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Aldar: 75% of Mayan waterfront project sold out

Over 75% of Mayan - a luxury golf and waterfront development - has now been sold, Aldar said in a statement

Mayan consists of five buildings with a gross development value of $266.8m and 512 units.
Mayan consists of five buildings with a gross development value of $266.8m and 512 units.

Aldar Properties has announced that over 75% of its Mayan development has now been sold.

The first phase of the luxury golf and waterfront project consists of five buildings with a gross development value of $266.8m (AED980m) and 512 units.

According to the developer, two of the five buildings have sold out completely.

Situated on Yas Island, Mayan comprises studios, one-, two-, three- and four-bedroom apartments and a select number of villas.

Enabling works are underway at the projects, which was launched in November last year, with main construction due to start in the third quarter of 2016.

The handover is scheduled to take place during 2018.

Mohamed Khalifa Al Mubarak, CEO at Aldar Properties, said: “We are really encouraged by the performance of Mayan to date – particularly as we close in on selling out across the development.

"We still have inventory remaining, but we are well placed to begin construction later this year, having already commenced with enabling works on site. We have been pleased with the response from the end user market, demonstrating a healthy appetite for high quality residential community living on Yas Island.”
 

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