As it is revamping its urban lifestyles, Abu Dhabi has rolled out the Yas Canal Residential Project that has been described as a mega project in housing, and to be inhabited by the UAE nationals. This AED 3.5 billion venture, spearheaded by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, is meant to transform the way of life to Emirati families.
This is all you should know about this ground-breaking development.
Yas Canal Residential Project Overview
The Yas Canal project, situated in Al Raha Beach is a major step towards creating a safe and steady residential settlement in the UAE. The project is an outcome of a strategic partnership between:
- Abu Dhabi Housing Authority (ADHA)
- Abu Dhabi Centre of Projects and Infrastructure
- ICT Real Estate Development Company
This public-private joint venture concentrates on the providing of a high standard and future proof residential neighbourhood, which is designed to attract Emirati citizens only.
Project Scope and Features
The Yas Canal development will cover 1.8 square kilometres, and will feature:
- 1,146 urban houses
- Three mosques
- There was one school in each of them.
- Shopping and trade of 10,000 sq. m.
- Lifestyle like Gym
This grandiose community planning makes triggering all the necessary services rather close to each other that allows the community interaction and comfortability of its citizens.
Villa Types and Architecture
The villas will be of bespoke design that corresponds to the lifestyle requirement of Emirati families that will include:
- 3 to 6 bedroom villas
- Within the range of 350 to 525 sq. m. of buildings.
- A 600-780 sq. m. size of the plot.
Architectural Styles
Several variants of the architectural solutions are presented to the residents with modern design and elements of the traditional Emirati style to create a culturally significant environment with the proper harmony of ambiance.
Payment Plan & Financing Options
Yas Canal villas are reserved to the nationals of the UAE. In order to simplify the process of purchase and make it more affordable:
- Housing loans can be accessed through Abu Dhabi Housing Authority (ADHA) under which buyers can do this.
- Special financing packages are meant to accommodate various classes of incomes
- The ADHA will take care of the sales and ownership, which will be transparent and fair
Sustainability and Urban Vision
Yas Canal is designed with sustainability being put in considerations and incorporates:
- Green building products
- Energy-efficient infrastructure
- Intelligent city planning
This goes in line with Abu Dhabi Vision 2030 and the guiding principle of the government to established sustainable and resilient communities in prospect of future generations.
Location – Why Al Raha Beach?
Set in the Al Raha Beach which is one of the most coveted waterfront localities of Abu Dhabi, Yas Canal has a lot to offer:
- Stunning seashore life
- Schooing, shopping and medical facilities
- Nearness to international Airport of Abu Dhabi
- Fast links to Yas Island and Downtown Abu Dhabi
The development of seaside living will be quiet but still in a close connection to the city life and the entertainment facilities it offers to its inhabitants.
Project Timeline
The Yas Canal Residential Project is scheduled to be completed in the last quarter of the year 2027. All phases of the construction and development are being monitored by Abu Dhabi Centre of Projects and the construction process is being facilitated through evidence of timely delivery as well as paramount execution.
FAQs – Yas Canal Residential Project for UAE Nationals
Who is allowed to purchase Yas Canal?
The Yas Canal project only offers to sell villas to Emirati citizens.
How much does it cost to invest in this project of the Yas Canal?
The cost of the all development is 3.5 billion AED.
How can UAE nationals finance their home in Yas Canal?
ADHA can provide homebuyers with favourable housing loans which have favourable repayment terms.
What are the priorities for housing allocation?
ADHA gives priority to the financial position, family requirements and social factors. Find the detailed criteria of eligibility on the official site of ADHA.
Can foreign nationals buy property in Al Raha Beach?
Yes, foreigners are allowed to purchase in prescribed freehold zones at Al Raha Beach but not in Yas Canal which is reserved to the Emiratis.
In Summary
It is never only bricks and mortar that make the Yas Canal Residential Project. It is about the community and the heritage and the ability to provide the UAE nationals access to the quality of the world-class living standards. Due to its careful planning, strategic positioning and high regard to environmental protection, Yas Canal will become a precedent in residential projects in the heart of Abu Dhabi.
With the investments in the future of its citizens, such as Yas Canal, the emirate stays true to the vision of inclusive and well-planned urban development by progressive leaders of tomorrow.
