Built to inform

Sign up for the daily newsletters

No, Thank you

Aldar says Lea homes at Abu Dhabi's Yas Island to meet 'pent-up demand'

PICTURES: CEO Talal Al Dhiyebi says "runaway success of Alreeman" proves appetite for home-ownership at Yas Island

Aldar will develop Lea at Yas Island.
© Aldar
Aldar will develop Lea at Yas Island.

Abu Dhabi real estate development giant Aldar has unveiled its Lea waterfront residential project on Yas Island – the home of Yas Mall, Ferrari World, and Warner Bros World – in response to what chief executive officer, Talal Al Dhiyebi, described as “pent-up demand” for such properties in the UAE capital.

Sales for Lea’s land plots will be launched at Cityscape Abu Dhabi 2019, which is due to be held on 16-18 April. Plot sizes range from 405m2 to 1,800m2, with prices starting at $269,500 (AED990,000).

Lea features 238 residential plots [© Aldar].

All nationalities will be able to purchase plots at Lea, Aldar said in a statement.

Lea comprises 238 residential plots and is located adjacent to the Yas Acres development. The project’s launch follows the unveiling of Alreeman in January, which generated sales of $435.5m (AED1.6bn).

Commenting on the project, Al Dhiyebi said: “We know that there is pent-up demand for this type of product, and the runaway success of Alreeman […] supports that.

Talal Al Dhiyebi revealed details about Lea [© Aldar].

Combining the opportunity to acquire land with all of the attractions and amenities of Yas Island is a hugely compelling proposition that no one else can offer.”

Yas Island is a key development hub for Aldar, which is currently building the Mayan, Yas Acres, and Water’s Edge projects within the mixed-use district. 

Most popular


Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the


CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 759
Feb 22, 2020