Latest news with #JonathanEmery
Zawya
5 days ago
- Business
- Zawya
Aldar announces launch day sell-out of all 133 homes at Waldorf Astoria Residences
ABU DHABI: Aldar has announced the launch day sell-out of all 133 homes at Waldorf Astoria Residences Yas, the first ever branded residential development on Yas Island generating AED 850 million in sales. The development attracted a broad range of buyers with its world-class amenities, legendary Waldorf Astoria service, and prime location on Yas Island. Expatriate residents and international investors account for 76% of total sales, with the remaining 24% attributed to UAE nationals. Global demand was led by buyers from the UK and China reflecting the international appeal of Yas Island due to its position as one of the region's most vibrant destinations. Notably, 66% of buyers were under the age of 45, highlighting strong demand for luxury, hospitality-driven living among younger demographics. Additionally, 68% of sales were to first-time Aldar buyers, reflecting the expanding reach and appeal of Aldar's residential offerings. The project brings Hilton's iconic Waldorf Astoria brand to Abu Dhabi for the first time, setting a new benchmark for luxury living in the capital. Commenting on the sales performance, Jonathan Emery, Chief Executive Officer at Aldar Development said: 'The sell-out of Waldorf Astoria Residences Yas marks a significant milestone for Aldar and highlights the attractiveness of Yas Island both as an investment destination and prime residential address. As the island's first branded residential offering, its overwhelming success is a strong indicator of the rising demand for luxury, hospitality-led living in Abu Dhabi and the universal appeal of the Waldorf Astoria brand.' Waldorf Astoria Residences Yas comprises an exclusive collection of elegantly furnished homes, including one-to-three-bedroom apartments, duplexes, and luxurious four-bedroom penthouses. The development is strategically located along the iconic Yas Links Golf Course, with sweeping views of both the lush fairways and the world-famous Yas Marina Circuit, home to the Formula 1 Etihad Airways Abu Dhabi Grand Prix.
Arabian Business
6 days ago
- Business
- Arabian Business
Aldar sells out all 133 units of Waldorf Astoria residence in a day
Aldar said all 133 homes at Waldorf Astoria Residences Yas, the first ever branded residential development on Yas Island, were sold out on the day of launch, generating AED850 million (US$231.45 million) in sales. With its world-class amenities and prime location on Yas Island, coupled with the legendary Waldorf Astoria service, the development attracted a broad range of buyers. The project brings Hilton's iconic Waldorf Astoria brand to Abu Dhabi for the first time. International investors and expatriate residents accounted for 76 per cent of the total sales, with UAE nationals picked up the remaining 24 per cent. Global demand was led by buyers from the UK and China. Interestingly, 66 per cent of buyers were under the age of 45, highlighting strong demand for luxury hospitality-driven living among younger demographics, while 68 per cent of sales were to first-time Aldar buyers, reflecting the expanding reach and appeal of its residential offerings. Jonathan Emery, Chief Executive Officer at Aldar Development, commented: 'The sell-out of Waldorf Astoria Residences Yas marks a significant milestone for Aldar and highlights the attractiveness of Yas Island both as an investment destination and prime residential address. 'As the island's first branded residential offering, its overwhelming success is a strong indicator of the rising demand for luxury, hospitality-led living in Abu Dhabi and the universal appeal of the Waldorf Astoria brand.' Waldorf Astoria Residences Yas comprises a collection of elegantly furnished homes, including one-to-three-bedroom apartments, duplexes, and luxurious four-bedroom penthouses. It is strategically located along the iconic Yas Links Golf Course, with sweeping views of both the golf course, home to DP World Tour's Abu Dhabi HSBC Championship, and Yas Marina Circuit, home to the Formula 1 Etihad Airways Abu Dhabi Grand Prix.
The National
6 days ago
- Business
- The National
Aldar's new Yas Island homes all sold for $231m
Aldar Properties, Abu Dhabi's biggest listed developer, has generated Dh850 million ($231.4 million) by selling out all homes at Waldorf Astoria Residences Yas, the first branded residential development on Yas Island, after high demand. The company sold all 133 homes on launch day, Aldar said in a statement on Monday to the Abu Dhabi Securities Exchange, where its shares are traded. Expatriates and international investors accounted for 76 per cent of the buyers, with the remaining 24 per cent UAE citizens. Global demand was led by customers from the UK and China. 'The sell-out of Waldorf Astoria Residences Yas marks a significant milestone for Aldar and highlights the attractiveness of Yas Island both as an investment destination and prime residential address," said Jonathan Emery, chief executive at Aldar Development. The UAE's property market continues to perform strongly, in part due to government initiatives such as residency permits for retired people and remote workers, as well as the expansion of the 10-year golden visa programme and overall growth in the UAE's economy amid diversification efforts. Residential property sale prices in Abu Dhabi rose by 11 per cent annually last year amid rising demand and a supply shortage in the emirate, real estate company Cushman & Wakefield Core reported. The Abu Dhabi Real Estate Centre reported that total transaction value in the emirate grew by 34.5 per cent to Dh25.3 billion in 6,896 deals in the first quarter of 2025, compared with Dh18.8 billion from 5,773 transactions in the same period of last year. An influx of wealthy people is also supporting the property market. Last year, 7,200 millionaires arrived in the UAE, building on the 4,700 who arrived in 2023 and 5,200 in 2022, property consultancy Knight Frank said in a report. The number of dollar millionaires in the UAE was 130,500 at the end of December, making the Emirates the world's 14th-largest wealth market. Waldorf Astoria Residences Yas, with furnished homes, including one, two and three-bedroom apartments, duplexes, and luxurious four-bedroom penthouses, was unveiled this month. It came after Miral announced a Disney theme park will be built on Yas Island in partnership with the Walt Disney Company. Other attractions on Yas include Ferrari World, Warner Brothers, Sea World Abu Dhabi and Yas Waterworld, all adding to the tourism potential of the island. Last year, more than 38 million visitors visited Yas Island, 10 per cent more than the previous year, and theme park visits rose by 20 per cent, Miral said.
