Abu Dhabi-based property developer Aldar Properties PJSC has announced launch of Water’s Edge – a new AED 2.4 billion, 2,255-property waterfront development on Yas Island, which is home to seven hotels.
With exercise and recreation facilities, retail, restaurants and cafes, Water’s Edge comprises 13 apartment buildings with private courtyards, landscaped areas, pools, multipurpose courts and a mosque.
The development is adjacent to the upcoming Sea World theme park and a five-minute walk from Yas Mall, Ferrari World and the Yas Marina Circuit.
H.E Mohamed Khalifa Al Mubarak, CEO Aldar, commented: “Yas Island has established itself as Abu Dhabi’s most exciting destination with world-renowned leisure and entertainment attractions, and a range of luxury apartments, townhouses and villas set to welcome residents over the coming years.
“Water’s Edge is the latest chapter in the Yas Island story – bringing high quality waterfront living to the Emirate. We are confident that Water’s Edge will complement our existing residential portfolio, and draw a positive response from customers.”
With prices starting from AED480,000, Aldar will release one building for sale at Cityscape Global in Dubai on 11 September 2017.
In order to support Aldar’s recurring revenue strategy, Aldar will incorporate a number of Water’s Edge homes into its leased residential portfolio.
Water’s Edge is situated on Yas Island’s eastern shores, and the majority of units have full or partial views over water.
The early works for Water’s Edge will commence this December, with the aim of beginning phased handovers between June and December 2020.
The development is expected to build on the success of Aldar’s The Bridges, which launched and sold out in Q2 2017, and Meera, which is on track to complete during Q3 2018.
Aldar currently has more than 3,500 residences under development on Yas Island, including West Yas, Mayan, Yas Acres and Ansam, with Ansam due for handover later this year.
The Water’s Edge masterplan and floorplans will be available for viewing at Cityscape Global from 11-13 September in Dubai.
