Aldar sells out homes at third phase of Yas Acres development – The National

Aldar sells out homes at third phase of Yas Acres development – The National

Aldar Properties, Abu Dhabi’s biggest listed developer, completed the sale of all homes at a newly launched project on Yas Island as the UAE’s property market continues to recover from the impact of the coronavirus pandemic.

The company registered total sales of Dh1 billion ($272 million) from the sale of 312 residential units at the Magnolias, the third phase of its Yas Acres Development, the company said in a statement to the Abu Dhabi Securities Exchange, where its shares are traded.

“Our strategy to increase overseas buyers across our developments is working and we are proud to welcome a new wave of international investment into Abu Dhabi,” Rashed Al Omaira, chief commercial officer at Aldar Development, said.