Ohana Development, a leading UAE real estate
developer of luxury projects, has recorded AED6 billion ($1.63 billion) in
sales in 72 hours for Manchester City Yas Residences by Ohana, a gated
waterfront community located along Yas Canal in Abu Dhabi, setting a new sales
record in the emirate’s real estate market.
Investors queued
at the sales launch, reflecting
the strong demand for the project. Of the investors,
35% are Emiratis, while 65% are expatriates and international buyers. In
response to this significant
interest, Ohana Development is expected to release additional inventory from
the project soon, the company said.
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.”
“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,” added Husein.
The project spans
1.67 million sq m, with more than 55% of the masterplan dedicated to landscaped
gardens and green spaces. Designed around sport and active living, Manchester
City Yas Residences by Ohana will feature integrated training and recovery
facilities, alongside a waterfront promenade with retail, dining and lifestyle
destinations. The community will also include a marina sports club with water
sports activities, as well as a range of resort-style amenities, including
fitness facilities and pools. –
TradeArabia News Service
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