Abu Dhabi – Mubasher: Aldar Properties announced Tuesday that it will exhibit its Water’s Edge development, located in Yas Island Abu Dhabi, at the Restatex Cityscape Riyadh.

The real estate event will be held in the Saudi capital from 27 to 30 September 2017. 

“Saudi Arabia has become an increasingly important market for [Aldar Properties], and we look forward to engaging with Saudi investors at Restatex Cityscape Riyadh,” highlighted chief development officer Talal Al Dhiyebi.

Aldar sold the initial phase of Water’s Edge at Cityscape Global in Dubai, with AED 400 million in sales, the company said in a statement, noting that it is planning to put more homes up for sale in the next phases soon.

“Buyers were attracted by both the potential for yields of 8% as well as the opportunity to live on Yas Island,” Aldar highlighted.

Located in the UAE capital, Yas Island attracts major governmental investments particularly with Aldar’s “upcoming AED 12 billion South Yas development.”

“Aldar is proud of its role in Abu Dhabi’s ongoing evolution, providing high quality real estate developments in key locations around the Emirate,” Al Dhiyebi added.

He revealed that the Water’s Edge was sold out in less than two days, noting that the project “appealed to investors”.

More than 23,000 homes have been delivered by Aldar across Abu Dhabi, the company revealed, adding that it currently has over 3,500 homes and units underdevelopment on Yas Island.

“[The] Water’s Edge project is a waterfront property that features 2,255 apartments, ranging from studios to three bedrooms. Construction is expected to commence in Q4-17 and [the project will] be ready for handover during 2020,” Aldar added.  

Other developments on Yas Island include the AED 6 billion Yas Acres which comprises golf and waterfront developments with 1,315 villas and will be completed in 2019, the UAE-based company concluded.