Aldar sells 80% of Yas Park Place homes
The project’s sales performance showcases the resilience of the UAE customer base, coupled with Aldar’s ongoing expansion of its international sales platform
Developer Aldar has sold 80% of the homes released at Yas Park Place, its residential community situated on Yas Island. This achievement has resulted in generating a sales revenue of over US $218mn.
Overlooking Yas Central Park, Yas Park Place comprises 6 mid-rise buildings offering a collection of studios, 1-, 2- and 3-bedroom homes, as well as 2-bedroom duplexes, within a walkable, garden-led community in Yas Island. 83% of customers were first-time Aldar home buyers, which underscores the development’s broad market appeal and Aldar’s expanding customer base, the company stated.
In a statement, Aldar announced that 4-buildings had been released for sale in Phase I, with the remaining 2-buildings set to be released in the second phase. The sales performance was bolstered by a series of customer events held in Abu Dhabi, Dubai, London, Hong Kong, and Shanghai.
According to Aldar, expatriate residents and international buyers accounted for 54% of total sales, with significant demand from buyers in Jordan, China, Taiwan, and the UK. This highlights the continued confidence in the Aldar brand among local investors, as 46% of sales were completed by UAE nationals, it continued.
CEO Jonathan Emery said, “We are highly encouraged by the strong market response to Yas Park Place, with sustained demand from both domestic and international investors reaffirming Abu Dhabi’s position as a compelling, long-term investment destination with robust underlying fundamentals.”
The project’s sales performance showcases the resilience of the UAE customer base, coupled with Aldar’s ongoing expansion of its international sales platform. The developer also noted that demand was driven by younger buyers, with 66% of customers being under the age of 45. This reflects the continued appeal of Yas Island to a diverse range of buyers and investors.
