The Sustainable City – Yas Island: A Sold-Out Success in 24 Hours
The Sustainable City - Yas Island was launched by Aldar Properties in partnership with Diamond Developers.
– The project achieved 100% sales within 24 hours of its public launch, generating over Dh1 billion.
– An additional 352 townhouses and condos meant for release in upcoming phases were put on sale because of heavy demand.
– The initial phase of the project offered 512 homes for purchase, with 76% of the units being bought by expatriates, including 24% of foreign investors.
– 87% of the buyers were first-time Aldar property owners, and 66% of buyers were under the age of 45.
– 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.
– 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.
– The success of the project is a testament to the growing demand for sustainable living in the UAE and the impact of the government's Green Agenda.
– The CEO of Aldar Development, Jonathan Emery, said that the 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.
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