Aldar Properties's new project sells out at AED 1bn

SectorReal Estate

Abu Dhabi – Mubasher: Aldar Properties' 510-unit Noya, its latest residential community on Yas Island, has been sold out with a value of over AED 1 billion on the first day of the public launch. Following the sale of Noya's units, the total value of the company's sales reaches more than AED 3 billion, according to a recent press release. Located in an investment zone, Noya has attracted customers of all nationalities, as 60% of end-buyers were UAE nationals and 40% were non-UAE nationals. The construction of Noya is scheduled to start in the second quarter (Q2) of 2021, with handovers to begin in Q2 of 2023.

The Executive Director – Commercial at Aldar Properties, Rashed Al Omaira, said: "As one of Abu Dhabi’s most sought-after destinations, Yas Island continues to attract a diverse mix of buyers who are looking for the right balance of quality, location, and lifestyle." more...