Yas Acres North Bay is scheduled for completion in Q1 2025 and is a truly unique opportunity for real estate investors, as this is the last project in Yas Acres. When buying a land plot here, you are provided with a 2% discount depending on the chosen payment plan.
After constructing a building, you will be able to sell apartments and retail units as single units or in bulk and benefit from a lucrative income
, with the average asking price set at AED 1.2K (USD 330) per sq. ft in Yas Island. At the same time, it is also worth considering renting out apartments through the property management service, as 1-bedroom residences in Yas Island generate an attractive gross ROI of 6.7%, according to Property Finder, as of Q2 2022. The starting rental cost for this type of property is AED 39K (USD 11K) per annum.
As of Q3 2021, the occupancy rates for Yas Acres stood at 95%, which shows an ongoing demand for properties in this community. The area is adjacent to Yas Creative Hub, which is the first industry-specific hub in the GCC for media, entertainment and gaming. Set to be constructed in 3 phases over the next decade, the development houses Twofour54 Abu Dhabi; the capital’s media free zone. That being said, Yas Creative Hub is expected to create jobs for up to 16,000 professionals by the end of 2031, meaning that apartments in Yas Acres – North Bay will be in demand both for sale and rentals among those specialists opting to live within close proximity to their place of work.
In line with the latest visa amendments, which will come into effect in September 2022, when investing in an off-plan/secondary property (it can be mortgaged) worth at least AED 2M (USD 545K), you can obtain a Golden Visa residency
. Thanks to this scheme, you will be able to enjoy all the benefits of an Emirates ID, and live, work and study in the UAE without needing an Emirati sponsor. In addition, from March 2022, Golden Visa holders in Abu Dhabi are entitled to discounts and offers on cars, property, health care, hospitality, health insurance and banking services.