{"id":15094,"date":"2016-06-01T22:18:20","date_gmt":"2016-06-01T15:18:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=15094"},"modified":"2016-06-01T20:21:10","modified_gmt":"2016-06-01T13:21:10","slug":"two-deals-help-aldar-sell-majority-of-off-plan-properties-on-yas-development","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-deals-help-aldar-sell-majority-of-off-plan-properties-on-yas-development\/","title":{"rendered":"Two deals help Aldar sell majority of off-plan properties on Yas development"},"content":{"rendered":"


\nTwo bulk property deals helped Abu Dhabi’s largest listed developer Aldar Properties to sell three-quarters of the off-plan flats in the first phase of its Mayan development on Yas Island, the developer said.Aldar sold 75 per cent of the 512 flats in the first phase of the development – equating to 384 units – in the six months since the Dh980 million project was launched.Aldar said that it had sold two of the five buildings which make up the first phase of the development on bulk deals to investors. It declined to say how many flats were included in each of the bulk deals or to give the names of the off-plan investors.Developers tend to opt for bulk sales deals when the market is slow even though they usually make less money per apartment, but this is something which can be offset against a large number of guaranteed sales.According to property broker JLL, Abu Dhabi house prices remained flat last year, after rising about 25 per cent a year in 2013 and 2014, as affordability levels became stretched and the government cut spending following the slump in oil prices.Weak demand led the broker to warn that prices could come under downward pressure if transaction volumes remain low.”In addition to this demand from end users, Mayan is capturing the interest of serious investors who recognise the potential for yield and capital gain. In fact the selling out of a pair of our buildings within Mayan is the result of two bulk deals – further indication of the resilience of the Abu Dhabi real estate market,” said Mohamed Al Mubarak, the Aldar chief executive.Mayan, which will be located between Yas Plaza, Yas Beach and Yas Links golf course, is eventually planned to include 800 units with a total sales value of Dh1.5 billion.Aldar said that enabling works on the project have commenced with main construction due to start in the third quarter, while handover is scheduled to take place during 2018.lbarnard@thenational.aeFollow The National’s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Two deals help Aldar sell majority of off-plan properties on Yas development<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Two bulk property deals helped Abu Dhabi’s largest listed developer Aldar Properties to sell three-quarters...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-15094","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-3Vs","jetpack-related-posts":[{"id":21650,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-properties-q2-net-profit-up-9-7-despite-property-slowdown-in-abu-dhabi\/","url_meta":{"origin":15094,"position":0},"title":"Aldar Properties Q2 net profit up 9.7% despite property slowdown in Abu Dhabi","date":"August 2, 2016","format":false,"excerpt":"\r Second quarter profits at Aldar Properties rose by nearly a tenth despite a slowdown in the city's property market.Abu Dhabi's largest listed house builder said profits for the three months to the end of June rose 9.7 per cent compared with the same period a year ago to Dh657.3\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27159,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-to-start-selling-homes-at-third-phase-of-yas-acres\/","url_meta":{"origin":15094,"position":1},"title":"Aldar to start selling homes at third phase of Yas Acres","date":"September 25, 2016","format":false,"excerpt":"\r Aldar will on October 4 start selling 260 villas and town houses under the third phase of its Dh6 billion Yas Acres, the Abu Dhabi developer's flagship golf and waterfront development on Yas Island.The project for the first time will offer two-bedroom town houses, alongside three-bedroom town houses and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":55615,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-to-build-twofour54s-yas-home\/","url_meta":{"origin":15094,"position":2},"title":"Aldar to build twofour54's Yas home","date":"May 22, 2017","format":false,"excerpt":"\r The media and entertainment free zone twofour54 in Abu Dhabi said it has appointed Aldar Properties, the emirate's biggest listed developer, to build its new home on Yas Island.The project is part of a Dh12 billion development of the southern part of Yas Island by the master developer Miral\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1153,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/arabtec-awarded-dh2bn-contract-to-build-1017-villas-on-abu-dhabis-yas-island\/","url_meta":{"origin":15094,"position":3},"title":"Arabtec awarded Dh2bn contract to build 1,017 villas on Abu Dhabi’s Yas Island","date":"January 11, 2016","format":false,"excerpt":"\r \r Dubai contractor Arabtec has been awarded a Dh2 billion contract by Abu Dhabi\u2019s Aldar Properties to build 1,017 villas on Yas Island.The contract represents the final package to be awarded for the West Yas development following infrastructure, public realm, school, clubhouse, retail and mosque packages, Aldar said in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-sells-dh1-billion-of-homes-at-yas-acres-ready-to-launch-second-phase\/","url_meta":{"origin":15094,"position":4},"title":"Aldar sells Dh1 billion of homes at Yas Acres, ready to launch second phase","date":"June 15, 2016","format":false,"excerpt":"\r Aldar Properties has said that it will launch the second phase of its Dh6 billion Yas Acres project after generating more than Dh1bn by selling out the first phase.The company said that it plans to start selling 125 homes under the second phase, which will be a mix of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23193,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/aldar-properties-extends-loans-on-strong-interest-only-terms\/","url_meta":{"origin":15094,"position":5},"title":"Aldar Properties extends loans on strong interest-only terms","date":"August 17, 2016","format":false,"excerpt":"\r Aldar Properties has refinanced Dh1.8 billion of debt as Abu Dhabi's largest developer seeks to reduce its interest burden. The company said yesterday that it had completed the refinancing for a portfolio of existing bank loans due to mature by 2018 with three banks on interest-only terms for loan\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15094"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=15094"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15094\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=15094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=15094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=15094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}