Aldar Properties has launched Yas Park Gate, a Dh1.15 billion ($313.14 million) gated neighborhood positioned alongside what it stated is a primary of its form household and leisure exercise park in Abu Dhabi.
Set within the North Yas improvement on Yas Island, it’s going to function 508 new houses and have entry to the 115,000 sq. metre Yas Park.
Aldar stated development of Yas Park Gate is because of start within the first quarter of 2023, with handovers anticipated to begin within the first quarter of 2026.
“Yas Park Gate represents the following stage of the broader North Yas masterplan, which is able to additional solidify the island as one in every of Abu Dhabi’s most sought-after locations,” stated Rashed Al Omaira, chief business officer at Aldar Growth.
“Our analysis has proven rising buyer demand for amenity-driven communities, in order that has been a core focus for this improvement. As such, we count on to see sturdy demand from householders and worldwide and native buyers searching for a gorgeous funding alternative.”
Models at Yas Park Gate will likely be out there for buy by all nationalities from September 1.
Two and three-bedroom townhouses begin at Dh1.74 million, whereas four-bedroom villas begin from Dh3.2m.
The houses may have Mediterranean-style structure, and patrons may have a alternative of two inside color choices.
Yas Park will function a tranquil forest, shallow lagoon, canopied oasis, an interactive fountain, journey playground, and a central garden for concert events and stay occasions, in accordance with Aldar.
The neighborhood services have been designed for soccer, tennis, basketball, cricket, paddle tennis, seaside volleyball, skater park and bounce park.
Abu Dhabi recorded 7,474 property transactions value greater than Dh22.51bn within the first six months of the 12 months, because the UAE’s property market continues to rebound from the coronavirus-induced slowdown.
Yas Island recorded the best worth of transactions, with offers value Dh1.8bn, adopted by Al Saadiyat Island with transactions valued at Dh1.2bn.
In June, Aldar launched the Yas Golf Assortment, a Dh1.7bn resort-style improvement that goals to faucet into the rising demand for properties on Yas Island.
The Abu Dhabi developer additionally launched flats at Grove District on Abu Dhabi’s Saadiyat Island this 12 months.
Different main initiatives within the capital embody Reem Hills on Reem Island, Bloom Dwelling, near Abu Dhabi Worldwide Airport, and the second section of Imkan’s Riviera improvement on the coast between Abu Dhabi and Dubai.
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Up to date: August 24, 2022, 2:01 PM