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UAE’s Aldar to showcase projects at property event in Riyadh

Aldar Properties PJSC has announced that it will be participating at the Restatex Cityscape Riyadh, which will be held from 27-30 September, 2017, in Saudi Arabia

Aldar will showcase Water's Edge at Restatex Cityscape Riyadh 2017.
Aldar will showcase Water's Edge at Restatex Cityscape Riyadh 2017.

Aldar Properties PJSC has announced that it will be participating at the Restatex Cityscape Riyadh, which will be held from 27-30 September, 2017, in Saudi Arabia.

The Abu Dhabi-based property development, investment, and management company said that its showcase at the event will highlight its projects on Yas Island, including Water’s Edge.

Launched in the first week of this month, Water’s Edge generated $109m (AED400m) in sales for Aldar when its Phase 1 sold out at Cityscape Global 2017, held recently in Dubai.

According to the developer, more units of the $653.4m (AED2.4bn) project will be available for sale soon.

Talal Al Dhiyebi, chief development officer of Aldar Properties, commented: “Aldar is proud of its role in Abu Dhabi’s ongoing evolution, providing high-quality real estate developments in key locations around the Emirate.

“Saudi Arabia has become an increasingly important market for us, and we look forward to engaging with Saudi investors at Restatex Cityscape Riyadh.”

Aldar has delivered more than 23,000 homes across Abu Dhabi, with more than 3,500 under development on Yas Island.

A waterfront property that features 2,255 apartments, ranging from studios to three-bedroom units, Water’s Edge is expected to commence construction in Q4 2017 and be ready for handover in 2020.

In July this year, Informa Exhibitions and Ramtan Exposition & Conference, the organisers of Cityscape and Restatex respectively, announced that they had partnered to launch Restatex Cityscape Riyadh 2017, reportedly the largest real estate event in Saudi Arabia.

The two companies will also bring the event to Jeddah next year. Restatex Cityscape Jeddah 2018 is scheduled to run from 6-9 February.

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