Overview

Property Description

It is aimed at commercial investors, and Aldar Properties offers a premium, limited collection of land plots called Alkaser. Alkaser is a mixed-use and residential development located at the north entrance to Yas Island that will consist of ten plots. Construction of Alkaser is scheduled for Q3 2023. Plot sizes range from 38,126 sq. ft to 43,368 sq. ft. GFAs range from 114,377 sq. ft to 130,104 sq. ft. There are two types of plots: canal-front and park-facing. The Alkaser community enjoys the following privileges: Building complexes will be encouraged to meet high sustainability standards, but the community itself will only have a 2 Pearl Rating, while the buildings will have a 3 Pearl Rating. In Q2 2023, a plot in Alkaser will cost AED 20M (USD 5.4M). *Prices are valid for 2021 Alkaser is expected to be handed over in Q2 2026. With more than 2,600 feet of canal frontage, it offers the last waterfront investment opportunity on Yas Island. As a result of its easy access to Yas Gateway Park, the units in the upcoming community are expected to be in high demand among families with children, both for sale and to rent. There are several play areas, tennis courts, a BBQ area, and other public amenities in the park. You may also consider renting out units in the development as short-term rentals, as the property here will appeal to tourists, who want to stay within easy reach of Yas Island’s many entertainment venues. A typical gross yield on the island for 1-bedroom apartments as of Q2 2023 is 6.7%, according to Property Finder. Alkaser is expected to provide investors with a lucrative rental income by the time it is completed. The initial rental cost is approximately AED 48K (USD 13K). If you want to sell property after the construction of the building, Yas Island has consistently been ranked among the top 4 most popular luxury apartment areas. According to Bayut & dubzzle, the island registered a 4.14 percent increase in price per square foot in Q1 2023 over Q4 2022. This clearly demonstrates the strong investment potential of Alkaser and the possibility of making a decent profit upon selling a unit. You will be eligible for a 10-year Golden Visa when you purchase a plot in Alkaser, covering you and your family. There are numerous discounts and promotions available to Golden Visa holders in Abu Dhabi, including healthcare, hospitality, real estate, automotive, and more.

Location