UAE-based Aldar Properties has announced that those who buy homes at its Mamsha Al Saadiyat (Mamsha) and Alghadeer developments during the upcoming Cityscape Global expo in Dubai will benefit from a range of incentives, including monthly payment schedules, rebates and fee waivers.

Located in the Saadiyat Cultural District adjacent to the Louvre Abu Dhabi and near to NYUAD, Mamsha is an exclusive beachfront development comprising five plots, featuring 461 luxury homes, and retail outlets.

The development is also located alongside a pristine 1.4km white sandy beach fully open to the blue waters of the Arabian Gulf. To date, seven buildings that make up 322 apartments and townhouses have been released for sale.   

The Abu Dhabi group had acquired Mamsha this May and construction was making strong progress, ahead of scheduled handover in mid-2019, with cladding, glazing work and promenade construction all underway.

The retail units are in final stages and are being prepared for leasing, with show apartments expected to be ready this year, it added.

All properties at Mamsha enjoy direct beach access, close proximity to world class museums, and a variety of premium amenities, including gymnasiums, swimming pools, landscape gardens, a beach promenade, children’s playgrounds, walking and cycling paths, said the developer.

According to Aldar, Cityscape Global customers will receive a rebate of 5 per cent of the total price of units at Mamsha upon handover and enjoy 2 per cent registration fee waivers and a five-year exemption from service charges.

In addition, Aldar is offering a highly competitive 10/90 payment plan at the Dubai expo which runs from  October 2 to 4.

For Alghadeer customers, the developer will offer a 2 per cent registration fee waiver and a 3 year holiday on service charges, as well as a monthly payment plan enabling them to buy their homes from as little as Dh2,700 per month.

Situated close to the border of Abu Dhabi and Dubai, Alghadeer is a Dh10 billion master-planned community featuring over 14,000 high-quality homes, commercial properties, cultural and institutional amenities and entertainment attractions to be built over the coming 15 years.

Based on current performance, investors at Alghadeer can expect yields of up to 10 per cent once completed, said the developer.

Since its launch in April 2018, Aldar has announced the sale of two plots within Alghadeer which will feature a British curriculum school and a LuLu supermarket and a community clinic by 2021 in line with handovers of the first new community to customers.

The new masterplan incorporates Aldar's existing community of the same name which boasts over 2,000 homes and is a thriving destination for many families who benefit from living between major growth areas within the emirates of Abu Dhabi and Dubai.

At the heart of Alghadeer is Harvest, a multi-use agricultural led space featuring allotments, as well as The Hub – a F&B outlet, The Studio – an educational area for training and workshops, The Shed – a dedicated area for purchasing farming tools and supplies, and The Market – a retail area for freshly grown produce, and The Field - where people can rent plots and grow their own produce.

Maan Al Awlaqi, the executive director for commercial, said: "We are delighted to bring Mamsha Al Saadiyat to the market for the first time under the Aldar brand, with some incredible offers to make the dream of owning a beach-front property on the idyllic Saadiyat, and its proximity to a globally unprecedented set of cultural and educational facilities – as accessible as possible."

"Alghadeer is also proving itself to be hugely popular due to its attractive yield potential and ideal location on the border of Abu Dhabi and Dubai. These two projects really showcase how Aldar is able to cater to all sections of the market offering great places in which to live and invest," he added.-TradeArabia News Service