Aldar Launches ‘Noya Luma’ On Yas Island Following Rapid Sale Of First Two Phases

Press release
Published May 25th, 2021 - 08:38 GMT
Aldar Launches ‘Noya Luma’ On Yas Island Following Rapid Sale Of First Two Phases
ALDAR Luma Exterior Street
Highlights
Following the success of the first two phases of its Noya development, Aldar Properties (‘Aldar’) has announced the launch of 189 standalone villas at Noya Luma on Yas Island.

Following the success of the first two phases of its Noya development, Aldar Properties (‘Aldar’) has announced the launch of 189 standalone villas at Noya Luma on Yas Island. Noya Luma sits adjacent to the rest of the Noya community on the north side of the island and is open to buyers from all nationalities on a freehold basis.

With significant interest registered in four-bedroom villas during the first two phases, Noya Luma will feature detached villas in three-, four- and five-bedroom layouts in response to customer demand for larger options. All properties within Noya Luma will be standalone villas with increased indoor and outdoor space, with average plot sizes larger than their phase two counterparts. Prices for three-bedroom villas start from AED 2.41 million, while four- and five-bedroom villas start from AED 2.77 million and AED 3.27 million respectively.

Location and community facilities proved to be key drivers of sales at Noya Viva, both of which will be carried over to Noya Luma. The development is located in close proximity to all major road networks and Yas Island amenities and includes exclusive recreational facilities and gardens that will ensure it is the perfect environment to live, work and play.

Noya Luma also offers direct access to The Village, the community focal point within the Noya development masterplan. The publicly accessible community centre is set to feature shops and cafes, sports, fitness, and health and wellbeing facilities, a mosque and a library. The Village will also be home to a leading British curriculum school, operated by Aldar Academies, that will cater to the island’s growing population.

Commenting on the launch of Noya Luma, Rashed Al Omaira, Chief Commercial Officer at Aldar Development, said: “The strong response to the first two phases of the Noya development reflects renewed consumer confidence, and confirmation that Abu Dhabi’s real estate market is going from strength to strength. We continue to consult with our customers to ensure that the products we offer meet their needs, allowing us to deliver properties that address gaps in the market. Noya Luma is a prime example of this, and it will strongly complement our existing portfolio of high-quality assets on Yas Island, one of the Emirate’s premier destinations.”

Customers interested in purchasing a home at Noya Luma can contact Aldar’s Sales Centre. To provide peace of mind to customers wishing to visit in person, thorough precautionary measures in line with government regulations have been implemented across Aldar’s Sales Centres.

Construction of Noya Luma is due to begin in November 2021, with handovers expected to commence in February 2024. Noya Luma is the latest addition to Aldar’s residential portfolio on Yas Island, which includes Noya, Noya Viva, Yas Acres, Water’s Edge, Lea, Ansam and Mayan.

Yas Island is a leading leisure and entertainment destination home to the Yas Links Golf Course, Yas Mall, Ferrari World, CLYMB, Du Arena, Yas Beach, Yas Waterworld and Warner Bros World. The one-of-a-kind tourist destination and vibrant residential hub also comprises of numerous luxury villas, apartments, and hotels.

Background Information

Aldar Properties

Aldar Properties PJSC, is the leading real estate developer in Abu Dhabi, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.

From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate of Abu Dhabi.

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