Aldar Properties recently announced the launch of the Magnolia at Yas Acres, which is the third phase of its flagship development, Yas Acres, on Yas Island, Abu Dhabi, according to media reports. The construction of the project is expected to begin in the fourth quarter of 2021 and is expected to be completed by the third quarter of 2024.
The third phase of this already popular property includes 312 new spacious villas and townhouses that are available for purchase by all nationalities from 4 September.
The construction of properties in Redwoods, Aspens and Cedars are already completed, which is the second phase of Yas Acres. In this latest project, customers will enjoy all the existing amenities Yas Island and Yas Acres has to offer along with the access to the breathtaking golf course view for those exclusive front-line villas.
After the construction of this project is completed, residents will enjoy access to a school, mosques, retail and F&B outlets, ample green spaces and community pools, world class shopping and entertainment destinations, all of which will be available in the Yas Island itself.
Yas Acres has become one of the most popular communities in Abu Dhabi with the current occupancy rate of the property stands at 95 percent. The Magnolia Properties are being built keeping in mind to provide a more well-balanced lifestyle by providing a more efficient and spacious floor plan to meet the current desire of customers for extra space to live, work and relax. The property boasts larger bedrooms, pantries, studies, laundry rooms and storage areas.
Interested buyers in Magnolia Properties can choose from two-, three-, and four-bedroom townhouses, three- and four-bedroom duplexes, and four-, five- and six-bedroom villas, many of which are golf course facing.
Rashed Al Omaira, Chief Commercial Officer at Aldar Development told the media, “ Following the success of our recent launches on Yas Island, we expect to see high demand for these homes, particularly from younger buyers looking for either an investment foothold or to lay down family roots in one of Abu Dhabi’s most desirable locations.
Furthermore, the upcoming handover of twofour54’s Yas Creative Hub in Yas South is set to bring a working population of over 10,000 to the island, and Yas Acres provides an ideal community for employees who will relocate their families closer to their workplace.”