- Abu Dhabi unveils a new residential project worth Dhs3.5 billion aimed at providing housing solutions for citizens, demonstrating the government's commitment to addressing the housing needs of its residents.
Abu Dhabi unveils new Dhs3.5bn residential project for citizens
The Yas Canal project in Abu Dhabi will comprise 1,146 residential villas for UAE Nationals and is scheduled for completion in Q4 2027
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has given the green light to the Yas Canal residential project in Al Raha Beach. With an estimated budget of Dhs3.5bn, this ambitious project will comprise 1,146 residential villas tailored exclusively for UAE Nationals. It is scheduled for completion in Q4 2027.
Read: Abu Dhabi green-lights Dhs66bn development drive in 2024
Yas Canal project in Abu Dhabi: An example of public-private partnership
This project is a result of a collaborative effort between the Abu Dhabi Housing Authority, the Abu Dhabi Centre for Projects and Infrastructure, and the ICT Real Estate Development Company.
The ICT Real Estate Development Company will spearhead the design, construction and infrastructure development of the project under the supervision of the Abu Dhabi Centre for Projects and Infrastructure.
Sales will be managed in partnership with the housing authority.
Spanning 1.8 square kilometres, the Yas Canal residential project will comprise not only residential villas but also mosques, a school, a gym, and a range of amenities and shops.
The villas will range from three to six bedrooms, boasting spacious layouts ranging from 350 to 525 square metres, situated on generously sized plots ranging from 600 to 780 square metres.
One of the project’s key features is its accessibility to UAE Nationals seeking housing loans from the Abu Dhabi Housing Authority, providing them with the opportunity to purchase villas within the development.
