UAE developer Aldar Properties has announced that the launch of its new free hold waterfront project, LEA.

LEA will be developed on the northern shores of Yas Island in Abu Dhabi. Featuring 238 residential plots in a prime location adjacent to Aldar’s flagship Yas Acres project, LEA boasts parks, promenades, and waterside walkways. In addition to this, residents benefit from all of the amenities within Yas Acres such as parks, swimming pools, play areas, bbq and picnic areas, schools, mosques and the Yas Acres full length nine hole golf course.

The launch comes following the hugely successful sellout of Alreeman which is a $545 million freehold development located in the Alshamkha area of Abu Dhabi, in January, thus highlighting the significant demand for well-priced land upon which to build a bespoke home.

Yas Island is a core pillar of Aldar’s destination development strategy and features the completed residential communities Ansam and West Yas as well as the under-construction Mayan, Yas Acres and Water’s Edge.

It is the setting for the Abu Dhabi Formula 1 championship, and other attractions such as Yas Mall, Ferrari World, Yas Waterworld and Warner Bros World, multiple hotels and the world renowned Yas Links golf course.

According to Aldar Properties, the project will be selling the land plots of sizes – ranging from 405 square meter to 1,800 square meter – at prices starting from $269,494 onwards to visitors of all nationalities during the Cityscape Abu Dhabi expo which runs from April 16 to 18.

CEO Talal Al Dhiyebi said: “LEA represents a fantastic opportunity for any purchaser tobuy land and build their dream home on Yas Island. We know that there is pent up demand for this type of product, and the runaway success of Alreeman.

Al Dhiyebi added that combining the opportunity to acquire land with all of the attractions and amenities of Yas Island is a hugely compelling proposition that no-one else can offer.

“We look forward to launching sales for LEA at Cityscape when the spotlight can really shine on what makes Abu Dhabi such an attractive place for investment. Also as an opening offer, these plots will be available on an attractive 40/60 payment plan along with a 5% down payment on our stand during the expo.”

Source: Trade Arabia

Fulya Altunyay/[email protected]