Successful launch of Gardenia Bay

Gardenia Bay by Aldar Properties has attracted strong interest from global buyers. The first phase of the community sold out in just 24 hours.
Sep 13, 2023

The first three buildings of the Gardenia Bay complex were listed on the market and sold out in 24 hours, and according to the developer, most of the buyers are new customers of Aldar Properties. Among the future owners of Gardenia Bay, 40% are expats and 37% are Emirati citizens. The remaining 23% of purchases were made by clients from all around the world, indicating the project's global appeal.

The sales success is mainly attributed to Gardenia Bay's prime location along the canal that wraps around Yas Island. This area of Abu Dhabi is consistently attracting investors and buyers who are looking for a waterfront living environment.

Adjacent to the community is the expansive Yas Park, and just a short drive away takes residents to other iconic destinations on the island, such as Ferrari World Abu Dhabi, SeaWorld Abu Dhabi, Yas Mall and Yas Acres Golf & Country Club.

Despite its prestigious setting, the prices for real estate in the complex are quite competitive. A studio was available for AED 805K (USD 219K), while the minimum price of a three-bedroom apartment was AED 3.1M (USD 844K).

Construction works are scheduled to begin in early 2024. Significant investor demand has prompted Aldar Properties to prepare for the launch of the next Gardenia Bay phases. The developer expects increased demand and sales growth as the project progresses.