Aldar's new Yas Island villa project sold 'in record four hours'
ABU DHABI
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Aldar Properties has announced that Noya Luma, the third phase of its key residential development Noya on Yas Island featuring a total of 189 standalone villas, got sold out within four hours.
This comes following the rapid sell-out of the first and second phases of the community, demonstrating the persistent demand for high-quality homes on Yas Island, said the Abu Dhabi developer.
In total, Noya, Noya Viva and Noya Luma have generated more than AED2.5 billion in the past six months, it stated.
Adding to the first two phases, Noya Luma brings 189 standalone villas to the Noya masterplan. Located in an investment zone, Noya Luma is open to all nationalities with buyers at the development representing a total of 24 countries.
UAE nationals purchased the highest number of units (50%), followed by buyers from Lebanon, Jordan, Canada and Syria. Additionally, 73% of buyers purchased their first Aldar property, while 53% were under the age of 40 and 31% of total purchases were made by women.
Commenting on the robust sales, Chief Commercial Officer Rashed Al Omaira said: "The entire Noya development has proven to be incredibly popular amongst investors and homeowners, with Noya Luma’s success solidifying the community as one of the most desirable new residential addresses in Abu Dhabi."
"To satisfy the needs of our customers, we made the decision to only offer standalone villas at Noya Luma following the significant interest registered in villas at the first two phases and this has proven to be a very successful approach," he stated.
"Similar to other recent launches, we saw growing interest from overseas buyers at Noya Luma and we expect this trend to continue as more and more expats realise the benefits of Abu Dhabi’s recently implemented real estate, residency and investment reforms," he added.
According to him, in total, AED560 million in sales was generated at Noya Luma. Prices for three-bedroom villas starts from AED2.41 million, while four- and five-bedroom villas starts at AED2.77 million and AED3.27 million respectively.
The average plot sizes at Noya Luma were larger than their phase two counterparts, allowing for increased indoor and outdoor space, he added.
Aldar said Noya Luma is the latest addition to its residential portfolio on Yas Island, which includes Noya, Noya Viva, Yas Acres, Water’s Edge, Lea, Ansam and Mayan.
Construction at Noya Luma will begin in November, with the handovers likely in February 2024, it added.-TradeArabia News Service
