01 October 2017

Aldar sold out the first phase of its Dh2.4-billion ($653.2 million) waterfront development, Water’s Edge, on Abu Dhabi’s Yas Island, at last month’s Cityscape Global in Dubai.

A 2,255-home masterplanned project, Water’s Edge offers a complete outdoor lifestyle, with pedestrian access to all amenities including a waterfront promenade with dining and retail options.

Thanks to its prime location, adjacent to the upcoming Sea World theme park, and only a five-minute walk from Yas Mall, Ferrari World and the Yas Marina Circuit, Water’s Edge had sparked a lot of interest.

With prices starting from Dh480,000 ($130,653), Aldar had released the first phase of the waterfront development for sale at the property expo and by the close of the expo it has netted Dh400 million ($108.9 million) in sales.

Talal Al Dhiyebi, the chief development officer, said: “Coming to Cityscape in Dubai and selling out Water’s Edge on the global stage is a huge success for us, and shows that the Abu Dhabi real estate market remains attractive to property buyers from around the world.”

The project is situated on Yas Island’s eastern shores, and the majority of units have full or partial views over water.

“Residents will enjoy Water’s Edge’s wide choice of exercise and recreation facilities, retail, restaurants and cafes, in addition to Yas Island’s abundant attractions that make it the most exciting destination in Abu Dhabi,” he added.

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