Alkaser

Alkaser is a premium, limited collection of land plots by Aldar Properties, which aims to cater towards commercial investors. The development is located at the north entrance of Yas Island and features just 10 plots for 6–10 storey buildings in mixed-use and residential segments. The construction of Alkaser is scheduled to start in Q3 2023.

There are 2 types of plots available: 6 canal-front and 4 park-facing. The size of the plots range from 38,126 sq. ft to 43,368 sq. ft. The GFA stands at 114,377 sq. ft to 130,104 sq. ft.

The key privileges of the Alkaser community are as follows:

• Canal view
• Parks and open spaces
• Co-located retail opportunities
• Mosque

Plot owners will be encouraged to construct complexes in line with high sustainability standards, but the community itself will have a 3 Pearl Rating, whilst the buildings will have a 2 Pearl Rating.

As of Q2 2023, the initial cost for a plot in Alkaser is set at AED 20M (USD 5.4M).

The estimated date of handover for Alkaser is scheduled for Q2 2026. With more than 2,600 ft of prime canal frontage, the development offers the last waterfront investment opportunity on Yas Island.

The units in the upcoming community are expected to be in strong demand both for sale and to rent among families with children, thanks to easy access to Yas Gateway Park. The park houses dedicated play areas for the little ones, a tennis court, a BBQ area and other public amenities. You can also consider units in the development for short term-rental, as the property here will be appealing to tourists, who want to stay within easy reach of Yas Island’s many entertainment venues.

“According to Property Finder, as of Q2 2023, the average gross yield on the island for 1-bedroom apartments is 6.7%. The initial rental cost stands at AED 48K (USD 13K) per annum. By the time Alkaser is completed, these indicators will no doubt increase, ensuring investors generate a lucrative rental income.
“

If you want to sell property after the construction of the building, you will be keen to learn that Yas Island has a consistent position in the top 4 most popular areas for luxury apartments. In fact, according to Bayut & dubizzle, the island registered a 4.14% surge in the price per sq. ft in Q1 2023 compared to Q4 2022. This clearly illustrates the strong investment potential of Alkaser and the opportunity to gain a decent profit upon selling a unit.

When purchasing a plot in Alkaser, you will become eligible for a 10-year Golden Visa which covers your family and domestic staff. As a Golden Visa holder in Abu Dhabi, you will be provided with discounts and promotions across a number of local sectors, including healthcare, hospitality, real estate, automotive and more.