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English news

08-Dec-2016

Aldar opens West Yas to all nationalities and offers flexible payment plans to attract more buyers

Aldar Properties (Aldar) opened up sales of off-plan villas at its West Yas development to all nationalities. Aldar was marketing the development of 1,017 four-bedroom and five-bedroom villas on Yas Island last year exclusively to Emiratis. The villas, located along the island’s mangroves, are expected to be handed over to buyers at end of next year. Aldar said prices start from AED4.3mn, and the villas range from 600 sqm to 800 sqm in size. The company said it was offering buyers a payment plan where they could pay 25% during construction and 75% upon handover, with a down-payment of 5% of the purchase price. (The National)   Aldar Properties (AD): AED2.66 as of 07 December 2016, Rating: Buy, TP: AED3.37 per share, MCap: USD5,699mn, ALDAR UH / ALDR.AD

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