Aldar sells out second phase of Water’s Edge, bringing project’s total sales to AED800mn
Aldar Properties (Aldar) has sold out the second phase of Water’s Edge, bringing the total sales value of all units launched to more than USD217.8mn (AED800mn). Phase two of Water’s Edge was launched on 18 November, comprising three apartment buildings. Phase one was sold out earlier in September, when showcased at Cityscape Global 2017. Water’s Edge is a USD653.4mn (AED2.4bn) residential waterfront development in Yas Island, consisting of 13 apartment buildings with private courtyards, landscaped areas, swimming pools, multipurpose courts, and a mosque.
Aldar Properties (AD): AED2.19 as of 19 Nov. 2017, Rating: Buy, TP: AED2.81/share, MCap: USD4,692mn, ALDAR UH/ALDR.AD
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