Aldar Generates AED 1 Billion In Sales As It Sells Out Yas Acres First Phase

Abu Dhabi - UAE, June 15, 2016: Aldar Properties PJSC (Aldar), Abu Dhabi's leading listed property development, investment and management company, today announces that it has sold out the first phase of 267 units at Yas Acres, generating AED 1 billion in sales. As a result of this strong demand for villas on Yas Island, the second phase of units within Yas Acres will now be released for sale.

Public sales for the 125 units that make up the second phase will commence on Saturday 18th June 2016 at Aldar's new Yas Acres sales centre on Yas Island. 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 2.9 million.

Commenting, HE Mohamed Khalifa Al Mubarak, Chief Executive Officer, Aldar Properties PJSC, said: We are extremely pleased by the response that the first phase of Yas Acres has generated. With the launch of the secondphase 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. A major focus for us is to deliver products that suit the current and future needs of the Emirate, and the feedback so far indicates that Yas Acres is a good fit for the market.

We believe that Yas Acres represents everything that people, and families in particular, will want from a home.  The quality of the villas and townhouses and the design of the community will make Yas Acres one of Abu Dhabi's most attractive places to live. It will benefit from proximity to great amenities both within the development and on the rest of Yas Island,a core component of Aldar's destination development strategy.

Those interested in Yas Acres will have the opportunity to view models, 3D renderings, architectural drawings, a film and the project's entire master plan at Aldar's new sales centre next to Yas Links golf course. This new centre has been designed to bring customers closer to the Yas Acres experience by providing an immersive experience. Open weekdays from 9-5 and Saturdays from 10-6, visitors and guests will be warmly greeted by knowledgeable staff on hand to guide them through the home buying experience. In addition, Aldar will provide guests with hospitality including free valet parking, a children's play area and complimentary café offerings.

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.

For more information on Yas Acres, please visit the Microsite.