Dubai: UAE’s developers are turning towards villa launches – Abu Dhabi’s Aldar has confirmed the third release of its ‘Nayo’ cluster, with 189 homes worth from Ad2.41 million.
An earlier release of 480 villas – situated on Yas Island – got sold out within 48 hours the previous month. It contained many first-time buyers. The first in the series was in November of the previous year and was also the first attempt by a UAE developer to test the off-plan requirement since the COVID-19 spread.
Rashed Al Omaira, Chief Commercial Officer at Aldar Development, said: “The strong response to the first two phases of the Noya development reflects renewed consumer confidence, and confirmation that Abu Dhabi’s real estate market is going from strength to strength.
“We continue to consult with our customers to ensure that the products we offer meet their needs, allowing us to deliver properties that address gaps in the market. Noya Luma is a prime example of this, and it will strongly complement our existing portfolio of assets on Yas Island, one of the Emirate’s premier destinations.”
In Dubai too
Last week, Nakheel, the Dubai Government owned developer, hit the sweet spot by selling more than 200 villas at its Al Furjan community. Another 200 will be released shortly.
It confirms what property market sources have been saying of late – big homes are in fashion with purchasers. Just incorporate some green and open spaces as well.