Aldar showcases its latest development on Yas Island at Restatex Cityscape in Riyadh

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<Aldar Properties, Abu Dhabi's leading real estate development, investment and management company, today announced its participation in the Riyadh Real Estate and Urban Development Exhibition “Restatex Cityscape 2017”, which kicks off today and runs until September 30 at the Riyadh International Convention and Exhibition Center.

Riyadh Cityscape 2017

Water's Edge

Water's Edge

On the sidelines of its participation in the exhibition, which is considered one of the largest and most pioneering in the GCC, Aldar will showcase its latest development project “Waters Ag” located on Yas Island, the most exclusive destination in the UAE capital Abu Dhabi, as well as informing customers and investors about the emirate's assets and investment opportunities offered by the real estate sector and its leading role in developing one of the fastest growing sectors.

Riyadh International Convention and Exhibition Center.

AED400 million in sales at Cityscape Global

Aldar recently announced the sale of all the units in the first phase of the AED 400 million Water's Edge project during its participation in the Cityscape Global exhibition hosted by Dubai, with more units to be offered for sale in subsequent phases soon. The project has attracted wide interest from investors and buyers wishing to take advantage of the advantages offered by Yas Island as an ideal living destination, as well as realizing total rental revenues that could reach approximately 8%.

The project has attracted the attention of investors and buyers wishing to take advantage of the advantages offered by Yas Island as an ideal destination for living, as well as the total rental income of approximately 8%.

The Saudi market is the most important platform

Commenting on the participation, Talal Al Dhiabi, Chief Development Officer at Aldar Properties, said:

Talalal Al Dhiabi, Chief Development Officer at Aldar Properties, said <“At Aldar, we are proud to be part of Abu Dhabi's continued development and to play a pivotal role in delivering high-quality real estate in prime destinations. Our approach has proven successful so far, as evidenced by strong sales figures across all our destinations, our diverse customer base and our ability to offer projects that cater to the needs of all segments of the community, from middle-income earners to luxury seekers. Water's Edge, which sold out its initial phase within two days, has attracted significant interest from investors looking for good financial returns, as well as homeowners looking to relocate to Yas Island. Saudi Arabia has become one of the most important markets for us, and we look forward to connecting with Saudi investors at Restatex Cityscape in Riyadh.”