ABU DHABI / WAM
Aldar Properties PJSC (‘Aldar’) on Saturday announced that Noya, its latest residential community in the heart of Yas Island, was sold out in four hours on the first day of the public launch, generating over AED 1 billion in sales, taking the year to date sales to over AED 3 billion. The launch of the 510-unit development demonstrates the strong interest in the Abu Dhabi real estate market for premium products.
Located in an investment zone, Noya was open to customers of all nationalities, where 60% of end-buyers were UAE nationals and 40% were non-UAE nationals. Noya attracted a younger customer base with 50% of buyers under the age of 45 and 20% under 30, representing the highest youth penetration. The launch witnessed a strong turnout from female customers, which represented 25% of female buyers. The master-planned residential development is the first affordable townhouse and villa community on Yas Island, with prices starting at AED 1.49 million.