Abu Dhabi’s Aldar Properties has launched the second phase of sales for its West Yas residential project, the developer announced.

The second phase of sales was launched in response to “strong nationwide demand” in phase one, where 300 units were sold to Emiratis, Aldar Properties said in a statement.

The West Yas development, situated on Yas Island, features 1,017 four and five-bedroom luxury villas, with prices starting from AED4 million ($1.08 million). The villas are in close proximity to Yas Island’s major attractions, including Yas Waterworld, Yas Marina Circuit and Ferrari World Abu Dhabi.

The development is a non-gated community, with no service charges, and includes community facilities such as a mosque built for 2,000 worshippers, an international school, a retail centre, sports facilities and a petrol station, all of which will be fully operational by the time of handover. The villas are expected to be handed over to buyers at the end of 2017, Aldar said.

Purchasers can avail of multiple payment plans, offering flexibility over down payment and instalment schedules.

“West Yas, the next phase of the Yas Island story, appeals to Emiratis from across the UAE, who are looking for a long term investment opportunity, in addition to luxury community living that will enable tenants or owner occupiers to live and work in the Capital,” said Talal Al Dhiyebi, Chief Development Officer at Aldar.

The Abu Dhabi developer announced an 18% surge in net profit to AED601 million ($163.6m) in the second quarter of this year, up from AED509 million ($138.6m) in Q2 2014. The increase was attributed to a growth in recurring revenues, higher development margins and lower finance costs.