Aldar’s Water’s Edge Sells out Generating Over AED 800 Million in Sales

Abu Dhabi - UAE, November 19, 2017: Aldar Properties PJSC (Aldar), Abu Dhabi's leading listed property development, investment and management company, today announced that it has sold out the second phase of Water's Edge, the Company's latest waterfront development on Yas Island, bringing the total sales value of all units launched to over AED 800 million. Customers turned out in force at the Aldar Sales Centre to buy their new homes in Abu Dhabi's most exciting destination, following the sales launch of three apartment buildings within Water's Edge on Saturday, 18 November. Commenting, Talal Al Dhiyebi, Chief Executive Officer, Aldar Properties PJSC, said: "We are delighted to have sold out these two phases of Water's Edge in such a short space of time. The exceptional response demonstrates customer confidence in Aldar's developments and our ability to create communities in which people want to live.

The continued demand for homes on Yas Island further solidifies the destination's reputation as one of Abu Dhabi's most desirable locations." Water's Edge offers the complete outdoor lifestyle, with pedestrian access to all amenities including a waterfront promenade with multiple dining and retail options. The 13 apartment buildings will be complemented by private courtyards with spacious landscaped areas, pools, multipurpose courts and a mosque. With a balcony in each home, residents will be able to take in stunning waterfront views. The location of Water's Edge is adjacent to SeaWorld Abu Dhabi, which is set to open in 2022, and only a five-minute walk from Yas Mall, Ferrari World and the Yas Marina Circuit. In addition, Yas Island is also home to seven hotels, Yas Beach, and Yas Links Golf & Country Club. It will also welcome the Warner Bros. World Abu Dhabi theme park in 2018. Yas Island is a destination for major Government investment, with the upcoming AED 12 billion South Yas development, incorporating the new, state of the art twofour54 campus being developed by Aldar, which will bring 10,000 media and entertainment industry professionals to the island.