The Abu Dhabi developer Aldar Properties plans to start the public sales of the third phase of its AED 6 billion ($1.6bn) Yas Acres development on October 4.

Yas Acres is the Abu Dhabi-listed developer’s flagship golf and waterfront villa development situated on Yas Island.

The third phase consists of 260 homes, including two- and three-bedroom townhouses and three- and four-bedroom duplexes. Prices for homes begin at AED2.3 million with sizes ranging from 200 square metres to 324 square metres, Aldar said in a statement.

Aldar is offering payment plans including a 30/70 plan, with 30% of the purchase price payable during construction, with 5% down payment, and 70% payable at handover.

The second phase of the development, launched in June, has seen 90% of the homes released to the market purchased, Aldar said. Construction is targeted to commence before the end of this year, with the first handovers expected in late 2019.

“The home owners and residents are central to the way in which Yas Acres has been planned, from the design of the villas and townhouses to the amenities and facilities. This has resulted in strong sales for the development, which we expect to continue with the launch of this third phase, bringing a new two bedroom townhouse offering to market,” said Mohamed Khalifa Al Mubarak, Chief Executive Officer of Aldar Properties.

“Our diverse buyer mix suggests that Yas Acres will become a unique and engaging community – and one of the most desirable addresses in Abu Dhabi.”