All-new Yas Park Gate set to feature 508 homes

Aldar Properties has launched the $310mn Yas Park Gate residential development, which is designed to complement the existing communities and due to feature 508 new homes across 255,000sqm.

The Mediterranean-style gated community, which will be located immediately adjacent to Yas Park, is said to be a natural progression in the development of the second phase of North Yas. Construction of Yas Park Gate is due to begin in Q1, 2023, with handovers expected to commence in Q1, 2026.

Units at Yas Park Gate will be available for purchase by all nationalities from 1 September 2022, and is expected to offer buyers competitively priced single-family homes, from two and three-bedroom townhouses to four-bedroom villas. The Mediterranean-style homes will give buyers a choice of two interior colour options, the developer noted.

In July 2022, Aldar said it would acquire four towers in a deal worth $1.7bn.

Commenting on the launch, 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.”

In line with Aldar’s sustainability strategy, 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 claim to reduce consumption by 18%, 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% decrease in energy consumption.

In early August, CBRE said it advised Aldar on a $221mn hospitality deal. Later in the month, Apollo acquired a $400mn stake in Aldar Investment Properties.