Insiders tell us about the most exciting upcoming residential real estate projects in the capital
While the property market is not expected to rebound with great energy anytime soon, the overall outlook remains pretty positive despite the continuing slowdown in demand both in terms of renting and buying.
With a long line of property projects being constructed across the emirate by various developers, there will be no shortage of options for residents to choose from whether you’re considering somewhere for the short or long term.
So what are these new developments that are worth looking at? We ask two property experts to give us a lowdown on upcoming projects that are creating a buzz in the market.
Andrew Covill, director, Henry Wiltshire International
Hidd Al Saadiyat
This development is the newest villa project currently being completed in Abu Dhabi. The resort style development comprises contemporary villas located on a narrow peninsula with beaches on both sides.
Some of the larger properties open directly onto the seashore, while the others are designed with wide landscaped areas with walkways to the beaches. The villas feature marble flooring, specialist joinery and high spec kitchens and bathrooms.
Prices range from AED 6.5 million for a four-bedroom villa to AED 40 million for a beachfront mansion. Rental options are now available from around AED 300,000 per year.
Saadiyat Island is in itself pretty unique, having the only ‘high end’ villa developments in Abu Dhabi – where all nationalities are able to purchase.
It’s made even more attractive by the Louvre Abu Dhabi museum, a range of luxury hotels, a beach club and golf club.
Mamsha is located directly on the natural white sands of Saadiyat Beach and is comprised of low rise, luxury apartment buildings with retail options, cafés and restaurants.
Located within the Cultural District, where Louvre Abu Dhabi is stationed, it is indeed a unique development.
There are options from one to four bedrooms, as well as lofts, townhouses and penthouses, many with endless sea views.
Prices start from just over AED 2 million for a non-sea view, one-bedroom apartment to around AED 5 million for a sea facing, three-bedroom apartment, with prices for penthouses and other specialist properties available on request.
The first apartments will be handed over at the end of this year with completion of the whole project coming early in 2019.
This development is Yas Island’s forthcoming luxury waterfront apartment complex.
Currently under construction, with the first completions expected in 2019, it is located adjacent to the plaza hotels and Yas Beach, and overlooks Yas Links golf club and the picturesque sea.
It is also within walking distance of the new Yas Bay development, which will house a large marina, entertainment venues, restaurants and the whole of the twofour54 media zone, which will be relocated from its current home near Khalifa Park.
There is a wide range of apartments, many with golf course and sea views, with prices starting from AED 900,000 for a studio.
If you’re looking for a home on Yas Island sooner, Ansam could be an option.
Built in a much more classic Andalucian style, the white painted buildings benefit from shaded balconies and terraces, courtyards and leisure facilities that also overlook Yas Links, with slightly more distant sea views.
With the first set of properties being handed over as we speak, there are studios for rent from AED 80,000 up to three-bedroom apartments overlooking the golf course for over AED 200,000.
There are also some great options for sale, with prices still near the original launch prices. What’s more, the property is a stone’s throw from Ferrari World Abu Dhabi, Yas Waterworld, Yas Mall, Yas Marina Circuit and the upcoming Warner Bros theme park.
Recently completed, this stunning new development is built in a contemporary style with large balconies overlooking the sea at Al Raha Beach.
It has been developed as a second phase of the highly popular Al Bandar development.
While it will have its own fantastic leisure facilities – including a rooftop, palm fringed swimming pool – it will also benefit from the excellent shopping and dining facilities and the marina at Al Bandar.
For around AED 80,000 you can rent a studio, or purchase it for ten times that figure, which is a great return for an investor.
There is a wide range of apartments available for sale at competitive prices such as a one bedroom for AED 1.5 million, two-bedroom from AED 2 million and three-bedroom for under AED 3 million.
Alan Kaye, director of business development, District Real Estate
With the opening of Louvre Abu Dhabi, there’s no doubt that Saadiyat Island is one of the hottest locations in the city.
Adding more to that prestige is this upcoming development designed to cater particularly to families who are looking for a quiet but dynamic community.
This gated community – slated for an August turnover – is situated between the golf course, St. Regis Saadiyat Island Resort and Cranleigh school, and consists of 53 four-bedroom townhouses and four-, five- and six-bedroom villas.
The homes are modern in design and feature stone, glass and marble materials, with interiors that make use of natural light.
As Yas Island continues to grow, so does the demand for residential properties to make the most of its ideal location that is boosted by various attractions.
West Yas is touted as the first major villa development on the island. It features four- and five-bedroom villas with large plots, with each cluster of villas having its own play area or communal centre.
Units for sale start from AED 4.3 million, with handovers expected to begin in March.
Also adding to Yas Island’s continuing growth is this waterfront development.
The 13-building complex will feature an 800 metre waterfront promenade complete with dining and retail outlets, private courtyards, spacious landscape areas, pools, multipurpose courts and a mosque.
It’s also only a five-minute walk from Yas Mall, and is near Ferrari World and Yas Marina Circuit.
Handover of the units is scheduled between the months of June and December 2020.
WORDS Ferdinand Godinez