Zawya
6 days ago
- Business
- Zawya
Yas Island's global appeal continues with launch day sell out of the first branded residences on the island
Buyers from UAE, UK, and China represent the top three nationalities, with expatriate residents and overseas buyers accounting for 76% of total sales First-time buyers of an Aldar property account for 70% of units sold Abu Dhabi, UAE: Aldar has announced the launch day sell-out of all 133 homes at Waldorf Astoria Residences Yas, the first ever branded residential development on Yas Island generating AED 850 million in sales. The development attracted a broad range of buyers with its world-class amenities, legendary Waldorf Astoria service, and prime location on Yas Island. Expatriate residents and international investors account for 76% of total sales, with the remaining 24% attributed to UAE nationals. Global demand was led by buyers from the UK and China reflecting the international appeal of Yas Island due to its position as one of the region's most vibrant destinations. Notably, 66% of buyers were under the age of 45, highlighting strong demand for luxury, hospitality-driven living among younger demographics. Additionally, 68% of sales were to first-time Aldar buyers, reflecting the expanding reach and appeal of Aldar's residential offerings. The project brings Hilton's iconic Waldorf Astoria brand to Abu Dhabi for the first time, setting a new benchmark for luxury living in the capital. Commenting on the sales performance, Jonathan Emery, Chief Executive Officer at Aldar Development said: 'The sell-out of Waldorf Astoria Residences Yas marks a significant milestone for Aldar and highlights the attractiveness of Yas Island both as an investment destination and prime residential address. As the island's first branded residential offering, its overwhelming success is a strong indicator of the rising demand for luxury, hospitality-led living in Abu Dhabi and the universal appeal of the Waldorf Astoria brand.' Waldorf Astoria Residences Yas comprises an exclusive collection of elegantly furnished homes, including one-to-three-bedroom apartments, duplexes, and luxurious four-bedroom penthouses. The development is strategically located along the iconic Yas Links Golf Course, with sweeping views of both the lush fairways and the world-famous Yas Marina Circuit, home to the Formula 1 Etihad Airways Abu Dhabi Grand Prix. About Aldar Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East, North Africa, and Europe. The company has two core business segments, Aldar Development and Aldar Investment. Aldar Development is a master developer of a 62 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah's most desirable destinations. The delivery of Aldar's developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE's capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC. Aldar Investment houses a core asset management business comprising a portfolio of more than AED 46 billion worth of investment grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, and hospitality segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates. For more information on Aldar please visit
Arabian Business
15-05-2025
- Business
- Arabian Business
Abu Dhabi's Aldar launches first Waldorf Astoria-branded residences on Yas Island
Aldar has announced the launch of Waldorf Astoria Residences Yas, the first branded residential development on Yas Island, Abu Dhabi, offering a collection of 133 furnished residences that combine luxury living with the hospitality of Waldorf Astoria. Positioned adjacent to Yas Links Golf Course and offering views of the Yas Marina Circuit and surrounding mangrove waterfront, the development marks the debut of Waldorf Astoria Residences in Abu Dhabi. 'As the first Waldorf Astoria Residences in Abu Dhabi and the first ever branded residential product on Yas Island, Waldorf Astoria Residences Yas is set to become the most enviable address on the island, offering residents unmatched luxury, an iconic lifestyle and signature experiences,' said Jonathan Emery, Chief Executive Officer of Aldar Development. 'With direct access to Yas Links and surrounding amenities, residents will have an opportunity to be immersed in the most vibrant neighbourhood in the region while experiencing Waldorf Astoria's globally renowned hospitality every day,' he added. Designed by Nordic Office Architects, the project features three buildings that integrate biophilic principles and reflect the character of Yas Island. London-based KZ Design Services led the interiors, with layouts including one-to-three-bedroom apartments, one-bedroom duplexes, and four-bedroom penthouses. Amenities include 24/7 personal concierge service, a residents' lounge inspired by Peacock Alley, a world-class fitness and spa facility, swimming pool overlooking the golf course, kids club, simulator room, games room, and cinema. In line with Aldar's sustainability goals, the development targets a 3 Pearl Estidama and 2 Star Fitwel rating. Aldar aims to cut construction-related emissions by 25 per cent through the use of low-carbon concrete and steel, while the buildings are expected to be 35 per cent more energy-efficient and 45 per cent more water-efficient than established global and local benchmarks. The development will launch for sale on May 22 at Hilton Abu Dhabi Yas Island.
