from customers.”
Water’s Edge offers a complete outdoor lifestyle, with pedestrian access to all amenities including a waterfront promenade with multiple dining and retail options. The 13-apartment buildings will be complemented by private courtyards with spacious landscaped areas, pools, multi-purpose courts, and a mosque. With a balcony in each home, residents will be able to take in waterfront views.
The location of Water’s Edge is adjacent to the upcoming Sea World theme park, and only a five-minute walk from Yas Mall, Ferrari World, and the Yas Marina Circuit. In addition, Yas Island is also home to seven hotels, Yas Beach, and Yas Links Golf & Country Club. It will also welcome the Warner Bros. World Abu Dhabi theme park in 2018.
The early works for Water’s Edge will commence in December 2017, with the aim of beginning phased handovers between June and December 2020. Talal Al Dhiyebi, chief development officer, Aldar, said: “We will come out with the tender for the early works in the fourth quarter of 2017. We will begin the construction in March 2018 with the aim of completing the first phase by 2020.”
The sales will be conducted in phases; At Cityscape Global, Aldar will launch 319 homes – all within the U-shaped building, which offers the full range of units.
Aldar currently has more than 3,500 residences under development on Yas Island, including West Yas, Mayan, Yas Acres and Ansam, with Ansam due for handover later this year.