According to a press release issued by the company, the project achieved sales of one billion dirhams, bringing the company’s total sales for this year to more than 3 billion dirhams.
And the “Noya” project, which is located in an investment area on Yas Island, and therefore all its units are available for free ownership by all nationalities, as the percentage of Emirati buyers reached 60% while the percentage of buyers of other nationalities was 40%.
The construction work for the Noya project will start in the second quarter of 2021, with the units to be delivered in the second quarter of 2023.
“Noya” is the second residential project developed by “Aldar Properties” on Yas Island, after the “Waters Edge”, “Ansam”, “West Yas”, “Yas Acres” and “Mayan” complexes.
It is noteworthy that Talal Al-Dhiyabi, CEO For Aldar Real Estate Company, Confirmed earlier The company will go ahead In investing in development projects under implementation and expanding its investment portfolio as well.
He mentioned the company She continued to record strong performances During this difficult year, it was able to achieve lucrative profits thanks to the great diversity in its business model, according to a press release.
Talal Al-Dhiabi explained that the company relies on two major business sectors, which include a large and diversified portfolio of revenue-generating investments as well as development work for major sites in Abu Dhabi.
“This provides the company with strong cash flow and revenue projection, in addition to achieving significant growth in revenues and profits.”
Regarding the profits of the third quarter, it recorded 416 million dirhams, compared to 387 million dirhams in the third quarter of the year ending, an increase of 8 percent, while profits for the nine months amounted to 1.20 billion dirhams.
Its revenues increased by 30 percent year-on-year to reach 2.1 billion dirhams during the third quarter of 2020, compared to about 1.61 billion dirhams in the same period last year.