PROPERTY: Home of leisure, Yas Island prepares to take on real estate

 

As the home of entertainment, Yas Island has made a name for itself and helped put Abu Dhabi on the map. Now, as three residential communities are set to join the island’s string of leisure and hospitality options, managing partner of Crompton Partner Estate Agents Ben Crompton takes a look at what’s in store

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Yas Island was catapulted onto the world stage in 2009 when the first Formula One Grand Prix was held there on the newly constructed Yas Marina Circuit. It had been designed as the playground for the people of Abu Dhabi with hotels, a marina, Ferrari World Abu Dhabi and a Links golf course.

Since 2009, Yas Island has continued to add more attractions: du Arena, a public beach, Yas Waterworld, IKEA and one of the premier shopping centres in the UAE, Yas Mall – and things aren’t stopping there with the Warner Brothers theme park planned for 2018 and two schools set to open within the year.

Linked by a bridge to Saadiyat Island and a tunnel to Raha Beach, Yas Island is close to some of the most luxurious residential communities in Abu Dhabi, but has no housing of its own (apart from a small community of Emirati housing). But that is about to change.

Projects in the pipeline

To complement the array of leisure attractions, Yas Island has recently announced three new residential communities .

The first to be announced was Ansam, a small community of 540 apartments spread across four low-rise buildings. Each building is shaped like a ‘U’ with a large central pool in the middle. The community will have several gyms and plenty of retail outlets as well.

Described as offering residents “premier living and leisure facilities at competitive prices”, Ansam is located right in the middle of the Yas Links golf course, providing fantastic views over the lush green course itself and then on to the blue waters of the mangroves. It’s located close to Yas Waterworld and Ferrari World too.

Available for sale to expats, studios starting at AED 800,000, with three bed apartments fetching AED 3m, Ansam is due to be completed in Q2 of 2017.

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After the launch of Ansam, Yas Island announced an even more ambitious project they named Mayan. Similar to Ansam, and in keeping with what seems to be the look and feel of Yas Island residential developments, Mayan will comprise seven mid-rise, low-density buildings. The “luxury golf and waterfront development” will be located on the southwest coast of the island. It will be aligned along the length of the new public beach, facing the water with views out over the mangroves. It will also be bordered to the north again by the Yas Links golf course and will be walking distance to the hotel complex – Yas Plaza – already on the island.

Mayan differs from Ansam in that it is an even more “high end” product, offering Golf Course Homes and Beach Front Villas as well as the usual mix of apartments. Mayan will also have a selection of amenities including multiple swimming pools, children’s play areas, gymnasiums and retail outlets.

Available for sale to expats, apartments range from studios at AED 850,000 to four-bedroom units at AED 4.15 million. Mayan is expected to be completed in Q2 of 2018.

The third new development on Yas Island is West Yas. This is currently only for UAE nationals to purchase, but it is likely that any nationality will be able to rent there. Again, the new community has been built on the north side of Yas Links along the coastline of the island facing the mangroves.

West Yas will be a community of over 1,000 villas – that’s more than Saadiyat Island and just fewer than Raha Gardens. It will be heavily landscaped with tree-lined streets, park playgrounds, and beach access. There will also be two retail centres, a community centre and a mosque. Altar Academies will also have a school serving the community.

Visit: cpestateagents.com

This is a third party column. Always seek the advice of an expert before making substantial investments.
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