Aldar, Diamond Developers sell out first phase of ‘The Sustainable City – Yas Island’ within 24 Hours

Aldar, Diamond Developers sell out first phase of ‘The Sustainable City – Yas Island’ within 24 Hours

ABU DHABI: The Sustainable City – Yas Island, launched by Aldar Properties (Aldar) in partnership with Diamond Developers, has achieved 100 percent sales within 24 hours of its public launch.

Reflecting the resounding success of Aldar’s first partnership on a development, sales at the first phase of the sustainability-centric community reached over AED 1 billion and the remaining 352 townhouses and condominiums have now been released for sale.

A total of 512 homes were available during the first phase of the project, with 76 percent of the units purchased by expatriates, of which 24 percent were overseas investors, demonstrating Aldar’s growing international customer base. 87 percent of customers bought their first Aldar property indicating the creation of a new customer base seeking a more sustainable lifestyle. 66 percent of buyers were under the age of 45, which also demonstrates strong demand for sustainability-driven properties and communities among new customer segments and younger generations.

Commenting on the rapid sell-out of the development, Jonathan Emery, Chief Executive Officer at Aldar Development said: “From formulating its Green Agenda to declaring 2023 as the Year of Sustainability, the UAE continues to prioritise sustainable development. The success we have seen with The Sustainable City – Yas Island is