- Aldar and Diamond Developers join forces to deliver unique sustainable experiences to customers in Abu Dhabi
- A destination to live, work and thrive with ample green open space, leisurely sidewalks and community farmland
- 512 residential units can be purchased in the first phase of the project
Abu Dhabi, UAE: Aldar Properties (“Aldar”), in partnership with Diamond Developers, has launched Sustainable City – Yas Island, a sustainability-focused community offering residents of Abu Dhabi a new way of life. Built on the strengths of sustainable urban Dubai, this family-friendly development is a walkable neighborhood surrounded by open green spaces, leisurely sidewalks and community farmland.
The project is supported by a central green spine that runs through the entire neighborhood, including parks, lakes, and bio gardens, where vegetables will be grown and distributed throughout the neighborhood. With a strong focus on creating an active community, Yas Island Sustainable City will also feature a range of public facilities and amenities, including an equestrian center with stables, a running track and two arenas, a gym and multiple swimming pools, cycling and jogging tracks , football, basketball and cricket pitches, retail and F&B outlets, nursery, autism center and a green and sustainable mosque.
Within the low-emissions community, a network of public battery-charging strollers and bicycles will be provided so residents and visitors can move around while their cars remain parked on the outer fringes of the development. The neighborhood’s design philosophy focuses on improving walkability and accessibility at all levels.
Sustainable City – Yas Island is open to buyers of all nationalities, with apartments and townhouses spread across 10 intimate clusters. In the first phase of the project, 272 apartments and 240 townhouses will go on sale to the public on January 19. Apartments are available in one-, two- and three-bedroom formats, and the average price per bed is AED 892,000. The development also offers three- and four-bedroom townhouses, with an average three-bedroom price tag of Dh3.24 million.
Jonathan Emery, CEO of Aldar Development, said: “Sustainable City – Yas Island is a landmark project for Aldar and reflects our commitment to deliver an increasingly diverse selection of living experiences to meet the life our local and overseas customers tell us they want This new community is a strong response to the strong demand we are seeing for a more sustainable lifestyle, with a more environmentally conscious customer base emerging, They seek natural lifestyle experiences focused on low carbon emissions, energy conservation and the fundamental principles of a circular economy. The community will work with Diamond Developers, experts in sustainable city creation and management, and advocates for placemaking and a low-carbon future, to provide Energize.
Sustainable City – Yas Island is a fully sustainable community that will be guided by three pillars of sustainable development – social, environmental and economic. One of the few Estidama Three Pearl communities in Abu Dhabi, the development will be powered by clean, renewable energy, including solar panels embedded in all parking structures, enabling residents to save up to 50% on their energy bills. Additionally, efficient water systems, sustainable technologies, community design principles, and recycling facilities within the community will help reduce carbon emissions, water consumption, energy use, and waste.
Salah Habib, CEO of Diamond Developers, said: “Cities need to forge a path to net zero emissions, taking into account city-specific characteristics such as building materials, food production and transport solutions. Sustainable City – Yas Island marks our support for the UAE A major milestone in the goal of net zero emissions. The community will give residents of Abu Dhabi the opportunity to live in a sustainable community with access to clean energy, locally grown food, reclaimed water and a carbon-free flow of waste. The community will also Employing the latest innovations in sustainable technology, the community of Abu Dhabi is at the forefront of the fight against climate change. We are proud to work with Aldar to bring this pioneering community to life.”
Sustainable Cities – Yas Island, announced during Abu Dhabi Sustainability Week in January 2022, is the product of a joint venture with Diamond Developers, the mastermind behind the Sustainable Cities brand. Construction on the project will begin in the second quarter of 2023, with the first handover expected in the fourth quarter of 2025.
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Aldar Properties PJSC is a leading real estate developer and management company in the UAE, with a diversified and sustainable operating model centered around two core businesses: Aldar Development and Aldar Investment.
Aldar Development is a leading developer of integrated, liveable and thriving communities in Abu Dhabi’s most desirable destinations including Yas Island, Saadiyat Island, Al Raha and Reem Island. It is responsible for developing Aldar’s c. 69 million square meter land bank and comprises three businesses: Aldar Ventures, which incubates and nurtures new business opportunities and innovation areas; and Aldar Egypt, a platform focused on developing mixed-use communities in Egypt.
Aldar Investment owns Aldar’s core asset management business comprising over AED30 billion of investment grade portfolio and income generating real estate assets diversified across retail, residential, commercial, hospitality and logistics. Aldar Logistics owns 70% of Abu Dhabi Commercial Centre, a strategically located warehouse, industrial and office complex in Abu Dhabi Industrial City with a gross net leasable area of c. 166,000 square meters. Aldar Investment also manages three core platforms: Aldar Education, Aldar Estates and Aldar Hospitality and Leisure. Aldar Education comprises Aldar’s entire education portfolio, with nearly 33,000 students across 28 operated and managed schools, and a growing network of 3,000 educators from over 100 countries, offering a wide range of courses and Ancillary services, such as teacher training colleges. Aldar Estates will integrate Aldar’s retail operations with its existing residential and commercial real estate operations within Provis and will further integrate community management into an integrated property management platform. Aldar Hospitality and Leisure manages Aldar’s portfolio of hospitality and leisure properties located on Yas and Saadiyat Islands and around Ras Al Khaimah. It includes Aldar’s 13 hotel portfolio, comprising over 4,250 hotel keys, and manages the operations of golf courses, beach clubs and marinas.
Aldar, whose shares are traded on the Abu Dhabi Stock Exchange (stock quote: ALDAR: UH), is a profitable, cash-generating business that provides recurring income and benefits from a diverse and supportive shareholder base. Aldar operates in accordance with high standards of corporate governance and is committed to running a long-term and sustainable business in order to deliver continued value to its shareholders.
Aldar’s vision is to be the region’s leading real estate developer and manager, playing a key role in developing quality, amenity and desirable destinations where people can live, work and visit.
For more information on Aldar, please visit www.aldar.com