The Sustainable City – Yas Island, constructed by Aldar Properties in collaboration with Diamond Developers, had 100% of its sales closed within 24 hours of its public debut, generating more over Dh1 billion
Due to the high demand, 352 additional townhomes and condominiums that were supposed to be released in later phases are now up for sale.
In the first stage of the project, 512 homes were available, and 76% of them were purchased by foreigners, including 24% foreign investors, demonstrating Aldar’s rising international clientele. 66% of customers who bought an Aldar home were under the age of 45, and almost 87% of buyers bought their first Aldar property.
Jonathan Emery, CEO at Aldar Development, said: “From formulating its Green Agenda to declaring 2023 as the Year of Sustainability, the UAE continues to prioritize sustainable development. The success of The Sustainable City – Yas Island is a testament to the government’s progressive initiatives and proves that consumers are seeking out more environmentally friendly living options. It also provides further impetus for us to deliver more developments of this type across the region alongside Diamond Developers.
“Selling out the first phase of the community is a fantastic result for our business and caps off a perfect week having launched our net zero plan and a number of other commitments across our business during Abu Dhabi Sustainability Week.
Aldar’s first totally paperless sales event, The Sustainable City – Yas Island‘s sales launch allowed customers to finish their purchases online using electronic signatures.
The first handovers are planned to occur in Q4 2025, with building on the project set to begin in Q2 2023.
