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Mon, Apr 11, 2016
A new golfing and waterfront resort on Yas Island boasting exclusive luxury villas is to be built by Aldar Properties at a cost AED6 billion ($1.63 billion).
The Yas Acres development will add 1,315 villas to the man-made island in Abu Dhabi, UAE.
The residences will be available for purchase by foreign investors of all nationalities.
Located on the northern shores of Yas Island, Yas Acres includes a golf course and club house, parks, schools and a vibrant waterfront.
It is the Abu Dhabi developer’s largest undertaking to date.
Aldar Properties Chairman Abubaker Seddiq Al Khoori said: “Abu Dhabi’s economic fundamentals remain solid, built upon a long term vision for economic diversification. In order to play a key role in our Emirate’s growth plans, this AED6 billion development is a clear example of Aldar committing to the delivery of only the highest quality homes to the market. Through this we can improve the quality of life of our customers, while also contributing to the local economy.”
Aldar Properties Chief Executive Officer Mohamed Khalifa Al Mubarak said: "Yas Acres is compelling for investors looking to buy into the steady returns and future growth of the well-established Yas Island community. The new development is also exciting for those who want to buy a family home to live in and aspire to the luxury lifestyle amenities that define Yas Island living. From the park land and golf course to the beaches, new marina and exclusive yacht club, Yas Acres will set a new standard for villa living in Abu Dhabi. We have designed a complete, sustainable community and are confident buyers will be eager to gain access to these new quality homes."
Yas Acres will be home to 15,000 residents and include a nine-hole golf course and country club at the heart of the development, schools, mosques, community retail, a yacht club and marina.
Running along either side of the golf course are four-, five- and six-bedroom Royal Oak luxury villas with golf, park and sea views. Each home has been designed to the highest specifications and will be one of the largest in Yas Acres.
“In addition to being an excellent investment proposition, each home has been designed to meet the discerning standards of owner occupiers. We believe that Yas Acres represents everything that people, families in particular, will want from a home. Whether it is the proximity to great amenities within Yas Acres or the rest of Yas Island, the quality of the homes, or the care that has gone into the design of the community, this is a new benchmark for Abu Dhabi. Yas Island is a recognised centre for entertainment and leisure, and combined with the growing number of villas and apartments, I am confident that it will be the most desirable address in the emirate,” Al Mubarak concluded.
Villa clusters will include landscaped parks, running and cycling tracks, community pool areas along with playgrounds, sports facilities and barbecue areas. In addition Yas Acres will be home to five mosques, two schools, a retail centre and a petrol station.
Those interested in Yas Acres will have the opportunity to view the masterplan, development model in addition to a range of floorplans at the three-day Cityscape Abu Dhabi exhibition, which opens tomorrow.
Prices start at AED2.9 million ($790,000) for a three-bedroom townhouse.
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