Aldar Water’s Edge sells out; generates AED400mn sales
Abu Dhabi-listed developer, Aldar, has sold out the first phase of its new waterfront development, Water’s Edge, on Abu Dhabi’s Yas Island during Cityscape Global, worth AED400mn.
Commenting on it, 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.”
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.
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 early works for Water’s Edge will commence in December 2017, with the aim of beginning phased handovers between June and December 2020.