Aldar Properties Unveils Gardenia Bay: A Sustainable Oasis on Yas Island

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Abu Dhabi’s leading listed developer, Aldar Properties, has introduced a captivating addition to Yas Island’s real estate landscape – Gardenia Bay. This residential community is designed with a focus on sustainability and well-being, aligning with the UAE’s commitment to green buildings and communities in the evolving global landscape.

Aldar Properties Unveils Gardenia Bay: A Sustainable Oasis on Yas Island
Aldar Properties Unveils Gardenia Bay: A Sustainable Oasis on Yas Island

The commencement of phase one construction is slated for the first quarter of 2024, with anticipated handovers in the second quarter of 2027, as per the company’s announcement to the Abu Dhabi Securities Exchange.

Starting September 8, Aldar is releasing the first wave of 210 units for sale. Prices start at Dh805,000 ($220,000) for studios and Dh3.1 million for three-bedroom apartments. A total of 2,434 units within this community will be made available to the public.

Aldar Properties is bolstering its portfolio of sustainable properties, in harmony with the UAE’s drive towards a greener economy and future. This project reinforces Aldar’s commitment to sustainable living and aligns with the nation’s vision for environmentally responsible development.

Aldar Properties Unveils Gardenia Bay: A Sustainable Oasis on Yas Island
Aldar Properties Unveils Gardenia Bay: A Sustainable Oasis on Yas Island

In partnership with the Abu Dhabi Housing Authority, Aldar is developing the Balghaiylam project, a Dh8 billion residential community in the north-eastern part of Yas Island. This initiative is set to enhance the well-being of citizens and reflects the ongoing economic and cultural growth in Abu Dhabi.

Aldar Investment Properties, the real estate management unit of Aldar, successfully raised $500 million through its debut green sukuk in May. This aligns with Aldar’s growth agenda and sustainability goals. The proceeds from this issuance will be channeled into sustainable projects in line with Aldar’s Green Finance Framework.

Sustainable properties, constructed with eco-friendly materials, offer numerous advantages. They are energy-efficient, reducing carbon footprints and pollution while conserving water. Additionally, they promote healthier lifestyles and feature sustainable amenities like electric vehicle charging stations.

“Gardenia Bay’s design and the integration of nature within the development is centered around Aldar’s commitment towards environmental sustainability and the overall well-being of its communities,” Aldar states. The project will incorporate sustainable practices, including the use of recycled materials, ensuring a harmonious blend of environmental responsibility and innovative design.

The unveiling of Gardenia Bay represents a significant milestone in Aldar’s commitment to sustainability and enhancing the quality of life in the communities it serves. Stay tuned for further updates on this exciting project!

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