Aldar to launch third phase of Water’s Edge this week
Aldar Properties (Aldar) has announced that it will release more apartments for sale in Water’s Edge, the company’s waterfront development on Yas Island on Tuesday (12 Dec). The new launch will comprise studios to three-bedroom apartments, with prices starting from AED500,000. Last month, Aldar announced that it had sold out the second phase of Water’s Edge, bringing the total sales value of the project to date to AED800mn. Water’s Edge is scheduled to begin phased handovers between June and December 2020, according to Talal Al Dhiyebi, company CEO.
Aldar Properties (AD): AED2.18 as of 7 Dec. 2017, Rating: Buy, TP: AED2.81/share, MCap: USD4,671mn, ALDAR UH/ALDR.AD
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