Dubai: A UAE developer is now allowing expatriates to own off-plan villas at its residential development in Abu Dhabi.
Aldar Properties’ West Yas, a master-planned community on Yas Island that offers 1,000 four and five-bedroom villas, was earlier sold exclusively to UAE nationals.
Residential units currently sell for Dh4.3 million and range from 600 to 800 square metres in size. The development promises “waterfront views overlooking the natural mangroves” around the island, which is also home to Yas Mall, Ferrari World, du Arena, Yas Waterworld and numerous hotels.
Mohammad Khalifa Al Mubarak, chief executive officer of Aldar, said that “significant” demand from other buyers have prompted them to open up the sales to all nationalities.
“We have witnessed significant demand for the enriched community living experience that West Yas offers in Abu Dhabi’s most exciting destination — Yas Island. As such, we are delighted to open up West Yas to purchasers of all nationalities,” Al Mubarak said in a statement.
Interested buyers can purchase a home through a payment plan of 25 per cent during construction, and 75 per cent upon handover, with a minimum down payment of 5 per cent of the purchase price.
“West Yas is a key component of Aldar’s commitment to provide high quality, comfortable, well-situated residences. This forms an important element of our destination development strategy — to create a vibrant mix of communities on Yas Island.”
The community development will also have a mosque built for 2,000 worshippers, two schools, a retail centre, sports facilities, a petrol station and extensive landscaping and greenery in open public spaces.
The first school, operated by Aldar Academies, has been handed over and operational since August 31, 2016.
