Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has authorised the commencement of the Yas Canal residential project in Al Raha Beach.
With an approximate budget of AED 3.5B, this ambitious initiative will entail designing 1,146 residential villas exclusively for UAE Nationals.
The project team plans to complete the project by the fourth quarter of 2027.
This venture results from collaborative efforts involving the Abu Dhabi Housing Authority, the Abu Dhabi Centre for Projects and Infrastructure, and the ICT Real Estate Development Company, according to Gulf Business.
The ICT Real Estate Development Company will lead the design, construction, and infrastructure development of the project under the supervision of the Abu Dhabi Centre for Projects and Infrastructure.
Sales personnel will manage sales jointly with the housing authority.
The Yas Canal residential project will cover an area of 1.8 square kilometres, offering not only residential villas but also mosques, a school, a gym, and various amenities and retail outlets.
The villas, ranging from three to six bedrooms, will boast spacious layouts varying from 350 to 525 square metres, situated on generously-sized plots ranging from 600 to 780 square metres.
A notable aspect of the project is its accessibility to UAE Nationals seeking housing loans from the Abu Dhabi Housing Authority, enabling them to purchase villas within the development.
