ALDAR company announces implementation of 5 projects in Yas, Reem Islands

Chief Development Officer at ALDAR company, Talal Al Dhiyebi, revealed that his company is currently implementing 5 projects on the islands of Yas and Reem, which will provide 4099 villa and housing unit for Abu Dhabi market, during the period from 2017 to 2019.
 
Al Dhiyebi added that foreign buyers represented 70% of the company's projects on Yas Island, and more than 80% of the company's projects on Reem Island, while the proportion of citizens' buyers amounted to about 30%, according to al-Bayan newspaper.

He explained that foreign buyers' sales in Yas project, which consisting of 1315 villa at a cost of 6 billion dirhams, exceeded 70%, indicating that the  proportion of the development projects sales reached to 3.5 billion dirhams last year's, supported by continued demand for villas and units in Yas project, Maayan and West Yas in Yas Island in particular.

Al Dhiyebi  said that the increase in demand from foreign buyers on the company's projects, especially in Yas Island, made the company to open new projects to have all nationalities, adding that the high demand from foreign buyers on the company's projects, due to their confidence in the real estate investment's atmosphere in Abu Dhabi, especially after the application of the real estate regulatory law, early last year, in addition to the company's facilities for the buyers to pay the value of villas and units of project.

ALDAR company announced, last Wednesday, its intention to launch the waterway, which is the most important facilities in the developmental project of "Shams Abu Dhabi" on Reem Island, along the 2.4 kilometer, in April next year.

Al Dhiyebi said that his company planned to introduce projects for middle income, during the current year, in the framework of monitoring the significant increase in demand for this category of projects.