ALDAR'S LEA SELLS OUT DURING CITYSCAPE – OVER AED 400 MILLION IN SALES
Over AED 2 billion generated from latest development launches
16 April 2019 - Abu Dhabi, UAE: Aldar Properties PJSC ('Aldar') latest development, Lea located on the northern shores of Yas Island has sold out during Cityscape Abu Dhabi generating over AED 400 million in sales.
Offering land plots starting at AED 990,000 and sizes ranging from 405 sqm - 1,800 sqm, and available for purchase by all nationalities, Lea features 238 residential plots in a prime location adjacent to Aldar's flagship Yas Acres project. Lea boasts parks, promenades, and waterside walkways. In addition to this, residents benefit from all of the amenities within Yas Acres – parks, swimming pools, play areas, bbq and picnic areas, schools, mosques and the Yas Acres full length nine hole golf course.
This most recent sell out follows the successful launch of Alreeman, a land plot masterplan located close to Abu Dhabi Airport, which generated AED 1.6 billion in sales.
Commenting, Talal Al Dhiyebi, Chief Executive Officer, Aldar Properties, said: "Selling over AED 400 million of real estate is a ringing endorsement of what we do best – understanding what our customers need and then creating the right product to fulfill their requirements. We are off to a flying start this year, and we are seeing really strong demand for land opportunities within well thought out, master planned communities. Generating over AED 2 billion from our two most recent developments – Al Reeman and Lea, shows how market sentiment is moving in a positive direction."
Maan Al Awlaqi, Executive Director – Commercial, Aldar Properties said: "We are delighted with the response we received for Lea from both investors and homeowners of various nationalities. This is further evidence of the strong demand for land plots, following our launch of Alreeman. This is also our first development launch since we opened our inaugural experience centre in Dubai earlier this year, and we are seeing how this new demand channel from further afield is being reflected in transactions."