Aldar Properties has raised AED 1bn ($272mn) from the first sold out phase of 267 units of its Yas Acres villa development in Abu Dhabi.
As a result of the strong demand the developer has put a second block of 125 units up for sale, it said today.
The second phase includes 3 bedroom townhouses, 3 bedroom duplexes, 4 bedroom duplexes, 4 bedroom villas and 5&6 bedroom golf front villas. Prices start from AED 2.9mn.
HE Mohamed Khalifa Al Mubarak, CEO of Aldar Properties, said: “With the launch of the second phase we are confident that Yas Acres will be the next successful chapter in the Yas Island story which to date includes residential launches for West Yas, Ansam and Mayan.
In complying with the Emirate’s Real Estate Law, Yas Acres is registered with the Abu Dhabi Municipality and ESCROW accounts are being operated for all purchases.
