With prices starting at Dh8.3 million, the sell-out highlights Yas Island’s rising status as a premier destination to invest in and live in, and reflects the growing appetite for luxury living on the island. Aldar Properties on Monday announced the sell-out of Yas Riva in 24 hours, generating over Dh1.4 billion in sales. The canal front community’s location on Yas Island, its waterfront setting, and the design of its homes are all key drivers of buyer interest, the realtor said in a statement.
Because they wanted to live in a community like this on Yas Island, UAE nationals made up 52% of the sales. The remaining 48% were made up of foreign buyers and expatriate residents, indicating Abu Dhabi’s increasing appeal to both domestic and foreign investors. The impressive sales results also highlight the demand for upscale living spaces that provide a distinctive lifestyle in addition to luxury. Based on sales volume, Indian, Pakistani, and British nationals are the top three international buyers.
Sixty percent of purchasers are under forty-five, indicating how appealing the Yas Riva lifestyle is to younger consumers. 38% of sales of an Aldar property are to first-time purchasers, highlighting the company’s capacity to expand its clientele both domestically in the UAE and abroad.
