Property Trends and Prices on Yas Island
Properties on Yas Island are presented by studios, apartments, villas, duplexes and townhouses of various sizes, which are all available to purchase and to rent. Everyone can find a suitable housing option here, and you can also purchase land plots and an entire building in the area.
Yas Island is among the most popular areas in the capital among luxury real estate buyers. For the third quarter of 2022, Yas Island has become one of the most sought-after territories for investors in Abu Dhabi, according to the Bayut & dubizzle report. The average purchase price of a one-bedroom residence was AED 1,000,000 (USD 272,000). At the beginning of 2023, the minimum price for an off-plan one-bedroom apartment on Yas Island constitutes AED 535,000 (USD 146,000), while a similar finished property costs AED 740,000 (USD 202,000).
In addition, the island has become the second most popular area (after Saadiyat Island) among buyers of premium segment villas. In the third quarter of 2022, the cost per sq. ft compared to the second quarter increased by 6.54% to AED 1,208 (USD 329). At the end of 2022, the minimum cost of a 2-bedroom off-plan villa was AED 1,650,000 (USD 449,000), and a ready-to-move-in villa – AED 1,785,000 (USD 486,000).
According to the results of the third quarter of 2022, Yas Island also became one of the most popular areas among tenants of luxury apartments and villas. The average cost of renting a 1-bedroom apartment between October and December 2022 was AED 52,000 (USD 14,200) per year, in accordance with the data from Property Finder.
West Yas, Yas Acres, Water’s Edge and Ansam are among the most popular residential projects on the island.