The sell-out of Yas Island’s developed by the leading developer Aldar Properties with prices commencing at Dh8.3 million, reflects the growing demand for luxury living on the island. Aldar Properties announced the sell-out of Yas Riva in 24 hours, generating over Dh1.4 billion in sales. The key drivers of buyer’s interest is the location of the canal front community, it’s waterfront setting, and the design of its homes.
UAE nationals made up 52% of the sales reflecting their strong desire to live in a community like this on Yas Island. The remaining 48% were made up by foreign buyers and expatriate residents, indicating Abu Dhabi ever-growing appeal to both domestic and foreign investors. The attractive sales results also highlight the demand for upscale living spaces that provide a unique lifestyle in addition to luxury. Based on sales volume, Indian, Pakistani, and British nationals are the top three international buyers.
More than sixty percent of buyers are under the age of forty-five, reflecting how appealing the Yas Riva lifestyle is to young age. 38% of sales of an Aldar Property are to first-time purchasers, highlighting the company’s capacity to expand its client reach both domestically in the UAE and the abroad.
Source: Propertynews
