Aldar launches new waterfront project on Yas Island

Aldar Properties, a leading property development company in Abu Dhabi, UAE, has announced the launch of Water’s Edge - a Dh2.4 billion ($653.2 million) new waterfront development on Yas Island. With prices starting from Dh480,000 ($130,653), Aldar will release one building for sale at Cityscape Global in Dubai on September 11. Water’s Edge, a 2,255-home master planned project, offers purchasers of all nationalities the opportunity to invest in a genuine waterfront development on Yas Island. Aldar will be participating in the Dubai edition of Cityscape in response to the growing demand from international buyers for its market leading homes in Abu Dhabi. In order to support Aldar’s recurring revenue strategy, Aldar will incorporate a number of Water’s Edge homes into its leased residential portfolio. Water’s Edge is situated on Yas Island’s eastern shores, and the majority of units have full or partial views over water. Residents will enjoy Water’s Edge’s wide choice of exercise and recreation facilities, retail, restaurants and cafes, in addition to Yas Island’s abundant attractions that make it the most exciting destination in Abu Dhabi. Mohamed Khalifa Al Mubarak, chief executive officer, Aldar, said: “Yas Island has established itself as Abu Dhabi’s most exciting destination with world-renowned leisure and entertainment attractions, and a range of luxury apartments, townhouses and villas set to welcome residents over the coming years. Water’s Edge is the latest chapter in the Yas Island story – bringing high quality waterfront living to the emirate. We are confident that Water’s Edge will complement our existing residential portfolio, and draw a positive response from customers.” Water’s Edge offers the complete outdoor lifestyle, with pedestrian access to all amenities including a waterfront promenade with multiple dining and retail options. The 13 apartment buildings will be complemented by private courtyards with spacious landscaped areas, pools, multipurpose courts and a mosque. With a balcony in each home, residents will be able to take in stunning waterfront views. The location of Water’s Edge is adjacent to the upcoming Sea World theme park, and only a five minute walk from Yas Mall, Ferrari World and the Yas Marina Circuit. In addition, Yas Island is also home to seven hotels, Yas Beach, and Yas Links Golf & Country Club. It will also welcome the Warner Bros. World Abu Dhabi theme park in 2018. Yas Island is a destination for major Government investment, with the upcoming Dh12 billion ($3.2 billion) South Yas development, incorporating the new, state of the art twofour54 campus being developed by Aldar, which will bring 10,000 media and entertainment industry professionals to the island. The early works for Water’s Edge will commence this December, with the aim of beginning phased handovers between June and December 2020. The development is expected to build on the success of Aldar’s The Bridges, which launched and sold out in Q2 2017, and Meera, which is on track to complete during Q3 2018. Aldar currently has more than 3,500 residences under development on Yas Island, including West Yas, Mayan, Yas Acres and Ansam, with Ansam due for handover later this year