Abu Dhabi-listed developer, Aldar Properties, announced that it has sold out the second phase of Waters Edge, the companys latest waterfront development on Yas Island, bringing the total sales value of all units launched to over AED800mn.
Commenting, Talal Al Dhiyebi, chief executive officer, Aldar Properties, said: We are delighted to have sold out these two phases of Waters Edge in such a short space of time. The exceptional response demonstrates customer confidence in Aldars developments and our ability to create communities in which people want to live. The continued demand for homes on Yas Island further solidifies the destinations reputation as one of Abu Dhabis most desirable locations.
Waters Edge offers the 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, multipurpose courts, and a mosque. With a balcony in each home, residents will be able to take in stunning waterfront views.
The location of Waters Edge is adjacent to SeaWorld Abu Dhabi, which is set to open in 2022, 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. Yas Island is a destination for major government investment, with the upcoming AED12bn South Yas development, incorporating the new, state of the art twofour54 campus being developed by Aldar, which will bring 10,000 media and entertainment industry professionals to the island.