Aldar Properties’ Noya project sold within four hours of launch

SourceGulf Business
SectorReal Estate

Abu Dhabi’s property developer Aldar Properties has confirmed that its residential community Noya, situated on Yas Island, was sold out in four hours on the first day of the public launch. It generated over Dhs1bn in sales, taking the year to date sales to over Dhs3bn. Located in an investment zone, 60 per cent of Noya’s end-buyers were UAE nationals, the rest being non-UAE nationals. The project’s buyer demographics consists of a younger customer base with 50 per cent under the age of 45 and 20 per cent under 30. Meanwhile, 25 per cent buyers were female. The residential development claims to be the first affordable townhouse and villa community on Yas Island, with prices starting at Dhs1.49m. “The strong response we received on Noya is a prime example of our commitment to deliver the right property that meets the market demand and expectations of customers,” said Rashed Al Omaira, executive director – commercial at Aldar Properties. “It is also a clear testament to the strength of Abu Dhabi’s real estate market and the solid appetite for well-priced, premium developments in prime locations like Yas Island. As one of Abu Dhabi’s most sought-after destinations, Yas Island continues to attract a diverse mix more...