Abu Dhabi developer cites demand as reason behind decision as it offers payment plans in its first villa community
Homes in the West Yas development on Abu Dhabi’s Yas Island can now be purchased by buyers of all nationalities, the project’s developer, Aldar Properties, has announced.
The Abu Dhabi-based master developer said it has seen growing demand for units in the project, which is its first villa community, and is opening the project for purchase to all nationalities based on this demand.
“We have witnessed significant demand for the enriched community living experience that West Yas offers in Abu Dhabi’s most exciting destination – Yas Island. As such, we are delighted to open up West Yas to purchasers of all nationalities who will be able to take advantage of this master-planned community and its exceptional range of community facilities,” said Mohamed Khalifa Al Mubarak, Aldar’s CEO, in a statement from the company.
“West Yas is a key component of Aldar’s commitment to provide high quality, comfortable, well-situated residences. This forms an important element of our destination development strategy – to create a vibrant mix of communities on Yas Island,” he added.
West Yas is Aldar’s first villa community situated on the iconic Yas Island and features 1,000 four and five-bedroom villas ranging from 600 to 800sqm in size and with prices starting from AED4.3 million ($1.17m). Buyers can benefit from a payment plan of 25% during construction and 75% upon handover, with a minimum down payment of 5% of the purchase price, Aldar’s statement said.
Facilities in the project include a mosque for 2,000 worshippers, two schools, a retail centre, sports facilities and a petrol station, along with green areas and open public spaces, the developer said. The first school, operated by Aldar Academies, has been handed over and operational since August 31 this year, and most of the rest of the facilities will be completed by the end of the year, the statement added.
Following an evaluation by the Urban Planning Council in May, the project was awarded a two pearl rating, confirming its compliance with Estidama goals, Aldar said.