Karmactive TeamYas Island, launched by Aldar Properties in partnership with Diamond Developers, has achieved 100 per cent sales within 24 hours of its public launch, generating over Dh1 billion. Because of the heavy demand, an additional 352 townhouses and condominiums – meant for release in upcoming phases – have now been put on sale. Most favorable highlight being the sustainable features.
The initial phase of the project offered 512 homes for purchase, with a significant portion of 76% of the units being bought by expatriates, including 24% of foreign investors, showcasing Aldar’s growing international customer base. Many of the buyers, 87%, were first-time Aldar property owners, and a majority of 66% of buyers were under the age of 45.
The Sustainable City – Yas Island has seen tremendous success, selling out all 512 homes within 24 hours of its public launch, generating over Dh1 billion. This achievement is a testament to the growing demand for sustainable living in the UAE and the impact of the government’s Green Agenda and commitment to making 2023 the Year of Sustainability. According to CEO Jonathan Emery of Aldar Development, this success is a clear indication that buyers are searching for more environmentally conscious housing options and it serves as a motivator for the company to continue to develop similar projects in partnership with Diamond Developers across the region.
“Selling out the first phase of the community is a fantastic result for our business and caps off a perfect week having launched our net zero plan and a number of other commitments across our business during Abu Dhabi Sustainability Week.”
The launch of The Sustainable City – Yas Island marked a milestone for Aldar Properties as it was the company’s first fully digital sales event, with customers completing transactions using electronic signatures. The project received overwhelming response and achieved 100% sales within 24 hours of public launch. The construction of the project is set to begin in the second quarter of 2023, with expected completion and handover of units in the fourth quarter of 2025.
