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Aldar’s Water’s Edge nabs AED 400m sales at Cityscape

Aldar’s Water’s Edge nabs AED 400m sales at Cityscape
Water's Edge saw sales worth AED 400 million
Aldar
ALDAR
-1.08% 5.52 -0.06

Abu Dhabi – Mubasher: Aldar Properties on Wednesday announced that the first phase of its new waterfront development, the Water’s Edge, has been sold out at Cityscape Global 2017.

The development located on Abu Dhabi’s Yas Island saw sales worth AED 400 million ($108.92 million) during the three-day mega real estate event held in Dubai.

“Coming to Cityscape in Dubai and selling out Water’s Edge on the global stage is a huge success for us, and shows that the Abu Dhabi real estate market remains attractive to property buyers from around the world,” Aldar’s chief development officer Talal Al Dhiyebi said in an official statement.

Last week, Abu Dhabi-based Aldar announced launching its AED 2.4 billion development Water’s Edge during Cityscape Global.

Unit prices will start from AED 480,000, Aldar had said, adding that buyers from all nationalities were welcome to invest in the waterfront project, which will comprise a total of 2,255 homes.