Ohana Development has achieved Dhs 6 billion in sales within 72 hours for its Manchester City Yas Residences project, a gated waterfront community along Yas Canal in Abu Dhabi, setting a new record in the emirate’s real estate market.
Investors showed strong interest at the launch, with 35% of buyers being Emiratis and 65% expatriates and international investors. The developer is expected to release additional units in response to demand.
Husein Salem, CEO of Ohana Development, said: “We would like to express our sincere appreciation to the UAE government and its visionary leadership for fostering a stable and forward-looking investment environment. This strong foundation continues to strengthen confidence among investors and developers, supporting the resilience and growth of Abu Dhabi’s thriving real estate sector, despite any evolving circumstances.”
He added: “The strong response to Manchester City Yas Residences by Ohana, and the sales record in just 72 hours, reflects the continued trust from investors locally and internationally, as well as the appeal of the project’s unique offering in the emirate.”
The 1.67 million square metre community dedicates more than 55% of its masterplan to landscaped gardens and green spaces. Designed around sport and active living, the development includes training and recovery facilities, a waterfront promenade with retail, dining and lifestyle destinations, a marina sports club with water sports activities, and resort-style amenities such as fitness facilities and pools.
tanvir@dubainewsweek.com
