The Sustainable City – Yas Island’s first phase sold out, sales value crosses Dhs1bn

The Sustainable City – Yas Island’s first phase sold out, sales value crosses Dhs1bn

The Sustainable City – Yas Island, launched by Aldar Properties (Aldar) in partnership with Diamond Developers, has achieved 100 per cent sales within 24 hours of its public launch. Sales at the first phase of the sustainability-centric community reached over Dhs1bn; 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 per cent of the units purchased by expatriates, of which 24 per cent were overseas investors. Around 87 per cent of customers bought their first Aldar property. Sixty-six 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. Jonathan Emery, CEO 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 an endorsement of the government’s forward-thinking policies, and is a clear indication that buyers are looking for more sustainable ways of living. It also provides further impetus for us to deliver more developments of this type across