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The United Arab Emirates is a state of incredible opportunities and ambitious projects. Yas, a man-made island in Abu Dhabi, is one of the most iconic structures in the UAE. We’ll tell you about the project’s main characteristics and what kind of real estate you can buy here.
Content:
- General information about the island
- Life on the island
- Real estate on Yas Island
- Investment Opportunities
- We’ll help you buy a property on Yas Island
General information about the island
Yas Island is a project realized by one of the largest real estate developers in the UAE, Aldar Properties PJSC. It’s 24 km east of the country’s capital. The total building area is 2.5 hectares (ha). The project cost AED 132,000,000,000 ($36,000,000,000, ¥229,000,000,000).
Yas Island offers its guests many recreation activities - you can visit trendy restaurants, fashionable clubs, luxury hotels, and much more. The Island is easily recognizable by the impressive Yas Marina Circuit, the Ferrari World theme park, and other landmark developments. Yas Island is a favorite among tourists, tenants, and investors in Abu Dhabi. Life on this island is perfect for those who like to be at the center of events.
Life on the island
Yas Island is the luxury center of Abu Dhabi, with plenty of high-end hotels, upscale restaurants, and other entertainment facilities, so it can compete with most modern megacities in the world. As a result, the island attracts the interest of potential buyers, bearing in mind the long-term opportunities of this area. Investors have access to a vast range of real estate that is as good as luxury property in Dubai.
Real estate on Yas Island
The housing market on Yas Island offers villas and apartments. The lively atmosphere of this district attracts young and progressive people who see it as an ideal place to live permanently.
A large part of the island's population is western expats who prefer open spaces, golf courses, and premium restaurants. The area is popular among young professionals and families. Because it’s close to international schools, universities, clinics, shops, and other organizations, you can plan your daily life here with comfort.
Investment Opportunities
People who want to invest in housing on Yas Island should check out the residential communities of Mayan, West Yas, Water's Edge, Ansam, and Yas Acres, which have apartments and villas. These projects have high profitability and a fast return on investment/ROI.
The communities of West Yas and Yas Acres are suitable to buy an apartment on favorable terms. Here you can buy off-plan housing units. If you’re interested in finished houses and apartments, you can check out the offers in Ansam. It’s a project that’s also suitable to buy a home and rent it out afterward.
The following types of apartments are available:
- Studios range from 45 to 54 m2. The minimum price starts at 585,000 AED ($159,200 / ¥1,010,000).
- 1-, 2-, or 3-bedroom apartments ranging from 111 to 120 m2. The minimum price depends on the configuration and ranges from AED 836,000 ($227,600, ¥1,440,000) to AED 1,300,000 ($353,900, ¥2,250,000).
A wide variety of villas is also available on the island:
- 3-bedroom villas with a total area of 204 m2 cost from AED 1,900,000 ($517,300, ¥3,290,000).
- 4-bedroom villas with a total area of 325 m2 can be purchased at the lowest price of AED 2,500,000 ($680,600, ¥4,320,000).
- 6-bedroom villas with a total area of 650 m2 cost from AED 6,700,000 ($1,820,000, ¥11,600,000).
Investments in studio apartments can bring the highest income - up to 8% a year on average. 1-, or 2-bedroom apartments have profitability of 7.2% and 7.1% and 3-bedroom apartments have the lowest yield at about 6% a year. For comparison, apartments in Dubai, bring owners 6.5-8% a year on average.
3- And 4-bedroom villas have a return of around 5.6% and 5.3%. Interested investors can also consider 6-bedroom villas with an ROI of 4.7%.
We’ll help you buy a property on Yas Island
Are you looking for promising apartments in new buildings in Dubai or Abu Dhabi? The catalog of the Emirates.Estate website has the most interesting units in the Emirates at accurate prices from real estate developers. If you need it, you can always get professional advice on choosing buy-to-live or buy-to-invest housing in the UAE, as well as reliable support for the transaction.
