Aldar Properties (Aldar) has announced the launch of Yas Park Gate, a gated community next to Yas Park, a family and recreational activity park in Abu Dhabi.
As part of the second phase of North Yas, the Dhs1.15bn residential development will complement the existing communities and feature 508 new homes spanning over 255,000 square metres.
The development offers easy access to the 115,000 sqm Yas Park, which is half the size of Yas Mall.
Yas Park will define a new standard for parks in the UAE, bringing together an array of amenities for the first time in one space – it will be connected by a promenade that enables access to each feature as well as a walking and jogging track around the perimeter.
Open for sale soon
Units at Yas Park Gate will be available for purchase by all nationalities from September 1, and will offer buyers competitively priced single-family homes, from two- and three-bedroom townhouses, starting at Dhs1.74m, to four-bedroom villas starting from Dhs3.20m.
Rashed Al Omaira, chief commercial officer at Aldar Development, said: “Yas Park Gate represents the next stage of the broader North Yas masterplan, which will further solidify the island as one of Abu Dhabi’s most sought-after destinations. Our research has shown growing customer demand for amenity-driven communities, so that has been a core focus for this development. As such, we expect to see strong demand from both homeowners and international and local investors seeking an attractive investment opportunity.”
The homes at Yas Park Gate are designed to achieve a two-pearl rating, as per the UAE’s Estidama sustainability rating system. Key sustainability measures taken at Yas Park Gate include efficient water fixtures and fittings that reduce consumption by 18 per cent, the responsible sourcing of building materials to reduce the development’s carbon footprint, and using smart building designs and efficient cooling systems to achieve a 25 per cent decrease in energy consumption.
These ratings exceed those of similar developments across Abu Dhabi with Pearl 1 ratings, demonstrating Aldar’s commitment to supporting sustainability throughout its communities.
Construction of Yas Park Gate is due to begin in Q1 2023, with handovers expected to commence in Q1 2026.
In recent news, Apollo Global Management (Apollo) through its managed investment vehicles, has acquired an 11.1 per cent minority stake in Aldar Investment Properties (AIP), a subsidiary of Abu Dhabi-listed Aldar Properties and the region’s largest institutional-class real estate platform, following the completion of a $400m transaction.
Article originally published on GulfBusiness.